earnings
confidence high
sentiment positive
materiality 0.75
SelectQuote Q2 revenue rises 27% to $405.4M; raises full-year guidance
SelectQuote, Inc.
2024-Q2 EPS reported
-$0.07
revenue$638,167,000
- Revenue $405.4M, up 27% YoY from $319.2M; net income $19.4M vs $22.5M YoY.
- Senior segment revenue $247.5M, adj. EBITDA $78.7M; approved Medicare Advantage policies 234,576.
- Healthcare Services revenue $111.7M, adj. EBITDA $3.0M; SelectRx members exceed 62,000.
- FY2024 guidance raised: revenue $1.23B-$1.3B (was $1.05B-$1.2B); adj. EBITDA $90M-$105M.
- CEO Tim Danker cites eighth consecutive quarter ahead of expectations; approaching positive free cash flow.