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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, Inc. (NYSE: MAX) announced that Co-Founder and CEO Steve Yi will participate in a fireside chat at Canaccord Genuity's 44th Annual Growth Conference.
The event is scheduled for Tuesday, August 13th at 3:30pm ET in Boston, MA. A live webcast of the presentation will be available on MediaAlpha’s Investor Relations website (investors.mediaalpha.com), with a replay accessible shortly after the conference.
Contact for investors: Denise Garcia, Hayflower Partners (Denise@HayflowerPartners.com).
MediaAlpha (NYSE: MAX) reported strong financial results for Q2 2024, with revenue up 110% year-over-year to $178.3 million and Transaction Value increasing 156% to $321.8 million. The company's Property & Casualty vertical saw a remarkable 320% growth in Transaction Value, while the Health vertical grew by 9%. Net income reached $4.4 million, compared to a $20 million loss in Q2 2023. Adjusted EBITDA rose to $18.7 million from $3.6 million last year.
For Q3 2024, MediaAlpha projects Transaction Value between $415-$435 million (290% YoY increase), revenue of $240-$255 million (232% YoY increase), and Adjusted EBITDA of $22-$24 million (541% YoY increase). The company expects continued strong growth and market share gains in its Property and Casualty insurance vertical.
MediaAlpha (NYSE: MAX) has announced that it will release its second quarter 2024 financial results on Wednesday, July 31, 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 3956918. An audio replay of the conference call will be available for two weeks following the call on the company's investor relations website.
MediaAlpha, Inc. announced the closing of a secondary public offering of 7,590,000 shares of its Class A common stock by White Mountains Insurance Group and Insignia Capital Group at an offering price of $19.00 per share. J.P. Morgan and Goldman Sachs & Co. acted as joint bookrunners for the offering. MediaAlpha did not sell any shares and did not receive proceeds from the offering.
MediaAlpha, Inc. (NYSE: MAX) will present at the upcoming 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference and the 44th Annual William Blair Growth Stock Conference. The presentations will be webcast live and archived on MediaAlpha's investor relations website.
MediaAlpha, Inc. announced the pricing of a secondary public offering of 6,600,000 shares of its Class A common stock by certain selling stockholders at $19.00 per share. The offering is expected to close on May 10, 2024. MediaAlpha is not offering any shares and will not receive any proceeds from the offering.
MediaAlpha, Inc. announced a secondary public offering of 6,000,000 shares of its Class A common stock by Selling Stockholders, with an option for additional shares. MediaAlpha is not offering any shares in the offering, with all proceeds going to the Selling Stockholders. J.P. Morgan and Goldman Sachs are acting as joint bookrunners for the offering.
MediaAlpha, Inc. (NYSE: MAX) reported strong first quarter 2024 financial results with revenue of $126.6 million, up 13% year over year, and Transaction Value of $219.1 million, a 13% increase. With a focus on the Property & Casualty (P&C) vertical, the company saw significant growth and improvement in financial metrics. The CEO, Steve Yi, highlighted the positive start to the year, expecting to capitalize on the P&C market rebound. The company projects substantial growth in the second quarter, with Transaction Value in P&C estimated to be 60-70% higher than Q1 levels. Revenue is expected to increase by 77% year over year, with adjusted EBITDA projected to grow by 359% at the midpoint of the guidance range.
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