Q4 2024 Quinstreet Inc Earnings Call Transcript
Key Points
- QuinStreet Inc (QNST) reported a record revenue of $198 million for fiscal Q4, marking a 52% year-over-year growth.
- The company experienced a significant re-ramp in auto insurance revenue, which grew over 200% year over year.
- Adjusted EBITDA increased by approximately 500% year over year, reaching over $11 million.
- QuinStreet Inc (QNST) has a strong balance sheet with over $50 million in cash and no bank debt.
- The company expects continued strong revenue growth and margin expansion in fiscal Q1 and the full fiscal year 2025.
- The auto insurance segment, despite its growth, operates at lower margins due to its scale and competitiveness.
- There is a potential impact from new TCPA regulations affecting 20% to 30% of the business, particularly in home services.
- The company remains cautious with its fiscal year guidance, indicating a conservative approach due to early-year uncertainties.
- Some significant carriers have not yet returned to their pre-COVID peak levels in terms of geographic and product coverage.
- The independent agency channel in auto insurance is still lagging, as they are just starting to get products back from carriers.
Good day, and welcome to QuinStreet's fiscal fourth quarter and full-year 2024 financial results conference call. Today's conference is being recorded. (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.
Thank you, operator, and thank you, everyone, for joining us. As we report QuinStreet's fiscal fourth quarter and full-year 2024 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
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