NYSE$MAX

MediaAlpha Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

MediaAlpha's third quarter results for 2022 were announced, showing a year-over-year decline due to profitability pressures in the property & casualty insurance industry.

MediaAlpha reported a decrease in revenue and transaction value for Q3 2022 compared to the previous year. The company's performance was impacted by challenges in the property & casualty insurance sector.

  • Revenue was $89 million, a 42% decrease year-over-year.
  • Transaction Value was $147 million, also down 42% year-over-year.
  • Net loss was $(21.2) million, compared to $(4.3) million in the third quarter of 2021.
  • Adjusted EBITDA was $2.2 million, a decrease from $13.8 million in the third quarter of 2021.

Headline financials

Total Revenue

$89M

Previous: $153M-41.7%
EPS (adj)

-$0.34

Previous: -$0.10-240.0%
Transaction Value

$147M

Previous: $255M-42.5%
Gross Margin

14.2%

Previous: 16.2%-12.3%
Contribution Margin

17.4%

Previous: 17.1%+1.8%
Adjusted EBITDA

$2.2M

Previous: $13.8M-84.1%
Free Cash Flow

-$14.5M

Previous: -$3.53M-310.7%
Net Income

-$14.5M

Previous: -$3.53M-310.7%
Operating Income

-$10.6M

Previous: -$54K-19483.3%
Gross Profit

$12.7M

Previous: $24.7M-48.6%
Cash & Equivalents

$30.2M

Previous: $29.3M+3.1%
Total Assets

$265M

Previous: $246M+8.0%
Stock-Based Comp

$14.6M

Previous: $11.2M+30.4%

Revenue & EPS history

MediaAlpha · Revenue · Quarterly

$89M

Q3 2022-41.7%vs Q3 2021
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

MediaAlpha anticipates a near-term pullback in marketing spend by P&C insurers during Q4 2022, expecting Transaction Value in the P&C insurance vertical to decline year over year by a similar percentage as in Q3. In the Health vertical, Transaction Value is expected to be down slightly year over year.

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 Q3 2022

Historical avgQ3 2022

+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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