Quinstreet, Inc. (NASDAQ:QNST) Q4 2022 Earnings Conference Call August 3, 2022 5:00 PM ET
Company Participants
Hayden Blair - Senior Manager, Finance & IR
Douglas Valenti - Chairman, President & CEO
Gregory Wong - CFO
Conference Call Participants
John Campbell - Stephens Inc.
James Goss - Barrington Research Associates
Joichi Sakai - Singular Research
Operator
Good day, and welcome to the QuinStreet Fourth Quarter and Fiscal Year 2022 Financial Results Conference Call. Today's conference is being recorded.
At this time, I'd like to turn the conference over to QuinStreet Investor Relations. Please go ahead.
Hayden Blair
Thank you to everyone joining us as we report QuinStreet's Fourth Quarter And Fiscal Year 2022 Financial Results. Joining me on the call today are Chief Executive Officer, Doug Valenti; and Chief Financial Officer, Greg Wong.
Before we begin, I'd like to remind you that the following discussion will contain forward-looking statements. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those projected by such statements and are not guarantees of future performance. Factors that may cause results to differ from our forward-looking statements are discussed in our recent SEC filings, including our most recent 8-K filing made today and upcoming 10-K. Forward-looking statements are based on assumptions as of today and the company undertakes no obligation to update these statements. Today we'll be using both GAAP and non-GAAP financial measures. A reconciliation of GAAP to non-GAAP financial measures are included in today's earnings press release, which is available on our Investor Relations website at investor.quinstreet.com.
With that, I'll turn the call over to Doug Valenti. Please go ahead, sir.
Douglas Valenti
Thank you, Hayden. Welcome, everyone. As indicated in our press release, fiscal Q4 played out pretty much as expected. Monthly auto insurance revenue in the quarter stabilized at a level generally flat with February and March. Results in auto insurance are likely to continue to essentially bounce along the bottom for the next couple of quarters as carriers continue the process of raising their rates in response to inflation and supply chain pressures. We expect a positive inflection in auto insurance marketing budgets and revenue in January as one, carrier combined ratios reset for the new calendar year; and two, consumer shopping for insurance increases in reaction to the higher rates. Our noninsurance pipe vertical revenue results were good. We grew revenue there at a strong double-digit rate year-over-year.