Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
EverQuote, Inc. reported fiscal quarter ended March 31, 2023 results: revenue $109.2 million, net income loss of $2.5 million.
- Period
- fiscal quarter ended March 31, 2023
- Revenue
- $109.2 million
- Net income
- loss of $2.5 million
- Result
- reported results
Exact text from the filing
First Quarter 2023 Financial Highlights: ( All comparisons are relative to the first quarter of 2022) • Total revenue of $109.2 million, a decrease of 1%. • Automotive insurance vertical revenue of $89.7 million, an increase of 2%. • Revenue from other insurance verticals, which includes home and renters, life, and health insurance, decreased 15% to $19.5 million. • Direct to consumer agency, or DTCA, revenue of $9.8 million, or 9% of total revenue. • Variable Marketing Margin of $35.6 million, an increase of 4%. • GAAP net loss improved to a loss of $2.5 million, compared to a GAAP net loss of $5.7 million. • Adjusted EBITDA increased to $5.4 million, compared to Adjusted EBITDA of $2.4 million.
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Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
EverQuote, Inc. reported Second Quarter 2023 and Full Year 2023 results: revenue $70 - $75 million. Guidance lowered.
- Period
- Second Quarter 2023 and Full Year 2023
- Revenue
- $70 - $75 million
- Guidance
- lowered
- Result
- guidance update
Exact text from the filing
Second Quarter and Full Year 2023 Outlook: Given the uncertainty of performance within the auto insurance industry and the exact timing of when carriers may restore their marketing budgets, the Company is withdrawing its previously provided full year 2023 guidance. For the second quarter 2023, EverQuote anticipates revenue, Variable Marketing Margin and Adjusted EBITDA to be in the following ranges: • Revenue of $70 - $75 million. • Variable Marketing Margin of $23 - $26 million. • Adjusted EBITDA of ($4) - ($1) million.
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