earnings
confidence high
sentiment negative
materiality 0.80
EverQuote Q3 revenue up 20% to $107.6M, but cuts FY guidance sharply on auto headwinds
EverQuote, Inc.
2021-Q3 EPS reported
-$0.38
revenue$316,448,000
- Revenue $107.6M (+20% YoY); GAAP net loss widened to $5.3M from $3.2M; Adj EBITDA fell to $2.7M from $5.2M.
- FY2021 revenue guidance lowered to $410-415M (from $440-446M); Adj EBITDA cut to $12.5-15.5M (from $23-26M).
- Q4 2021 guidance: revenue $93.5-98.5M, Adj EBITDA ($1.5)-$1.5M; VMM $30.5-33.5M.
- Company conducted ~10% reduction in non-marketing OpEx and shifted to new organizational model.
- Closed PolicyFuel acquisition (auto DTC agency); auto vertical challenged, non-auto/health expected to perform.