secwatch.observer — SEC 8-K summary
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Issuer:     MediaAlpha, Inc. (MAX)
CIK:        0001818383
Form:       8-K
Filed at:   2026-04-29T23:59:59+00:00
Accession:  0001818383-26-000117
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 17% to $310M; net income $14M vs loss; repurchased $25M stock
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- Revenue $310M (+17% YoY); net income $14M vs loss of $2.3M in Q1 2025.
- Adjusted EBITDA $31.4M (vs $29.4M); gross margin 15.1% vs 15.8%.
- Refinanced credit facilities: $150M term loan and $60M revolver, both due 2031.
- Repurchased $25M YTD (2.6M shares); $73M total over past three quarters (10% of shares).
- Remaining $60M buyback authorization expected to be largely completed in 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1818383/000181838326000117/0001818383-26-000117-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1818383/000181838326000117/max-20260429.htm
  HTML page:      https://secwatch.observer/filing/0001818383-26-000117

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