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. reports company developments tied to its performance marketplaces and technologies for the financial services and home services industries. The company’s updates center on digital media and online marketplace solutions that connect consumer search activity with brands and clients through measurable inquiries such as clicks, leads, calls, applications, and customers.
Recurring news themes include quarterly operating results, auto insurance marketplace demand, Home Services growth, AI optimization across media and performance marketing, and integration activity following the completed HomeBuddy acquisition into Modernize Home Services. Company announcements also cover capital actions such as credit facilities, investor conference participation, and management commentary on marketplace activity and margin performance.
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QuinStreet, Inc. (Nasdaq: QNST) will participate in the William Blair InsureTech Conference on August 13, 2020, focusing on the 'Changing Nature of Auto'. The virtual panel is set for 6 am PT, with management available for one-on-one meetings afterward. The company aims to discuss its performance momentum, market opportunity, and business model with investors.
QuinStreet is renowned for matching searchers with brands in digital media, providing essential information and tools for consumers.
QuinStreet, Inc. (Nasdaq: QNST) reported Q4 and FY2020 financial results on August 5, 2020. Q4 revenue was $117.0 million, up 3% year-over-year excluding divested businesses. GAAP net income for Q4 was $1.5 million or $0.03 per diluted share, with adjusted net income of $7.4 million or $0.14 per share. Fiscal year revenue reached a record $490.3 million, 15% higher year-over-year. Strong performance in Auto Insurance (up 47%) and Home Services (up 29%) offset declines in credit-driven sectors. The company ended the year with $107.5 million in cash.
QuinStreet, Inc. (Nasdaq: QNST) will announce its fourth quarter and fiscal year 2020 financial results on August 5, 2020, after market close. A conference call will be held at 2:00 PM PT to discuss these results. Investors can access the call by dialing +1 800-353-6461 for domestic or +1 334-323-0501 for international participants using passcode 3216055. The results will provide insights into the company’s performance and future outlook.
QuinStreet, Inc. (Nasdaq: QNST) has acquired Modernize, a leader in home improvement performance marketing, for $67.5 million. This strategic acquisition will position Modernize as QuinStreet's flagship brand in home services, targeting a market worth over $200 billion. Modernize Home Services will operate across high-value segments, connecting homeowners with a network of over 1,000 contractors. The acquisition is projected to contribute $50-60 million to QuinStreet's FY2021 revenue, enhancing EBITDA margins. Details will be provided in the upcoming Q4 earnings call.
Insurance.com, a QuinStreet website, reveals findings from a survey of 1,000 drivers about distracted driving behaviors. Key insights show that 24% of drivers are distracted by texting, 20% by navigation systems, and 16% by children in the car. Distracted driving significantly impacts insurance costs, with average increases of 22% for distracted driving tickets, 23% for texting tickets, and 32% for at-fault accidents. The report emphasizes the growing concern of distracted driving, highlighted by 87% of respondents believing it has worsened over the past two years.