earnings
confidence high
sentiment negative
materiality 0.70
MediaAlpha Q3 revenue $89M (-42% YoY); net loss widens to $21.2M
MediaAlpha, Inc.
2022-Q3 EPS reported
-$0.74
revenue$335,065,000
- Revenue $89.0M, down 42% YoY; Transaction Value $146.7M, down 42%.
- Property & Casualty TV $83M (-53% YoY); Health TV $46M (-5% YoY).
- Net loss $(21.2)M vs $(4.3)M prior year; Adjusted EBITDA $2.2M vs $13.8M (-84%).
- Gross margin 14.2% (down from 16.1%); Contribution margin 17.4% (up from 17.1%).
- CEO cites P&C carrier loss-cost inflation; expects improvement when profitability recovers.