secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001818383-23-000109
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838323000109/0001818383-23-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838323000109/max-20230729.htm
  HTML page:      https://secwatch.observer/filing/0001818383-23-000109

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