MediaAlpha Reports Q2 2024 Revenue of $178M, Up 110% YoY, Net Income of $4.4M

MediaAlpha, Inc.

2024-Q2 EPS reported $0.04 revenue$304,923,000

Revenue reached $178.3 million, up 110% year-over-year from $84.8 million.
Transaction Value grew 156% YoY to $321.8 million, with P&C up 320% to $255 million.
Net income of $4.4 million versus a net loss of $20.0 million in Q2 2023.
Adjusted EBITDA hit a record $18.7 million, up 422% from $3.6 million.
CEO Steve Yi cited strong execution and recovery in Property & Casualty insurance vertical.

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