secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001818383-25-000095
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha Q2 revenue up 41%, record P&C TV $435M; net loss $(22.5)M on FTC charge
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- Revenue $251.6M (+41% YoY); Transaction Value $480.8M (+49% YoY); P&C TV $435M (+71% YoY).
- Net loss $(22.5)M vs net income $4.4M prior year; includes $33M additional FTC reserve (total $45M).
- Adjusted EBITDA $24.5M (+31% YoY); gross margin 15.0% vs 17.8% prior year.
- Debt amendment extended $138.1M term loans and $45.6M revolver to July 2027; remaining $13.3M/$4.4M mature July 2026.
- FTC inquiry fully resolved with settlement; total reserve $45M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000095/0001818383-25-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000095/max-20250804.htm
  HTML page:      https://secwatch.observer/filing/0001818383-25-000095

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