NYSE$MAX
MediaAlpha Inc · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
Reported record results across key metrics, driven by P&C insurance vertical growth.
MediaAlpha announced excellent third-quarter results with record performance across key metrics. Revenue increased by 247% year-over-year to $259.1 million, and Transaction Value rose by 314% year-over-year to $451.8 million. The P&C insurance vertical was a significant driver of growth, with Transaction Value up 766% year-over-year.
- Revenue increased by 247% year-over-year to $259.1 million.
- Transaction Value increased by 314% year-over-year to $451.8 million.
- Net income was $11.9 million, compared to a net loss of $(18.7) million in the third quarter of 2023.
- Adjusted EBITDA was $26.3 million, compared to $3.6 million in the third quarter of 2023.
Headline financials
Revenue & EPS history
MediaAlpha · Revenue · Quarterly
$259M
Forward guidance
For the fourth quarter of 2024, MediaAlpha expects Transaction Value between $470 million - $495 million, Revenue between $275 million - $295 million, and Adjusted EBITDA between $29.5 million and $32.5 million.
Tailwinds
- Transaction Value between $470 million - $495 million, representing a 192% year-over-year increase at the midpoint of the guidance range
- Revenue between $275 million - $295 million, representing a 143% year-over-year increase at the midpoint of the guidance range
- Adjusted EBITDA between $29.5 million and $32.5 million, representing a 144% year-over-year increase at the midpoint of the guidance range
- Contribution less Adjusted EBITDA to be approximately $0.5 - $1.0 million higher than in Q3 2024.
Headwinds
- Transaction Value in P&C insurance vertical to be flat to slightly up as compared to Q3 2024 levels.
- Transaction Value in Health insurance vertical to be down mid-single digits year over year due to headwinds in Medicare.
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 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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