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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 CEO Steve Yi will participate in a virtual fireside chat at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference.
The event is scheduled for Wednesday, November 17, 2021, at 1:20 p.m. Eastern Time. A live webcast will be available and archived for a limited time on MediaAlpha's investor relations website, here.
MediaAlpha, Inc. (NYSE: MAX) has appointed Patrick Thompson as its new Chief Financial Officer, effective December 6, 2021. Thompson joins from Expedia Group, where he led significant finance operations over 11 years, managing billions in revenue. He is expected to enhance financial strategies at MediaAlpha, especially as online insurance shopping grows, providing new opportunities for customer acquisition. CEO Steve Yi praised Thompson's proven leadership and operational efficiency.
MediaAlpha, Inc. (NYSE: MAX) will release its third quarter 2021 financial results on November 10, 2021, after market close. The company has scheduled a Q&A conference call at 2:00 p.m. Pacific Time to discuss these results. Investors can access a live webcast of the call on MediaAlpha’s Investor Relations website. A replay of the conference call will be available for two weeks post-event. This announcement suggests the company is maintaining transparency with investors ahead of its earnings report.
MediaAlpha, Inc. (NYSE: MAX) will participate in a virtual fireside chat at Citi’s 2021 Global Technology Virtual Conference on September 14, 2021, at 3:30 p.m. Eastern Time. The chat will feature Steve Yi, Co-Founder and CEO, and Tigran Sinanyan, CFO. Investors can register for the event through a provided link. The presentation will be webcast live and made available for a limited time on MediaAlpha’s investor relations website. For further inquiries, investors can reach out via email.
MediaAlpha, Inc. (NYSE: MAX) reported strong second quarter results for 2021, with revenue of $157.4 million, representing a 27% increase year over year. Transaction Value surged by 46% to $256.5 million, marking the eighth consecutive quarter of over 40% growth. Despite a net loss of $(0.4) million, the company saw improvements in Adjusted EBITDA at $14.7 million, up from $13.2 million in Q2 2020. For Q3 2021, MediaAlpha anticipates revenue between $158 million - $165 million and a total year revenue forecast of $680 million - $710 million.
MediaAlpha, Inc. (NYSE: MAX) revealed its preliminary financials for the quarter ending June 30, 2021, as disclosed by White Mountains Insurance Group. The company reported total revenues of $157.4 million and total expenses of $157.8 million, resulting in a net loss of $(0.4) million. Total assets stood at $236.4 million, while total liabilities were $315.6 million. White Mountains holds approximately 28% ownership in MediaAlpha. The company plans to release detailed financial results on August 12, 2021.
MediaAlpha, Inc. (NYSE: MAX) announced its plans to release second-quarter financial results on August 12, 2021, after market close. A Q&A conference call will follow at 2:00 p.m. Pacific Time, available via live webcast on its Investor Relations website. Participants can also dial in toll-free. An audio replay will be accessible for two weeks post-call.
MediaAlpha, Inc. (NYSE: MAX) announced the resignation of CFO Tigran Sinanyan, effective October 1, 2021, as he pursues a management role at a private company. Sinanyan, who has been with MediaAlpha since its inception, will assist in the transition for three months. CEO Steve Yi expressed gratitude for Sinanyan's contributions, highlighted his role in the company's growth and IPO. Additionally, MediaAlpha reaffirmed its financial guidance for Q2 and the full year 2021, emphasizing stability amid leadership changes.
MediaAlpha, Inc. (NYSE: MAX) announced participation in virtual fireside chats at two investor conferences. Steve Yi, CEO, and Tigran Sinanyan, CFO, will speak at the 49th Annual J.P. Morgan Global Technology, Media and Communications Conference on May 25, 2021, at 4:25 p.m. ET, and the 41st Annual William Blair Growth Stock Conference on June 1, 2021, at 4:20 p.m. ET. Both presentations will be webcast live and archived on MediaAlpha’s investor relations website.
Investors can register for these events through provided links.
MediaAlpha, Inc. (NYSE: MAX) reported strong financial results for Q1 2021, with revenue growth of 45% year-over-year to $173.6 million and a Transaction Value increase of 58% to $262.5 million. Despite a decline in net income to $0.2 million from $8.8 million in Q1 2020, the company raised its full-year guidance for Transaction Value and Adjusted EBITDA. The outlook for Q2 anticipates revenue between $156 million - $161 million, reflecting 28% growth, and a full-year forecast of $680 million - $710 million in revenue, representing 19% growth.