QuinStreet(QNST) - 2025 Q1 - Quarterly Results

Revenue Growth - Record quarterly revenue of $279 million, up 125% YoY[1] - Auto insurance quarterly revenue increased by 664% YoY[1] - Home services quarterly revenue grew by 32% YoY[1] - Financial Services revenue grew 192% YoY in the quarter[3] - Financial Services revenue increased to $210,891 thousand from $72,125 thousand, a 192.4% growth[24] - Home Services revenue grew to $65,075 thousand from $49,394 thousand, a 31.7% increase[24] - Total net revenue rose to $279,219 thousand from $123,923 thousand, a 125.3% year-over-year growth[24] Adjusted EBITDA and Net Income - Adjusted EBITDA for the fiscal first quarter was $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]