earnings
confidence high
sentiment negative
materiality 0.85
SelectQuote Q2 FY2022 net loss $137M; adj EBITDA $(163)M; cuts FY guidance
SelectQuote, Inc.
2022-Q2 EPS reported
-$1.12
revenue$352,508,000
- Revenue $195M vs $357.6M YoY; net loss $137M vs net income $89.9M YoY.
- Adjusted EBITDA $(163)M includes $145M negative cohort/tail adjustment on Senior segment.
- Senior segment revenue $158M, Adj EBITDA -$148.6M; MA approved policies up 27% YoY.
- Life segment revenue $32.8M, Adj EBITDA $1.85M; final expense premiums up 82%.
- FY2022 guidance: revenue $810-850M, Adj EBITDA $(260)-(235)M, net loss $(255)-(236)M.