MediaAlpha Q3 revenue falls 16% to $74.6M, but Adjusted EBITDA rises 65% to $3.6M

MediaAlpha, Inc.

2023-Q3 EPS reported -$0.84 revenue$270,975,000

Revenue $74.6M (-16% YoY); Transaction Value $109.0M (-26% YoY).
P&C Transaction Value down 46% to $45M; Health up 11% to $51M.
Net loss improved to $18.7M from $21.2M; Adjusted EBITDA $3.6M vs $2.2M.
Gross margin expanded to 16.5% from 14.2%; Contribution margin 20.2% vs 17.4%.
Q4 outlook: expect continued Adjusted EBITDA growth YoY, driven by margin expansion and cost discipline.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MediaAlpha, Inc. reported third quarter ended September 30, 2023 results: revenue $74.6 million, net income $(18.7) million.

Period: third quarter ended September 30, 2023
Revenue: $74.6 million
Net income: $(18.7) million
Result: reported results

Exact text from the filing

and we expect growth to accelerate in 2024 as the P&C cycle turns and carrier advertising spending starts to normalize.” Third Quarter 2023 Financial Results • Revenue of $74.6 million, a decrease of 16% year over year; • Transaction Value of $109.0 million, a decrease of 26% year over year; • Gross margin of 16.5%, compared with 14.2% in the third quarter of

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Source: SEC EDGAR

accession 0001818383-23-000139

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