Welcome to our dedicated page for Quinstreet news (Ticker: QNST), a resource for investors and traders seeking the latest updates and insights on Quinstreet stock.
QuinStreet Inc. (QNST) delivers performance marketing solutions for financial services and home services industries through advanced digital strategies. This page provides centralized access to official press releases and news updates, offering stakeholders timely insights into corporate developments.
Investors and industry professionals will find comprehensive coverage of earnings announcements, strategic partnerships, product innovations, and operational milestones. Our curated collection ensures easy access to verified information directly impacting market positioning and business strategy.
Key updates include quarterly financial results, leadership changes, technology advancements in customer acquisition platforms, and market expansion initiatives. All content undergoes strict verification to maintain factual accuracy and relevance for decision-makers.
Bookmark this page for streamlined monitoring of QNST's evolving role in performance marketing. Check regularly for updates on initiatives driving measurable client outcomes through digital media optimization and lead generation technologies.
QuinStreet (Nasdaq: QNST) reported its fiscal Q4 and FY2024 results, highlighting a record quarterly revenue of $198.3 million, a 52% increase year-over-year (YoY). Despite a GAAP net loss of $(2.2) million for the quarter, the company achieved an adjusted net income of $6.5 million and an adjusted EBITDA of $11.0 million. For the fiscal year, revenue reached $613.5 million, up 6% YoY, with an adjusted EBITDA of $20.4 million. QuinStreet's cash position remains strong at $50.5 million with no bank debt.
Key growth drivers included a significant re-ramp in Auto Insurance revenue, which soared over 200% YoY, and strong performance in other verticals such as Non-Insurance Financial Services and Home Services, which grew 13% and 12% YoY, respectively. QuinStreet projects continued momentum into FY2025, expecting revenue between $800-$850 million and adjusted EBITDA between $50-$60 million.
QuinStreet (Nasdaq: QNST), a leader in performance marketplaces and technologies for the financial services and home services industries, has announced it will report its fiscal fourth quarter and full year 2024 financial results on Thursday, August 8, 2024, after market close. The company will hold a conference call and webcast at 2:00 PM PT on the same day to discuss the results.
Interested parties can access the conference call by dialing +1 800-717-1738 (domestic) or +1 646-307-1865 (international). A replay will be available using +1 844-512-2921 (domestic) or +1 412-317-6671 (international) with passcode 1170966. The webcast can be accessed at http://investor.quinstreet.com/.
Credit card delinquency rates have surged to 9% over the past year, per Federal Reserve data. In response, credit card issuers are cutting consumer credit limits to mitigate risks. Key factors driving these decreases include poor economic conditions, overspending, and late payments. CardRatings.com, a credit card review site, advises that these credit limit cuts can negatively impact consumers' credit scores due to increased credit utilization ratios. To counteract this, they recommend paying down existing balances and reducing overall spending. Jennifer Doss, executive editor at CardRatings, underscores the importance of these strategies for maintaining credit health.
Credit card debt saw a $14 billion decline in Q1 2024, dropping from $1.129 trillion at the end of 2023. However, total consumer debt rose by $184 trillion during the same period, suggesting that Americans might be shifting their debt from credit cards to other forms. CardRatings.com discusses this trend and offers insights into credit card refinancing and balance transfer options. Executive editor Jennifer Doss notes that while reducing credit card debt is positive, the overall rise in total debt indicates ongoing financial struggles for many. CardRatings provides advice on using balance transfer credit cards to manage debt more effectively.
QuinStreet, a leader in performance marketplaces and technologies for financial and home services industries, has announced its participation in two upcoming investor conferences.
These include the B. Riley Securities 24th Annual Institutional Investor Conference on May 22 at the Beverly Hilton Hotel in California, and the BMO Insurance Summit on June 13 at the Lotte New York Palace in New York.
Management will discuss the company's performance momentum, market opportunities, and business model with investors.
QuinStreet, Inc. (Nasdaq: QNST) will participate in upcoming investment conferences to discuss performance momentum, market opportunity, and business model with investors. The Company will be attending the 2024 Needham Technology, Media, and Consumer Conference on May 14 in New York and the Barrington Research Virtual Spring Investment Conference on May 16.
QuinStreet, Inc. (Nasdaq: QNST) reported revenue of $168.6 million with a GAAP net loss of $(7.0) million for the fiscal third quarter ended March 31, 2024. Adjusted net income was $3.4 million, and adjusted EBITDA was $7.9 million. The company highlighted growth in Auto Insurance revenue, expecting further expansion in FYQ4 and fiscal year 2025. QuinStreet projects revenue between $180-190 million for FYQ4, implying significant growth over the previous year.
Modernize Home Services, a leading marketing platform, has expanded its offerings to include water treatment services in response to the growing demand for clean and safe water in US households. This strategic move aims to provide homeowners with access to top-quality water treatment solutions through a user-friendly platform. By collaborating with leading water treatment companies, Modernize ensures homeowners can find trusted professionals for installing and maintaining whole-home water filtration systems, water softening systems, and more. This expansion not only broadens Modernize's service portfolio but also supports healthier and cleaner water for families nationwide.
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