NYSE$MAX
MediaAlpha Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported record quarterly performance with strongest transaction value and adjusted EBITDA.
MediaAlpha announced outstanding second quarter 2024 financial results, demonstrating the strength of its business model and solid execution. The company reported a 110% year-over-year increase in revenue, reaching $178.3 million. Transaction Value increased by 156% year-over-year to $321.8 million, with significant growth in the Property & Casualty insurance vertical.
- Revenue increased by 110% year-over-year to $178.3 million.
- Transaction Value increased by 156% year-over-year to $321.8 million.
- Net income was $4.4 million, compared to a net loss of $(20.0) million in Q2 2023.
- Adjusted EBITDA was $18.7 million, compared to $3.6 million in Q2 2023.
Headline financials
Revenue & EPS history
MediaAlpha · Revenue · Quarterly
$178M
Forward guidance
For the third quarter of 2024, MediaAlpha expects Transaction Value between $415 million - $435 million, Revenue between $240 million - $255 million, and Adjusted EBITDA between $22.0 million and $24.0 million.
Tailwinds
- Transaction Value expected between $415 million - $435 million, representing a 290% year-over-year increase at the midpoint.
- Revenue expected between $240 million - $255 million, representing a 232% year-over-year increase at the midpoint.
- Adjusted EBITDA expected between $22.0 million and $24.0 million, representing a 541% year-over-year increase at the midpoint.
- P&C insurance vertical Transaction Value to be 40% to 45% higher than Q2 2024 levels.
- Health vertical Transaction Value to grow year-over-year at a rate similar to Q2 2024.
Headwinds
- Contribution less Adjusted EBITDA is projected to be flat to slightly up compared with Q2 2024 levels.
- Inability to predict reconciling items that may affect net income (loss) without unreasonable effort, including equity-based compensation, transaction expenses and income tax expense.
- Reconciling items are uncertain and depend on various factors.
- These items could significantly impact the corresponding GAAP measures for the applicable period.
- Guidance reflects a continuation of recent trends in customer acquisition spending in the P&C vertical.
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 2024
+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
| Quarter | Report date | Reaction (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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