8-K
filed February 27, 2023, 6:59 PM ET
ticker EVER
CIK 0001640428
earnings
confidence high
sentiment negative
materiality 0.70
EverQuote Q4 revenue $88.3M (-13% YoY); FY22 net loss $24.4M; guides Q1 rev $101-105M
EverQuote, Inc.
2022-FY EPS reported
-$0.77
revenue$404,127,000
- Q4 revenue $88.3M, down 13% YoY; auto insurance vertical $67.2M (-5%).
- Q4 GAAP net loss $8.5M (flat YoY); Adjusted EBITDA $0.1M vs $0.5M prior year.
- Full year 2022 revenue $404.1M (-3%); net loss $24.4M vs $19.4M prior.
- Q1 2023 guidance: revenue $101-105M, VMM $31.5-33.5M, Adj EBITDA $2-4M.
- Full year 2023 guidance: revenue $420-435M, Adj EBITDA $7-13M.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EverQuote, Inc. reported FY 2022 results: revenue $404.1 million, net income -$24.4 million.
- Period
- FY 2022
- Revenue
- $404.1 million
- Net income
- -$24.4 million
- Result
- reported results
Exact text from the filing
• Total revenue of $404.1 million, a decrease of 3%. • Automotive insurance vertical revenue of $324.4 million, a decrease of 2%. • Revenue from other insurance verticals, which includes home and renters, life, and health insurance, decreased 9% to $79.7 million. • Variable Marketing Margin of $128.3 million, a decrease of 1%. • Variable Marketing Margin as a percentage of revenue was a record 31.7%, driven by the strength of our traffic operations. • GAAP net loss increased to $24.4 million, compared to GAAP net loss of $19.4 million. • Adjusted EBITDA was $5.9 million, compared to Adjusted EBITDA of $14.6 million. • DTCA generated $51.4 million in revenue, or 12.7% of total revenue, while driving significant improvements in operational efficiency.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EverQuote, Inc. reported FY 2023 results: revenue $420 - $435 million. Guidance initiated.
- Period
- FY 2023
- Revenue
- $420 - $435 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
Full Year 2023: • Revenue of $420 - $435 million. • Variable Marketing Margin of $132 - $140 million. • Adjusted EBITDA of $7 - $13 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EverQuote, Inc. reported Q1 2023 results: revenue $101 - $105 million. Guidance initiated.
- Period
- Q1 2023
- Revenue
- $101 - $105 million
- Guidance
- initiated
- Result
- guidance update
Exact text from the filing
First Quarter 2023: • Revenue of $101 - $105 million. • Variable Marketing Margin of $31.5 - $33.5 million. • Adjusted EBITDA of $2 - $4 million.
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.95
EverQuote, Inc. reported Q4 2022 results: revenue $88.3 million, net income -$8.5 million.
- Period
- Q4 2022
- Revenue
- $88.3 million
- Net income
- -$8.5 million
- Result
- reported results
Exact text from the filing
• Total revenue of $88.3 million, a decrease of 13%. • Automotive insurance vertical revenue of $67.2 million, a decrease of 5%. • Revenue from other insurance verticals, which includes home and renters, life, and health insurance, decreased 33% to $21.1 million. • Variable Marketing Margin of $29.1 million, a decrease of 12%. • GAAP net loss was $8.5 million, flat with the prior year period.
View on SEC.gov
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