QuinStreet Reports Q1 Revenue $159.6M, Up 15% YoY; Raises FY2022 Outlook

QUINSTREET, INC

2021-Q1 EPS reported $0.06 revenue$159,608,000

GAAP net income $3.1M ($0.06 diluted); adjusted net income $9.4M ($0.17 diluted).
Adjusted EBITDA $13.4M; operating cash flow $5.8M; normalized free cash flow $11.4M.
FY2022 revenue guidance raised to $650M-$670M; adjusted EBITDA $65M-$67M.
Q2 FY2022 revenue guided $130M-$135M; adjusted EBITDA $7M-$8M.
All client verticals grew double-digit YoY; cash and equivalents $105.9M.

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