QuinStreet shares rise 12.31% after-hours as acquisition of HomeBuddy expands home services platform.

QuinStreet surged 12.31% in after-hours trading following the announcement of a definitive agreement to acquire HomeBuddy for $190 million, comprising $115 million in cash at closing and $75 million in post-closing payments over four years. The acquisition, expected to close in early 2026, is projected to add at least $30 million to QuinStreet’s adjusted EBITDA in the first year post-transaction, with HomeBuddy’s $141 million annual revenue and high-intent lead generation capabilities enhancing QuinStreet’s Modernize Home Services platform. The deal expands the company’s market footprint, integrates complementary digital media and client networks, and strengthens its position in the $522 billion home improvement sector. Management highlighted synergies in demand-generation and performance marketing, positioning the acquisition as a catalyst for scalable growth.