QuinStreet Reports Q2 Revenue of $287.8M
Reports Q2 revenue $287.8M, consensus $275.1M. "Fiscal Q2 was another productive and successful quarter," commented Doug Valenti, CEO of QuinStreet. "We exceeded our outlook for both revenue and adjusted EBITDA, and we continued to make good progress on needle-moving initiatives across the business. Our set-up for continued, long-term revenue growth and margin performance has never been better. We completed the acquisition of HomeBuddy in early January, adding important new product and media footprints for growth at scale to our massive Home Services market opportunity. Auto Insurance demand remained strong again in fiscal Q2, with sequential performance besting historical seasonality trends. Our progress applying AI across the business and thriving in a more AI-driven ecosystem has been strong and impressive. We continue to expect that AI will lead to increased opportunities in our already big and fast-growing markets. We continue to expect to disproportionately benefit from AI due to our structured proprietary integrations and data, and to our long history of successfully applying AI as a competitive advantage."
