NYSE$MAX
MediaAlpha Inc · Q2 2025 earnings
Q2 2025 earnings · · After market close · Investor relations
Briefing
MediaAlpha Inc reported Q2 2025 results showing strong revenue growth driven by P&C insurance vertical.
Revenue reached $251.6 million, up 41% year-over-year, primarily from increased customer acquisition spending by P&C carriers. The company recorded a net loss of $22.5 million due to a $33 million reserve increase related to the FTC Matter. Adjusted EBITDA rose 31% to $24.5 million.
- Q2 revenue of $251.6 million increased 41% YoY, led by P&C insurance growth of 69%.
- Transaction Value hit $480.8 million, up 49% YoY, reflecting higher carrier spending.
- Net loss of $22.5 million included a $33 million FTC Matter reserve charge.
- Adjusted EBITDA grew 31% to $24.5 million with Contribution Margin at 15.8%.
Headline financials
Revenue & EPS history
MediaAlpha · Revenue · Quarterly
$252M
Revenue by segment
MediaAlpha · $252M total across 4 segments · Q2 2025
- Property & Casualty insurance$227M—90.3%
- Health insurance$18.1M—7.2%
- Life insurance$5.23M—2.1%
- Other$1.16M—0.5%
Forward guidance
P&C momentum expected to continue near-term despite potential tariff impacts; health vertical faces compliance-driven revenue reduction of ~$70 million for full year.
Tailwinds
- P&C carriers above target margins with robust competition for share.
Headwinds
- Under-65 health revenue expected to decline significantly due to FTC settlement compliance.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports
+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 |
|---|---|---|---|---|
| Q2 2025 | — | — | — | |
| 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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