secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001818383-22-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838322000061/0001818383-22-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838322000061/max-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001818383-22-000061

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer