earnings
confidence high
sentiment negative
materiality 0.85
EverQuote Q1 revenue $110.7M (+7% YoY) but Q2 guidance $92-97M; Adj EBITDA to swing to loss
EverQuote, Inc.
2022-Q1 EPS reported
-$0.19
revenue$110,681,000
- Revenue $110.7M (+7% YoY); auto vertical $87.7M (+4%), non-auto $23.0M (+19%).
- GAAP net loss widened to $5.7M from $3.8M; Adj EBITDA fell to $2.4M from $4.8M.
- DTCA revenue $14.8M (13% of total), up ~400%; health DTCA $9.9M vs $1.3M.
- Q2 2022 guidance: revenue $92-97M, VMM $24-27M, Adj EBITDA loss ($7)-($4)M.
- CEO cites persistent auto insurance market headwinds; expects improvement H2 2022, normalization H1 2023.