MediaAlpha Q2 revenue $84.8M (-18%), net loss $20.0M; execs adopt partial RSU comp

MediaAlpha, Inc.

2023-Q2 EPS reported -$0.55 revenue$196,402,000

Revenue $84.8M, down 18% YoY; Transaction Value $125.9M, down 31% YoY.
Net loss $20.0M vs $13.0M; Adjusted EBITDA $3.6M vs $4.5M.
P&C vertical Transaction Value fell 46% to $61M; Health up 10% to $51M.
Gross margin 16.2% (up 120bp); Contribution margin 19.5% (up 140bp).
CEO Yi and CFO Nonko salary restructured: cash ≥$70K/yr, balance paid in 3-month-vest RSUs.

item 2.02 item 5.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MediaAlpha, Inc. reported the second quarter ended June 30, 2023 results: revenue $84.8 million, net income $(20.0) million.

Period: the second quarter ended June 30, 2023
Revenue: $84.8 million
Net income: $(20.0) million
Result: reported results

Exact text from the filing

to the comparable GAAP financial measures is contained in each document. --- EX-99.1 (EX-99.1) --- MEDIAALPHA ANNOUNCES SECOND QUARTER 2023 FINANCIAL RESULTS • Revenue of $85 million, down 18% year over year • Transaction Value of $126 million, down 31% year over year • Transaction Value from Property & Casualty down 46% year over year to $61 million •

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Source: SEC EDGAR

accession 0001818383-23-000109

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