earnings
confidence high
sentiment positive
materiality 0.75
QuinStreet Q2 rev $122.7M (-8% YoY); guides Q3 $160-170M rev, $7-9M adj EBITDA
QUINSTREET, INC
2024-Q2 EPS reported
-$0.41
revenue$246,606,000
- GAAP net loss $(11.6)M ($(0.21)/share); adjusted net loss $(2.3)M ($(0.04)/share).
- Auto Insurance revenue expected up >100% sequentially in Q3; positive inflection begun.
- Cash $45.5M, no bank debt; adjusted EBITDA $0.4M in seasonally weak Q2.
- FY2024 revenue growth guided 5-15% over FY2023; EBITDA margins to expand rapidly.