QuinStreet(US:QNST)2025-02-06 21:12Revenue Growth - Record revenue of $282.6 million for Q2 FY2025, up 130% year-over-year[4] - Auto insurance revenue increased by 615% year-over-year, contributing significantly to overall growth[9] - Non-insurance revenue grew by 15% year-over-year[9] - Net revenue for the three months ended December 31, 2024, was $282.6 million, a significant increase from $122.7 million in the same period of 2023, representing a growth of 130%[24] - Financial Services net revenue for Q4 2024 reached $219.934 million, a significant increase from $71.334 million in Q4 2023, representing a growth of 208%[34] - Home Services net revenue for Q4 2024 was $59.575 million, up from $49.333 million in Q4 2023, reflecting a growth of 21%[34] - Financial Services net revenue for the first half of 2024 was $430.825 million, compared to $143.458 million in the same period of 2023, marking a growth of 200%[34] - Home Services net revenue for the first half of 2024 reached $124.650 million, up from $98.728 million in the first half of 2023, showing a growth of 26%[34] - Total net revenue for the first half of 2024 was $561.815 million, a substantial increase from $246.606 million in the first half of 2023, representing a growth of 128%[34] Financial Performance - Adjusted net income of $11.9 million, or $0.20 per diluted share[4] - Adjusted EBITDA for Q2 FY2025 was $19.4 million[5] - Fiscal Q3 revenue guidance set between $265 million and $275 million[5] - Full fiscal year 2025 revenue outlook raised to between $1.065 billion and $1.105 billion[5] - Adjusted EBITDA guidance for FY2025 increased to between $80 million and $85 million[5] - Gross profit for the six months ended December 31, 2024, reached $55.2 million, compared to $14.5 million in the prior year, indicating an increase of 280%[24] - The net loss for the three months ended December 31, 2024, was $1.5 million, a reduction from a net loss of $11.6 million in the same period of 2023, showing an improvement of 87%[24] - Adjusted net income for the three months ended December 31, 2024, was $11.9 million, compared to a loss of $2.3 million in the same period of 2023[28] - Free cash flow for the three months ended December 31, 2024, was $35.9 million, compared to a negative free cash flow of $7.9 million in the same period of 2023[32] Assets and Equity - Total assets as of December 31, 2024, were $409.6 million, up from $368.5 million as of June 30, 2024[22] - Total stockholders' equity increased to $224.3 million from $216.8 million[22] - Cash, cash equivalents, and restricted cash at the end of the period totaled $57.9 million, up from $45.5 million at the end of December 2023[26] Operating Expenses - Operating expenses for the three months ended December 31, 2024, were $28.1 million, compared to $18.3 million in the same period of 2023, reflecting an increase of 53%[24] - The company reported stock-based compensation of $9.1 million for the three months ended December 31, 2024, compared to $6.1 million in the same period of 2023[28] Share Information - The weighted-average shares used in computing net loss per share for the three months ended December 31, 2024, were 56.3 million, compared to 54.8 million in the same period of 2023[24] Contingent Consideration - The company recognized a contingent consideration adjustment of $5 million for the three months ended December 31, 2024, contributing to the adjusted EBITDA of $19.4 million for the same period[30]