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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 (NYSE: MAX) has scheduled its first quarter 2025 financial results announcement for Wednesday, April 30, 2025 after market close. The company will hold a Q&A conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day to discuss the results.
Investors can access the live webcast through MediaAlpha's Investor Relations website at investors.mediaalpha.com. For those preferring to dial in, toll-free numbers are available at (800) 715-9871 or (646) 307-1963, with conference ID 9885411. An audio replay will be accessible on the company's investor relations website following the call.
MediaAlpha (NYSE: MAX) has appointed Bradley Hunt to its Board of Directors. Hunt brings over 20 years of leadership and marketing experience, including 18 years at UnitedHealth Group (UHG). He most recently served as CEO of UHG's Optum Rx Home Delivery Pharmacy and previously held positions as Senior VP of Strategic Initiatives and Chief Marketing Officer for Government Programs.
The appointment is part of a Board transition following MediaAlpha's change from controlled company status in May 2024. Current board member Jennifer Moyer will not seek reelection when her term expires in May 2025. Board Chair Kathy Vrabeck expressed confidence that Hunt's expertise in customer acquisition and marketing strategy, particularly in health insurance, will help advance MediaAlpha's market position and enhance long-term shareholder value.
MediaAlpha (NYSE: MAX) has appointed Keith Cramer as its Chief Revenue Officer (CRO), a newly created position focused on driving the company's next growth phase. Cramer, who joined MediaAlpha in 2014, previously served as Senior Vice President, Supply Partnerships and Head of Property & Casualty. During his 11-year tenure, he has been instrumental in:
- Scaling the company's Property & Casualty Insurance vertical
- Developing new marketplace solutions
- Building strong partner relationships
CEO Steve Yi emphasized Cramer's role in the company's evolution from a disruptive newcomer to an industry leader, highlighting his leadership and industry expertise as important for future growth and partnership strengthening.
MediaAlpha (NYSE: MAX) reported strong financial results for Q4 and full year 2024. Q4 revenue grew 157% to $300.6 million, with Transaction Value up 202% to $499.2 million. The Property & Casualty vertical showed exceptional performance, with Transaction Value increasing 639% to $401 million.
Full-year 2024 results included revenue growth of 123% to $864.7 million and Transaction Value growth of 151% to $1.5 billion. The company achieved net income of $22.1 million, compared to a net loss of $56.6 million in 2023. Adjusted EBITDA reached a record $96.1 million.
For Q1 2025, MediaAlpha projects Transaction Value of $415-440 million (95% YoY increase), revenue of $225-245 million (86% YoY increase), and Adjusted EBITDA of $24.5-26.5 million (77% YoY increase). The company noted a $7.0 million reserve related to ongoing FTC settlement discussions.
MediaAlpha (NYSE: MAX) has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
A live webcast will be available on MediaAlpha's Investor Relations website, and participants can also join via phone using the toll-free numbers (800) 715-9871 or (646) 307-1963, with conference ID 7502416. An audio replay will be available on the company's investor relations website following the call.
MediaAlpha (NYSE: MAX) reported strong Q3 2024 financial results with revenue reaching $259.1 million, up 247% year over year. The company's Transaction Value increased 314% to $451.8 million, driven by a 766% growth in Property & Casualty insurance to $387 million. Net income was $11.9 million, compared to a net loss of $(18.7) million in Q3 2023. Adjusted EBITDA rose to $26.3 million from $3.6 million year over year. For Q4 2024, MediaAlpha expects Transaction Value between $470-495 million and revenue between $275-295 million, with Adjusted EBITDA projected at $29.5-32.5 million.
MediaAlpha, Inc. (NYSE: MAX) has announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
A live webcast of the call will be available on MediaAlpha's Investor Relations website. Participants can register for the webcast or dial in toll-free at (800) 715-9871 or (646) 307-1963, with passcode 2616289. An audio replay of the conference call will be accessible for two weeks following the call on the company's investor relations website.
MediaAlpha (NYSE: MAX) and Insurify have extended their publishing partnership with a new multi-year agreement. This collaboration allows MediaAlpha's programmatic customer acquisition platform to connect leading auto and home insurance carriers with Insurify's high-intent shoppers. The partnership, which began in 2015, has contributed to Insurify's business growth of over $200 billion in insurance policy sales.
As the auto insurance market recovers, MediaAlpha aims to help Insurify scale rapidly to meet growing demand from carriers transitioning to digital direct-to-consumer distribution. Insurify, one of MediaAlpha's largest supply partners, enables carriers to market to a diverse mix of highly qualified insurance shoppers, supporting its mission to empower consumers in finding the best insurance policies.
MediaAlpha (NYSE: MAX), the leading programmatic customer acquisition platform for the insurance industry, has announced its participation in the Goldman Sachs Communacopia + Technology Conference in San Francisco. Co-Founder and CEO Steve Yi and CFO Pat Thompson will engage in a fireside chat on September 12th at 10:10am PT.
The event will be webcast live on MediaAlpha's Investor Relations website at https://investors.mediaalpha.com. For those unable to attend in person, a replay of the presentation will be made available shortly after the conference concludes, providing investors and interested parties with an opportunity to gain insights into the company's strategies and performance.
The Schall Law Firm announces an investigation into MediaAlpha, Inc. (NYSE:MAX) for potential securities law violations. The probe stems from a Wolfpack Research report published on June 24, 2024, titled 'MAX: Our Investigation Reveals MAX Is Participating in Consumer Fraud.' The report alleges that MediaAlpha engages in deceptive practices to obtain consumer information for health insurance leads, claiming that up to 78% of MediaAlpha's Health Insurance lead-buying partners may be involved in fraudulent activities or violating telemarketing laws. Shareholders who suffered losses are encouraged to participate in the investigation. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation.