QuinStreet, Inc.

Ladies and gentlemen, good day and welcome to the Quinn Street Third Quarter Fiscal 2021 Financial Results Conference Call. Today's conference is being recorded. At this time, I would like to turn the conference over to Mr. Hayden Blair, Investor Relations at Quinn Street. Please go ahead, sir.

Thank you, David, and thank you to everyone joining us as we report Quinn Street's Third Quarter of Fiscal Year 2021 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 filing made today and our 10-K filing made on August 28, 2020. 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 are 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.

Thank you, Hayden, and thank you all for joining us today. Our business momentum and execution continue to be strong. We delivered excellent numbers once again last quarter as a result. Revenue excluding divested businesses grew 39% year over year. Adjusted EBITDA grew 65%. Cash flow was strong, and we continue to maintain a strong balance sheet.