QuinStreet(QNST) - 2025 Q1 - Quarterly Results

Revenue Growth - Record quarterly revenue of $279 million, up 125$210,891 thousand from $72,125 thousand, a 192.4$65,075 thousand from $49,394 thousand, a 31.7$279,219 thousand from $123,923 thousand, a 125.3$20.3 million[2] - Adjusted EBITDA improved significantly to $20,317 thousand from$984 thousand in the previous year[22] - Adjusted net income for the fiscal first quarter was $12.5 million, or$0.22 per diluted share[2] - Expected Q2 revenue between $235 and$245 million, and adjusted EBITDA between $17.5 and$18.5 million[4] - Full fiscal year adjusted EBITDA expected to be between $75 million and$80 million[5] Financial Outlook - Expected Q2 revenue between $235 and$245 million, and adjusted EBITDA between $17.5 and$18.5 million[4] - Raised full fiscal year 2025 revenue outlook to between $975 million and$1.025 billion[5] - Full fiscal year adjusted EBITDA expected to be between $75 million and$80 million[5] Expenses - Cost of revenue increased to $2,875 thousand from$2,052 thousand, reflecting a 40.1% year-over-year growth[19] - Product development expenses rose to $1,046 thousand from$773 thousand, a 35.3% increase[19] - Sales and marketing expenses grew to $1,095 thousand from$640 thousand, up 71.1%[19] - General and administrative expenses surged to $3,391 thousand from$1,810 thousand, an 87.3% increase[19] Cash Flow and GAAP Loss - Net cash used in operating activities was $(13,706) thousand, compared to$(4,973) thousand in the prior year[20] - Normalized free cash flow improved to $18,065 thousand from$(4,971) thousand in the prior year[23] - GAAP loss for the fiscal first quarter was $1.4 million, or$(0.02) per diluted share[2]