{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-23-000027","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2023-02-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.745290+00:00","generated_at":"2026-06-19T03:14:26.552141+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MediaAlpha Q4 revenue $124M (-23% YoY); net loss widens to $28.4M; sees P&C recovery in Q1 2023","bullets":["Q4 revenue $124.0M, down 23% YoY; full year $459.1M, down 29% YoY.","Q4 net loss $(28.4)M vs $(4.0)M; Adjusted EBITDA $9.0M vs $13.2M.","P&C Transaction Value down 53% YoY to $57M in Q4; Health flat at $99M.","CEO says Q4 exceeded expectations; expects P&C Transaction Value to nearly double sequentially in Q1 2023.","Full year Transaction Value $737.5M, down 28% YoY."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-23-000027","json":"https://secwatch.observer/filing/0001818383-23-000027.json","markdown":"https://secwatch.observer/filing/0001818383-23-000027.md","text":"https://secwatch.observer/filing/0001818383-23-000027.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000027/0001818383-23-000027-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000027/max-20230223.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-19T03:14:26.552141+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"3f5ecdd038d6b48e924e716d33d2cad7d453db53","claim":"MediaAlpha, Inc. reported the fourth quarter ended December 31, 2022 results: revenue $124.0 million, net income $(28.4) million.","evidence_excerpt":"• Revenue of $124.0 million, a decrease of 23% year over year; • Transaction Value of $168.9 million, a decrease of 31% year over year; • Gross margin of 16.2%, compared with 15.7% in the fourth quarter of 2021; • Contribution Margin (1) of 18.5%, compared with 16.6% in the fourth quarter of 2021; • Net loss of $(28.4) million, compared with $(4.0) million in the fourth quarter of 2021; and • Adjusted EBITDA (1) of $9.0 million, compared with $13.2 million in the fourth quarter of 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000027/0001818383-23-000027-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2022"},{"label":"Revenue","value":"$124.0 million"},{"label":"Net income","value":"$(28.4) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"d496aecbd30d2e3a97422e1f807e347588d7259f","claim":"MediaAlpha, Inc. reported the full year ended December 31, 2022 results: revenue $459.1 million, net income $(72.4) million.","evidence_excerpt":"• Revenue of $459.1 million, a decrease of 29% year over year; • Transaction Value of $737.5 million, a decrease of 28% year over year; • Gross margin of 15.3%, compared with 15.7% in 2021; • Contribution Margin (1) of 17.6%, compared with 16.7% in 2021; • Net loss of $(72.4) million, compared with $(8.5) million in 2021; and • Adjusted EBITDA (1) of $22.9 million, compared with $58.2 million in 2021.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000027/0001818383-23-000027-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the full year ended December 31, 2022"},{"label":"Revenue","value":"$459.1 million"},{"label":"Net income","value":"$(72.4) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}