QuinStreet Q2 Revenue Hits $287.8M (+2%), Adjusted EBITDA Jumps 8%
QuinStreet’s Q2 revenue rose 2% year-over-year to $287.8 million, adjusted EBITDA increased 8% to $21.0 million, and operating cash flow reached $21.6 million with $107 million in cash and no debt. Management completed HomeBuddy acquisition and guides Q3 revenue of $330–340 million, adjusted EBITDA $26.5–30.5 million, and FY 2026 revenue of $1.25–1.3 billion with EBITDA of $110–115 million.
1. Strong Q2 Financial Performance
QuinStreet reported revenue of $287.8 million for the fiscal second quarter ended December 31, 2025, representing a 2% increase compared with the prior-year period. GAAP net income rose to $50.2 million, or $0.87 per diluted share, while adjusted net income reached $13.9 million, or $0.24 per diluted share. Adjusted EBITDA climbed 8% year-over-year to $21.0 million. Operating cash flow totaled $21.6 million, and the company ended the quarter with $107.0 million in cash and cash equivalents and no bank debt.
2. Operational Highlights and Market Trends
Auto insurance demand outperformed typical seasonal patterns, driven by improved lead conversion and higher advertiser spend. The financial services vertical maintained steady growth, supported by expanded search engine marketing investments and refined AI-powered user matching. In the home services segment, organic traffic to QuinStreet’s marketplaces increased 12% sequentially, reflecting strong consumer interest and enhanced SEO integrations implemented during the quarter.
3. HomeBuddy Acquisition Bolsters Home Services Footprint
In early January, QuinStreet completed its acquisition of HomeBuddy, a provider of lead-generation tools and media placements in the home improvement sector. The transaction adds approximately 15 million annualized unique visitors across digital properties and contributes an estimated $5 million in quarterly revenue at close. Management expects HomeBuddy to accelerate scale, extending QuinStreet’s addressable market in remodeling, landscaping and home maintenance categories.
4. Outlook and Forward Guidance
For the fiscal third quarter, management projects revenue between $330 million and $340 million, and adjusted EBITDA between $26.5 million and $30.5 million. Full-year revenue guidance now stands at $1.25 billion to $1.30 billion, with adjusted EBITDA of $110 million to $115 million. The company’s near-term ambition remains achieving a quarterly adjusted EBITDA margin of 10%, excluding the accretive effect of the HomeBuddy acquisition, and management continues to anticipate at least 10% revenue growth and 20% adjusted EBITDA growth year-over-year on a standalone basis.