secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2025-10-29T23:59:59+00:00
Accession:  0001818383-25-000124
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MediaAlpha Q3 revenue $306.5M (+18% YoY); net income $17.6M; new $50M buyback
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- Revenue $306.5M, up 18% YoY; transaction value $589.3M, up 30% YoY.
- Net income $17.6M (+48% YoY); Adjusted EBITDA $29.1M (+11% YoY).
- Property & Casualty transaction value record $548M (+41% YoY); Health down 40% to $33M.
- Gross margin 14.2% vs 15.1%; contribution margin 14.9% vs 16.0%.
- Board authorized $50M share repurchase program; Q3 repurchased 3.2M shares for $32.9M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000124/0001818383-25-000124-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838325000124/max-20251028.htm
  HTML page:      https://secwatch.observer/filing/0001818383-25-000124

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