Shares of QuinStreet Inc. (QNST) surged over 33% in pre-market trading on November 5, 2024, after the online marketing services company reported record fiscal first-quarter 2025 results and raised its full-year guidance.
For the quarter ended September 2024, QuinStreet posted adjusted net income of $12.5 million, or 22 cents per share, beating Wall Street expectations of 15 cents per share. Revenue soared 125% year-over-year to a record $279.2 million, driven by a remarkable 664% jump in auto insurance revenue.
The strong performance prompted the company to raise its full fiscal year 2025 revenue guidance to a range of $975 million to $1.025 billion, up from its previous estimate of $800 million to $850 million. Adjusted EBITDA for the year is now expected to be between $75 million and $80 million.
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