QuinStreet, Inc.

Thank you, Jenny, and thank you to everyone joining us as we report Quinn Street's first quarter fiscal year 2022 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 8K filing made today and our most recent 10K filing. 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. The 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. Welcome, everyone. We continue to demonstrate the power of our footprint and advantages in FYQ1 and to separate ourselves throughout performance. No one else in our markets has our breadth and depth of advantages and capabilities for long-term success. We expect the trend of strong absolute and relative performance to continue as we ramp toward the full effects of our long-term investments in product, technology, and market initiatives. Our markets are growing. And we believe we are gaining share in every one of them. All of our client verticals grew at at least double digit rates year over year in fiscal Q1, including auto insurance. We are raising our outlook for full fiscal year 2022. We now expect revenue to be between 650 and $670 million. And adjusted EBITDA could be between $65 million and $67 million. The raise is driven by, one, specific indications from auto insurance clients of budget increases in the January to June period. Two, stronger than expected momentum in our credit-driven client verticals. And three, the acceleration of growth initiatives across the business, including QRP. Our full year outlook fully reflects the expected impact on auto insurance marketing budgets from increased claim costs, including from Hurricane Ida, whose losses were significantly greater than expected.

For the December quarter,