MediaAlpha, Inc. reports developments tied to its programmatic customer acquisition platform for the insurance industry. The company connects insurance carriers with online shoppers through marketplaces serving property and casualty, health, life insurance and related categories, with revenue tied to consumer referrals sold through its platform.
Recurring updates include quarterly and annual results, transaction activity in insurance verticals, carrier participation, the Open Marketplace, AI-powered targeting and conversational insurance-shopping tools, share repurchases, board composition, governance matters and workplace-culture recognition.
MediaAlpha, Inc. (NYSE: MAX) is set to announce its fourth quarter and full year 2020 financial results on March 11, 2021, after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. PT (5:00 p.m. ET). Investors can access a live webcast of the call on MediaAlpha’s Investor Relations website. Additionally, participants can join the call by dialing in toll-free. An audio replay will be available for two weeks following the event.
MediaAlpha, Inc. (NYSE: MAX) reported a successful third quarter for 2020, achieving a revenue of $151.5 million, up 37% year-over-year, and a Transaction Value of $217.6 million, a 44% increase. Gross margin declined to 13.7% from 16.0% in the previous year, while net income decreased to $4.8 million from $7.8 million. The company forecasts fourth quarter revenues to be between $163 - $165 million, reflecting 30% year-over-year growth. MediaAlpha anticipates a robust full year 2020 with projected revenue between $558 - $560 million.
MediaAlpha, Inc. (NYSE: MAX) will report its third-quarter financial results on December 10, 2020, after market close. A Q&A conference call is scheduled for that day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results. Interested parties can access a live webcast on MediaAlpha’s Investor Relations website. A toll-free dial-in option is also available. An audio replay will be accessible for two weeks after the call.
MediaAlpha, Inc. (NYSE: MAX) has completed its initial public offering, selling 7,027,606 shares of Class A common stock at $19.00 per share. This total includes 769,104 shares sold under the underwriter's option. Additionally, an affiliate of White Mountains sold 3,609,894 shares, also with 618,396 shares sold under their option. The shares began trading on the NYSE on October 28, 2020. The offering was facilitated by several financial institutions, including J.P. Morgan and Citigroup, and was officially registered with the SEC on October 27, 2020.
MediaAlpha has announced the pricing of its initial public offering (IPO) of 9,250,000 shares of Class A common stock at $19.00 each. MediaAlpha will offer 6,258,502 shares while an affiliate of White Mountains will sell 2,991,498 shares. The shares are set to begin trading on the NYSE under the symbol 'MAX' on October 28, 2020, with the offering closing on October 30, 2020, pending customary conditions. Underwriters have a 30-day option to purchase up to an additional 1,387,500 shares. Key underwriters include J.P. Morgan and Citigroup.
White Mountains Insurance Group, Ltd. (NYSE: WTM) announced the pricing of MediaAlpha, Inc.'s initial public offering (IPO) of 9,250,000 shares at $19 each, set to trade on the NYSE under the ticker 'MAX' starting October 28, 2020. This IPO values MediaAlpha at approximately $1.2 billion. White Mountains will sell 2,991,498 shares and, post-offering, retain a 33% ownership stake valued at about $400 million. The offering is expected to close on October 30, 2020.
White Mountains Insurance Group announced that MediaAlpha has filed a registration statement on Form S-1 with the SEC for an initial public offering (IPO) of its Class A common stock. MediaAlpha aims to list its shares on the NYSE under the ticker MAX. Shares will be sold by MediaAlpha and an affiliate of White Mountains. The number of shares and pricing details remain undetermined, and the offering's completion is subject to market conditions. The registration statement is pending effectiveness and does not constitute an offer to sell these securities.