{"schema_version":"secwatch.filing_event.v1","accession":"0001818383-25-000057","form_type":"8-K","ticker":"MAX","cik":"0001818383","company_name":"MediaAlpha, Inc.","filed_at":"2025-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:02:49.863748+00:00","generated_at":"2026-05-23T02:37:25.649156+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"MediaAlpha Q1 revenue up 109% to $264M; P&C transaction value hits record $407M","bullets":["Revenue $264.3M (+109% YoY); Transaction Value $473.1M (+116% YoY).","P&C vertical transaction value surged 200% YoY to $407M; Health vertical down 17%.","Adjusted EBITDA $29.4M (+104% vs $14.4M); net loss widened to $(2.3)M.","Record Q1; expects to continue long-term profitable growth, no Q2 guidance provided.","FTC reserve increased by $5M to $12M as company remains in settlement discussions."],"urls":{"canonical":"https://secwatch.observer/filing/0001818383-25-000057","json":"https://secwatch.observer/filing/0001818383-25-000057.json","markdown":"https://secwatch.observer/filing/0001818383-25-000057.md","text":"https://secwatch.observer/filing/0001818383-25-000057.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000057/0001818383-25-000057-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1818383/000181838325000057/max-20250430.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-23T02:37:25.649156+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}