QuinStreet Inc (NASDAQ:QNST) Q1 2025 Results Conference Call November 4, 2024 5:30 PM ET
Company Participants
Robert Amparo - IR
Doug Valenti - CEO
Greg Wong - CFO
Conference Call Participants
John Campbell - Stephens
Jason Kreyer - Craig Hallum
Zach Cummins - B. Riley
Eric Martinuzzi - Lake Street
Chris Sakai - Singular Research
Patrick Sholl - Barrington Research
Operator
Good day, and welcome to QuinStreet’s Fiscal First Quarter 2025 Financial Results Conference Call. Today’s conference is being recorded. Following the prepared remarks there will be a Q&A session. [Operator Instructions]
At this time, I would like to turn the conference over to Senior Director of Investor Relations and Finance, Robert Amparo.
Mr. Amparo, you may begin.
Robert Amparo
Thank you, operator. And thank you, everyone, for joining us as we report QuinStreet’s fiscal first quarter 2025 financial results. Joining me on the call today are Chief Executive Officer, Doug Valenti; and Chief Financial Officer, Greg Wong.
Before we begin, I would 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 our most recent 10-Q filing. Forward-looking statements are based on assumptions as of today and the company undertakes no obligation to update these statements.
Today, we will be discussing both GAAP and non-GAAP measures. A reconciliation of GAAP to non-GAAP financial measures is included in today’s earnings press release, which is available on our Investor Relations website at investor.quinstreet.com.
With that, I will turn the call over to Doug Valenti. Please go ahead, sir.
Doug Valenti
Thank you, Rob. Welcome, everyone.
Fiscal year 2025 first quarter revenue grew 125% year-over-year and 41% sequentially. Adjusted EBITDA jumped to over $20 million in the quarter. The strong results were driven by the broad-based ramp of auto insurance carrier budgets and by our expanded client, media and product footprints.
Auto Insurance revenue grew 664% year-over-year to a record level in the quarter. Total Financial Services revenue grew 192% and Home Services revenue grew 32%. The outlook for Auto Insurance going forward remains strong. Carriers continue to report good results overall and from our channel. We are focused on increasing and optimizing media supply to meet surging carrier demand. Those efforts should eventually further expand margins.