QuinStreet Releases Record Fiscal Year 2009 Financial Results
A standout in the challenging economic environment, QuinStreet, Inc. -- the leader in vertical media and marketing online -- announces $261 million of annual revenue, 36% growth over 2008.
Foster City, CA (PRWEB) August 17, 2009 -- QuinStreet, Inc., the leader in vertical media and marketing online, announced revenues of $261 million and EBITDA of $57 million for its fiscal year ended June 30, 2009. This represents a 36% increase in revenues over 2008 and a 57% increase in EBITDA.
QuinStreet is a privately held company that has grown rapidly since launching its business in late 2000. It has been consistently profitable since reaching breakeven in 2002. The July 2008 to June 2009 period was no exception, despite the economic recession.
"We are more excited than ever about our long-term market opportunity to continue to help clients benefit from targeted, measured marketing on the Internet, and eventually in all digitized media," QuinStreet CEO, Doug Valenti stated. "Our vertical focus and scale allow us to deliver higher quality results in larger quantities than any other channel or source. Clients are responding by giving us more budget. Achieving record results in fiscal 2009 did not prevent us from making record investments in future capabilities."
Continued profitability allows QuinStreet to better serve its clients by investing in expanded media reach, and technologies and other capabilities that grow client return-on-investment and yield. QuinStreet's approach allows the Internet marketing leader to provide its clients with the most cost-effective results and large volumes of new prospects and customers.
"This past year we delivered one of the highest top-line growth rates across the technology sector, the result of our growing depth in existing verticals and our expansion into new ones," commented Kenneth Hahn, QuinStreet's CFO.
QuinStreet President, Bronwyn Syiek added, "Our clients report that we consistently provide the lowest cost of customer acquisition at scale for their businesses. Essentially, we have become their cheapest revenue source."
About QuinStreet, Inc.
QuinStreet, Inc. has been the leader in vertical media and marketing online since 1999, consistently delivering the right leads at the right volume to thousands of industry-leading clients.
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