secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001818383-23-000139
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838323000139/0001818383-23-000139-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838323000139/max-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001818383-23-000139

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