{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-23-000139","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2023-11-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.648026+00:00","generated_at":"2026-06-09T03:07:49.807213+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"MediaAlpha Q3 revenue falls 16% to $74.6M, but Adjusted EBITDA rises 65% to $3.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-23-000139","json":"https://secwatch.observer/filing/0001818383-23-000139.json","markdown":"https://secwatch.observer/filing/0001818383-23-000139.md","text":"https://secwatch.observer/filing/0001818383-23-000139.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000139/0001818383-23-000139-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000139/max-20231101.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T03:07:49.807213+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":"09797857bfb39610855549a17f5d24464f1c1ccf","claim":"MediaAlpha, Inc. reported third quarter ended September 30, 2023 results: revenue $74.6 million, net income $(18.7) million.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1818383/000181838323000139/0001818383-23-000139-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"$74.6 million"},{"label":"Net income","value":"$(18.7) 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"}