NYSE$MAX

MediaAlpha Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Announced financial results for the second quarter ended June 30, 2021.

MediaAlpha reported a strong second quarter with revenue of $157.4 million, up 27% year-over-year, and Transaction Value of $256.5 million, up 46% year-over-year. However, the company reported a net loss of $(0.4) million, compared to net income of $10.1 million in the second quarter of 2020.

  • Revenue of $157 million, up 27% year over year
  • Revenue from Property & Casualty grew 23% year over year to $109 million
  • Transaction Value of $257 million, up 46% year over year
  • Marked eighth consecutive quarter of Transaction Value growth in excess of 40% year over year.

Headline financials

Total Revenue

$157M

Previous: $124M+27.3%
EPS (adj)

-$0.01

Previous: $0.31-103.2%
Transaction Value

$257M

Previous: $175M+46.4%
Gross Margin

15.9%

Previous: 15.7%+1.3%
Contribution Margin

16.9%

Previous: 16.5%+2.4%
Adjusted EBITDA

$14.7M

Previous: $13.2M+11.4%
Free Cash Flow

-$197K

No prior period
Net Income

-$197K

Previous: $10.1M-101.9%
Operating Income

$1.92M

Previous: $11.7M-83.6%
Gross Profit

$25M

Previous: $19.4M+29.0%
Cash & Equivalents

$15M

No prior period
Total Assets

$236M

No prior period
Stock-Based Comp

$11.5M

No prior period

Revenue & EPS history

MediaAlpha · Revenue · Quarterly

$157M

Q2 2021+27.3%vs Q2 2020
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Forward guidance

For the third quarter of 2021, MediaAlpha expects Transaction Value between $260 million - $270 million and Revenue between $158.0 million - $165.0 million.

Tailwinds

  • Transaction Value between $260 million - $270 million, representing 22% year-over-year growth at the midpoint of the guidance range
  • Revenue between $158.0 million - $165.0 million, representing 7% year-over-year growth at the midpoint of the guidance range
  • Contribution between $26.0 million - $28.0 million, representing 25% year-over-year growth at the midpoint of the guidance range
  • Adjusted EBITDA between $14.5 million - $15.5 million, representing 7% year-over-year growth at the midpoint of the guidance range
  • For the full year 2021, MediaAlpha expects Transaction Value between $1,050 million - $1,100 million, representing 32% year-over-year growth at the midpoint of the guidance range

Historical earnings impact

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

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+3.4%

Avg return

Earnings day

+1.5%

Avg return

5 days after

+0.5%

Avg return

30 days after

50%

11 / 22 earnings

Positive

+31.8%

Q3 2022

Best reaction

-18.5%

Q4 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.1%-11.3%-11.8%
Q4 2025+12.3%+27.9%+23.4%
Q3 2025+10.8%+20.1%+14.7%
Q1 2025+14.2%+18.2%+21.4%
Q4 2024-18.5%-18.6%-11.0%
Q3 2024-12.6%-17.9%-35.5%
Q2 2024+15.0%+12.1%+23.4%
Q1 2024+9.0%+9.3%-12.2%
Q4 2023+22.3%+24.2%+26.0%
Q3 2023-4.6%-15.8%+0.1%
Q2 2023-3.0%-6.2%-13.2%
Q1 2023-2.4%-6.4%+50.7%
Q4 2022+12.3%+4.8%+1.0%
Q3 2022+31.8%+26.4%+2.3%
Q2 2022-15.0%-32.8%-28.9%
Q1 2022-9.6%-22.0%-31.2%
Q4 2021+28.9%+31.6%+39.1%
Q3 2021-1.5%+12.7%-2.1%
Q2 2021-6.6%-19.1%-25.2%
Q1 2021-13.1%-4.2%+3.6%
Q4 2020+3.3%+8.2%-30.3%
Q3 2020+1.8%-7.4%+7.2%
Q2 2020
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019
Q2 2018
Q1 2018

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