Shares of QuinStreet Inc. (QNST) soared over 5% on November 5th, 2024, after the company reported outstanding fiscal first-quarter 2025 results and raised its full-year guidance, buoyed by exceptional growth in its auto insurance business.
For the quarter ended September 30, 2024, QuinStreet posted record revenue of $279.2 million, up a staggering 125% year-over-year and 41% sequentially. The remarkable performance was driven by a 664% year-over-year surge in auto insurance revenue, which reached an all-time high.
Adjusted net income for the quarter stood at $12.5 million, or $0.22 per share, while adjusted EBITDA reached $20.3 million, reflecting the company's strong profitability.
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