Mediaalpha Inc Stock Price, News & Analysis

MediaAlpha, Inc. (NYSE: MAX) is set to release its first quarter 2023 financial results on May 4, 2023, 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) to discuss these results. Investors can access a live webcast on the MediaAlpha Investor Relations website and participate via dial-in numbers, toll-free at (888) 330-2022 or (646) 960-0690, using passcode 3195092. An audio replay will be available for two weeks post-call.

MediaAlpha reported its Q4 2022 revenue at $124 million, a 23% decrease year-over-year, while full-year revenue fell 29% to $459 million. Transaction Value also declined 31% to $169 million in Q4, with the full year at $738 million, down 28%. Notably, Transaction Value from Property & Casualty dropped 53% in Q4, totaling $57 million, but Health insurance remained stable at $99 million. Looking forward, Q1 2023 guidance estimates Transaction Value between $180 million and $195 million, reflecting a 22% year-over-year decline. CEO Steve Yi remains cautiously optimistic about recovery in the P&C vertical.

MediaAlpha, Inc. (NYSE: MAX) will release its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A Q&A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss these results. Investors can access the live webcast on MediaAlpha’s Investor Relations website at https://investors.mediaalpha.com. Participants may also join by phone, toll-free at (888) 330-2022 or (646) 960-0690, using passcode 3195092. An audio replay will be available for two weeks following the call.

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.