secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2025-04-30T23:59:59+00:00
Accession:  0001818383-25-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha Q1 revenue up 109% to $264M; P&C transaction value hits record $407M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000057/0001818383-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000057/max-20250430.htm
  HTML page:      https://secwatch.observer/filing/0001818383-25-000057

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