QuinStreet, Inc.

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 10Q 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. A reconciliation of GAAP to non-GAAP financial measures is 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 Valentini.

Please go ahead, sir. Thank you, Rob. Welcome, everyone.

We delivered strong results again in the March quarter. Our fiscal Q3, growing revenue 60% year-over-year and adjusted EBITDA 145%. Financial services client vertical revenue grew 78% year-over-year, with auto insurance up 165%. Home services revenue grew 21% year-over-year to a new quarterly record. The continued strong results are due to the combination of our big market opportunities, exceptional value proposition, and strong competitive advantages, and to our execution-focused culture. As always, our results include investments in a long list of high-impact new product, media, and client expansion initiatives to fuel future performance. We expect to be able to continue to average double-digit year-over-year revenue and profit growth in the short and long term. We strengthened our financial position further in fiscal Q3, ending the quarter with over $80 million in cash and no bank debt. Growing cash flow and expanding margins continue to be top priorities and areas of active focus. Turning to our outlook, we are maintaining our full fiscal year 2025 outlook as we move into the June quarter, our fiscal Q4. Full fiscal year revenue is expected to be between $1.065 and $1.105 billion, implying revenue growth of at least 18% year-over-year in fiscal Q4. Full fiscal year adjusted EBITDA is expected to be between $80 and $85 million, implying adjusted EBITDA growth of at least 89% year-over-year in fiscal Q4. The implied outlook range for fiscal Q4 is wider than our usual outlook range, reflecting our view that tariffs and tariff-related uncertainties introduce risk and potential volatility to client spending. We are enthusiastic about our prospects, short and long term. We will continue to position Quinn Street to be resilient to a wide range of macroeconomic scenarios and to thrive as we pursue our big market opportunities. And we will prioritize expense and cash flow management, margin expansion, and maintaining a strong