earnings
confidence high
sentiment positive
materiality 0.75
QuinStreet Q3 FY2023 revenue $172.7M record, up 15% YoY; adjusted EBITDA $9M up 30%
QUINSTREET, INC
2023-Q3 EPS reported
-$0.24
revenue$450,312,000
- Revenue of $172.7M (record), up 15% YoY; GAAP net loss $0.5M ($0.01 loss per share).
- Adjusted net income $6.1M ($0.11 EPS); Adjusted EBITDA $9M, up 30% YoY.
- Auto insurance revenue surged 53% sequentially but expected to decline in Q4; non-insurance revenue up 34% YoY (58% of total).
- FY2023 revenue guidance $575-580M; adjusted EBITDA $16-17M. Expect double-digit growth in FY2024.