EverQuote Q3 revenue falls 4% to $103.2M; raises full-year VMM and EBITDA guidance

EverQuote, Inc.

2022-Q3 EPS reported -$0.51 revenue$315,819,000

Q3 revenue $103.2M (-4% YoY); auto revenue $88.2M (-2%); other verticals $15.1M (-16%).
GAAP net loss widened to $6.5M from $5.3M; Adjusted EBITDA $2.0M vs $2.7M.
Q4 guidance: revenue $87-92M; VMM $27-30M; Adj EBITDA $(1.5)-$1.5M.
FY2022 VMM guidance raised to $126-129M (prev $116-122M); Adj EBITDA raised to $4-7M (prev $(7)-$(1)M).
CEO says company gained market share in auto downturn; driving operating efficiencies.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.98

EverQuote, Inc. reported the third quarter ended September 30, 2022 results: revenue $103.2 million, net income GAAP net loss of $6.5 million. Guidance initiated.

Period: the third quarter ended September 30, 2022
Revenue: $103.2 million
Net income: GAAP net loss of $6.5 million
Guidance: initiated
Result: reported results

Exact text from the filing

set forth by specific reference in such a filing. --- EX-99.1 (EX-99.1) --- EX-99.1 Exhibit 99.1 EverQuote Announces Third Quarter 2022 Financial Results • Total Revenue of $103.2 million • Variable Marketing Margin of $31.8 million • Company Continues to Drive Operating Efficiencies CAMBRIDGE, Mass., November 1, 2022 (GLOBE NEWSWIRE) — EverQuote, Inc. (Nasdaq:

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EverQuote, Inc. filing history →

Source: SEC EDGAR

accession 0001193125-22-274914

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