Mediaalpha Inc Stock Price, News & Analysis

MediaAlpha, Inc. (NYSE: MAX) reported third-quarter 2022 revenue of $89 million, down 42% year over year, alongside a net loss of $21.2 million. Transaction Value decreased 42% to $147 million, with Property & Casualty down 53% to $83 million. Despite these declines, CEO Steve Yi noted expectations of capturing a larger share of marketing when carrier profitability improves. For Q4 2022, the company expects a further decline in Transaction Value and revenue, projecting revenue between $110-$120 million, and Adjusted EBITDA declining to $5-$7 million.

MediaAlpha, Inc. (NYSE: MAX) will release its third quarter 2022 financial results on November 3, 2022, after market close. A Q&A conference call will occur at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the live webcast via MediaAlpha's Investor Relations website. Participants are invited to dial in at (888) 330-2022 or (646) 960-0690 with passcode 3195092. An audio replay will be available for two weeks post-call.

MediaAlpha, Inc. (NYSE: MAX) reported Q2 2022 results showing a 34% year-over-year decline in revenue to $103.4 million and a 29% drop in transaction value to $182.9 million. The gross margin fell to 15.0% from 15.9% a year prior, while the net loss escalated to $(13.0) million compared to $(0.4) million in Q2 2021. Looking forward, MediaAlpha anticipates a 46% decline in transaction value and revenue for Q3 2022 amid ongoing challenges in the property & casualty sector. Adjusted EBITDA is expected between breakeven and $1.5 million, representing a 95% decline.

MediaAlpha, Inc. (NYSE: MAX) announced the release of its second quarter 2022 financial results on August 4, 2022, after market close. A Q&A conference call will occur at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day to discuss these results. The call will be accessible via a live webcast on the MediaAlpha Investor Relations website. Participants can also join by phone using toll-free numbers. An audio replay will be available for two weeks following the call.

MediaAlpha, Inc. (NYSE: MAX) has launched a new browse-and-buy feature on its MediaAlpha for Agents platform, revolutionizing the process for insurance agents. This option allows agents to purchase leads on a cost-per-lead or cost-per-connection basis, improving flexibility and transparency. Agents can now view a real-time feed of available leads, ensuring they can acquire leads that might otherwise be missed. With high-quality leads vetted for quality, this initiative aims to enhance customer acquisition and agent satisfaction.

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.