secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2023-02-23T23:59:59+00:00
Accession:  0001818383-23-000027
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha Q4 revenue $124M (-23% YoY); net loss widens to $28.4M; sees P&C recovery in Q1 2023
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838323000027/0001818383-23-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838323000027/max-20230223.htm
  HTML page:      https://secwatch.observer/filing/0001818383-23-000027

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