earnings
confidence high
sentiment negative
materiality 0.75
MediaAlpha Q1 revenue $142.6M (-18% YoY); net loss $9.8M vs net income $0.2M
MediaAlpha, Inc.
2022-Q1 EPS reported
-$0.17
revenue$142,599,000
- Revenue of $142.6M, down 18% YoY; transaction value $239M, down 9%.
- Net loss of $9.8M vs net income $0.2M in Q1 2021; adjusted EBITDA $7.1M (-57% YoY).
- P&C vertical transaction value fell 19% to $148M; Health vertical up 20% to $60M.
- Gross margin flat at 15.2%; contribution margin 16.5% vs 16.1% a year ago.
- CEO cites cyclical auto insurance advertising pullback and inflation uncertainty.