Mediaalpha Inc Stock Price, News & Analysis

MediaAlpha (NYSE:MAX) has extended its partnership with The Zebra for four more years, enhancing monetization through exclusive access to insurance comparison ads. This agreement, which builds on a relationship dating back to 2015, allows insurance carriers to reach millions of The Zebra’s users. The deal aims to optimize revenue and improve consumer experiences by providing streamlined quote comparisons for auto and home insurance, leveraging MediaAlpha’s sophisticated advertising tools.

MediaAlpha, Inc. (NYSE: MAX) reported a first-quarter revenue of $143 million, an 18% decrease year-over-year. The total transaction value was $239 million, down 9% year-over-year, with Property & Casualty (P&C) declining 19% to $148 million, while Health insurance grew 20% to $60 million. The company experienced a net loss of $9.8 million, compared to a net income of $0.2 million in Q1 2021. Looking ahead, MediaAlpha anticipates a continued year-over-year decline, projecting Q2 revenue between $110 million - $120 million and transaction value between $180 million - $195 million.

MediaAlpha, Inc. (NYSE: MAX) announces its participation in two investor conferences: the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25 at 3:10 p.m. ET and the William Blair 42nd Annual Growth Stock Conference on June 8 at 12:00 p.m. CT. Live webcasts of these presentations will be available on the MediaAlpha Investor Relations website, allowing investors to access audio replays for two weeks post-event.

MediaAlpha, Inc. (NYSE: MAX) will announce its first-quarter 2022 financial results on May 5, 2022, after the market closes. A Q&A conference call will take place at 2:00 p.m. PT (5:00 p.m. ET) that same day to discuss the results. Investors can access the live webcast on the company's Investor Relations website. A toll-free dial-in option is available at (888) 330-2022. An audio replay will be accessible for two weeks post-call.

MediaAlpha, Inc. (NYSE: MAX) announced a new share repurchase program, approving up to $5.0 million for buying back its Class A common stock. The repurchases are anticipated to occur during the second and third quarters of 2022, reflecting management's confidence in the company's strong cash flow. The program aims to optimize shareholder value while allowing funds for organic growth and acquisitions. Repurchases will be funded through available cash and ongoing operations, with management determining the timing based on market conditions and other factors.

MediaAlpha (NYSE: MAX) reported Q4 2021 revenue of $162 million, a 15% decline year-over-year. The full-year revenue increased by 10% to $645 million. Transaction Value for Q4 was $245 million, down 5%; however, it rose 25% for the year to $1 billion. The Q4 Property & Casualty sector saw a 24% decline to $120 million, while the Health sector grew 29% to $99 million. The company's net loss for Q4 was $4 million, improved from a $13.2 million loss in 2020. CHT acquisition aims to strengthen their Health insurance vertical.

MediaAlpha, Inc. (NYSE: MAX) announced the release of its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. A conference call for Q&A regarding these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Interested parties can access the live webcast on MediaAlpha's Investor Relations website and may also participate via toll-free numbers. An audio replay will be available for two weeks following the call.

MediaAlpha, Inc. (NYSE: MAX) has announced that Steve Yi, Co-Founder and CEO, will host a virtual fireside chat at the Wolfe Research Inaugural Insurance Forum on December 2, 2021, at 12:30 p.m. Eastern Time. The event will be available for live streaming and will also be archived for a limited time on MediaAlpha’s investor relations website. Interested participants can register for the event through the provided link.

MediaAlpha, Inc. (NYSE: MAX) reported a 1% year-over-year revenue increase to $153 million for Q3 2021, highlighting a robust 17% growth in Transaction Value to $255 million. However, the Property & Casualty segment faced challenges, with revenue declining by 8%. The Health insurance sector saw a 25% growth in revenue. Despite these results, the company anticipates lower guidance for Q4 2021 due to reduced marketing investments from P&C partners, projecting an 18% revenue decline and a 23% drop in Adjusted EBITDA at midpoint.