Quinstreet, Inc (NASDAQ: QNST) reported Q4 EPS of $0.14, $0.10 better than the analyst estimate of $0.04. Revenue for the quarter came in at $116.96 million versus the consensus estimate of $106.29 million.

• For the fourth quarter, the Company reported revenue of $117.0 million. Revenue excluding divested businesses increased 3% year-over-year.
• GAAP net income for the fourth quarter was $1.5 million, or $0.03 per diluted share, and adjusted net income was $7.4 million, or $0.14 per diluted share.
• Adjusted EBITDA for the fourth quarter was $8.4 million, or 7% of revenue.
• For fiscal year 2020, the Company reported record total revenue of $490.3 million. Revenue excluding divested businesses increased 15% year-over-year.
• GAAP net income for the fiscal year was $18.1 million, or $0.34 per diluted share, and adjusted net income was $26.9 million, or $0.50 per diluted share.
• Adjusted EBITDA in fiscal year 2020 was $36.2 million, or 7% of revenue.
• For the fiscal year, the Company generated $47.6 million in operating cash flow and closed the year with $107.5 million in cash and equivalents.

"Fiscal Q4 was a successful quarter for the Company despite the complexities of dealing with Covid-19's impact on our clients, media and operations," commented Doug Valenti, CEO of QuinStreet. "We delivered better-than-expected results and made excellent progress on strategic and operating initiatives. We are narrowing our focus to our biggest and most attractive opportunities, and have returned functional excellence to our critical Product, Media and Client organizations. Overall, we believe that we are better positioned for long-term growth and performance than we have been in a decade."

"Revenue excluding divested businesses grew 3% year-over-year, and we delivered adjusted EBITDA of 7%. We also generated strong cash flow, ending the quarter with over $107 million in cash."

"Results in Auto Insurance and Home Services, our two largest businesses, were particularly strong. Auto Insurance revenue grew 47% year-over-year, and Home Services grew 29%. The strong results in Auto Insurance and Home Services offset weakness in our credit-driven client verticals, Personal Loans and Credit Cards, which continued to be negatively impacted by weak economic and employment conditions. As expected, those businesses declined significantly in the quarter."

"On the strategic front, we acquired Modernize to add to our scale and capabilities in Home Services, and narrowed our footprint further by divesting our Mortgage assets. The Modernize transaction closed just subsequent to quarter end."

"QRP continues to progress well. The pipeline strengthened in the quarter. Though still in early stages, we are also seeing good and growing implementation and usage activity with clients already launched."

"Turning to our outlook, forecasting specifics in these uncertain and unprecedented times remains challenging. That said, we expect the general trends of strength in Insurance and Home Services, and weakness in credit-driven client markets, to likely continue. Our current estimate is that revenue in fiscal Q1 will be between $125 and $130 million. We expect adjusted EBITDA margin to again be in the mid single digits," concluded Valenti.

For earnings history and earnings-related data on Quinstreet, Inc (QNST) click here.