QuinStreet, Inc. Provides Financial Guidance for the First Quarter to Sep. 2021 and for the Full Year of June 2022
August 04, 2021 at 04:15 pm EDT
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QuinStreet, Inc. provided financial guidance for the first quarter to Sep. 2021 and for the full year of June 2022. The company expects the strong business momentum and performance to continue in fiscal first quarter and fiscal year 2022, with continued double-digit organic revenue growth. Revenue in the September quarter, is expected to be between $150 and $155 million, seasonally consistent with last quarter's outperformance and representing 20% year-over-year growth excluding divested businesses at the midpoint of the range.
Revenue for fiscal year 2022 is expected to be between $635 and $665 million, representing 15% year-over-year growth excluding divested businesses at the midpoint of the range.
QuinStreet, Inc. is engaged in providing performance marketplaces and technologies for the financial services and home services industries. The Company allows clients to engage intent digital media or traffic from a range of device types, in multiple formats or types of media, and in a range of cost-per-action (CPA) forms. Its primary products include qualified clicks, leads, calls, applications and customers. The Company specializes in customer acquisition for clients in high value, information-intensive markets, or verticals. Its media sources include owned-and-operated organic or search engine optimization websites, targeted search engine marketing (SEM) or pay-per-click (PPC) campaigns, social media and mobile programs, internal email databases, call center operations, partnerships with large and small online media companies, and more. It owns or accesses targeted media through business arrangements; runs advertisements or other forms of marketing messages and programs, and others.