NASDAQ$EVER

EverQuote Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Revenue decreased by 13%, but net loss remained flat compared to the prior year period.

EverQuote reported a decrease in revenue for the fourth quarter of 2022, with a slight decrease in automotive insurance revenue and a larger decrease in revenue from other insurance verticals. The company's net loss remained flat compared to the prior year period, and Adjusted EBITDA decreased.

  • Total revenue decreased by 13% to $88.3 million.
  • Automotive insurance vertical revenue decreased by 5% to $67.2 million.
  • Other insurance verticals revenue decreased by 33% to $21.1 million.
  • GAAP net loss was $8.5 million, flat year-over-year.

Headline financials

Total Revenue

$88.3M

Previous: $102M-13.5%
EPS (adj)

-$0.26

Previous: -$0.29+10.3%
Adjusted EBITDA

$92K

No prior period
Net Income

-$8.49M

Previous: -$8.5M+0.1%
Operating Income

-$8.68M

Previous: -$8.47M-2.4%
Gross Profit

$82.2M

Previous: $95.9M-14.2%
Cash & Equivalents

$30.8M

Previous: $34.9M-11.5%
Total Assets

$157M

Previous: $144M+9.0%
Stock-Based Comp

$6.62M

Previous: $7.06M-6.2%

Revenue & EPS history

EverQuote · Revenue · Quarterly

$88.3M

Q4 2022-13.5%vs Q4 2021
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

EverQuote · $88.3M total across 2 segments · Q4 2022

  • Automotive
    $67.2M-4.5%
  • Other
    $21.1M-33.3%

Forward guidance

EverQuote provided guidance for the first quarter and full year 2023, including revenue, Variable Marketing Margin, and Adjusted EBITDA.

Tailwinds

  • First Quarter 2023 Revenue of $101 - $105 million.
  • First Quarter 2023 Variable Marketing Margin of $31.5 - $33.5 million.
  • First Quarter 2023 Adjusted EBITDA of $2 - $4 million.
  • Full Year 2023 Revenue of $420 - $435 million.
  • Full Year 2023 Adjusted EBITDA of $7 - $13 million.

Historical earnings impact

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

Avg. return before/after earnings

Based on 18 quarterly earnings reports · overlaid with Q4 2022

Historical avgQ4 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
Q2 2025———
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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