NASDAQ$EVER

EverQuote Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

EverQuote's first quarter performance validated its strategy, achieving revenue of $110.7 million, VMM of $34.3 million, and positive Adjusted EBITDA amidst auto insurance industry headwinds.

EverQuote reported a 7% increase in total revenue to $110.7 million for Q1 2022. The company's DTCA operations grew significantly, contributing $14.8 million to the total revenue. Despite headwinds in the auto insurance industry, EverQuote achieved positive Adjusted EBITDA.

  • Total revenue increased by 7% year-over-year to $110.7 million.
  • Non-auto insurance verticals revenue grew by 19% year-over-year.
  • DTCA operations generated $14.8 million in revenue, representing 13% of total revenue.
  • GAAP net loss increased to $5.7 million, compared to a net loss of $3.8 million in the same period last year.

Headline financials

Total Revenue

$111M

Previous: $104M+6.6%
EPS (adj)

-$0.19

Previous: -$0.13-46.2%
Free Cash Flow

-$5.72M

Previous: -$3.8M-50.4%
Net Income

-$5.72M

Previous: -$3.8M-50.4%
Operating Income

-$5.7M

Previous: -$3.79M-50.3%
Gross Profit

$105M

Previous: $97.9M+7.0%
Cash & Equivalents

$46.1M

Previous: $46.9M-1.6%
Total Assets

$171M

Previous: $136M+25.7%
Stock-Based Comp

$7.53M

Previous: $7.52M+0.1%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$111M

Q1 2022+6.6%vs Q1 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

EverQuote · $55M total across 3 segments · Q3 2023

  • Automotive
    $43.1M-51.2%
  • Home and Renters
    $10.9M
  • Other
    $1.05M-93.1%

Forward guidance

EverQuote anticipates for the second quarter of 2022 revenue between $92 - $97 million, Variable Marketing Margin between $24 - $27 million, and Adjusted EBITDA between ($7) - ($4) million. For the full year 2022, the company anticipates revenue between $400 - $420 million, Variable Marketing Margin between $110 - $120 million, and Adjusted EBITDA between ($15) - ($5) million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+3.6%

Avg return

Earnings day

+4.7%

Avg return

5 days after

+5.4%

Avg return

30 days after

61%

19 / 31 earnings

Positive

+63.0%

Q1 2026

Best reaction

-46.7%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+63.0%+40.3%
Q4 2025+1.2%+3.1%+3.8%
Q3 2025+8.3%+13.5%+23.9%
Q1 2025-12.0%-11.9%-6.6%
Q4 2024+27.1%+33.4%+39.4%
Q3 2024+4.6%+7.0%+7.4%
Q2 2024+7.9%-12.0%-10.5%
Q1 2024+16.3%+4.8%+6.7%
Q4 2023+5.4%-2.6%+12.1%
Q3 2023+10.4%+4.1%+29.1%
Q2 2023-17.5%-11.7%-10.7%
Q1 2023+3.3%+7.0%+32.0%
Q4 2022-20.1%-17.1%-21.8%
Q3 2022+0.7%+30.0%+77.3%
Q2 2022-6.9%+9.9%-17.2%
Q1 2022-12.4%-10.7%-36.2%
Q4 2021-5.0%-1.0%-9.6%
Q3 2021-8.6%-4.5%-8.6%
Q2 2021-16.7%-20.5%-35.2%
Q1 2021-1.5%-5.9%-5.7%
Q4 2020+3.3%+1.7%-27.2%
Q3 2020+10.1%+18.7%+9.6%
Q2 2020-25.6%-23.6%-31.5%
Q1 2020+27.4%+32.4%+53.0%
Q4 2019-14.2%-12.9%-37.8%
Q3 2019+28.4%+40.6%+70.9%
Q2 2019+40.7%+43.2%+60.1%
Q1 2019+17.4%+20.9%+30.3%
Q4 2018+19.3%+24.7%+28.9%
Q3 2018-46.7%-56.4%-52.6%
Q2 2018+4.8%+2.6%-12.5%
Q4 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016
Q4 2015
Q3 2015
Q2 2015
Q1 2015
Q4 2014

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