---
schema_version: "secwatch.filing_event.v1"
accession: "0001818383-22-000061"
form_type: "8-K"
ticker: "MAX"
cik: "0001818383"
company_name: "MediaAlpha, Inc."
filed_at: "2022-05-05T23:59:59+00:00"
generated_at: "2026-06-25T23:56:59.761567+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# MediaAlpha Q1 revenue $142.6M (-18% YoY); net loss $9.8M vs net income $0.2M

## Summary
- 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.

## SEC filing metadata
- accession: 0001818383-22-000061
- form_type: 8-K
- ticker: MAX
- cik: 0001818383
- company_name: MediaAlpha, Inc.
- filed_at: 2022-05-05T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1818383/000181838322000061/0001818383-22-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1818383/000181838322000061/max-20220505.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001818383-22-000061
- JSON: https://secwatch.observer/filing/0001818383-22-000061.json
- Plain text: https://secwatch.observer/filing/0001818383-22-000061.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.