NYSE$MAX
MediaAlpha Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Announced fourth quarter and full year 2022 financial results.
MediaAlpha's fourth quarter revenue was $124 million, a 23% decrease year-over-year. The results exceeded expectations, driven by strong carrier spend in the Health insurance vertical. The Property & Casualty insurance vertical continued to be negatively impacted.
- Fourth quarter revenue was $124 million, down 23% year over year.
- Fourth quarter Transaction Value was $169 million, down 31% year over year.
- Fourth quarter Transaction Value from Property & Casualty was down 53% year over year to $57 million.
- Fourth quarter Transaction Value from Health was flat year over year at $99 million.
Headline financials
Revenue & EPS history
MediaAlpha · Revenue · Quarterly
$124M
Forward guidance
Guidance for Q1 2023 reflects typical seasonality along with an improvement in market conditions in P&C vertical compared with Q4 2022.
Tailwinds
- P&C Transaction Value to nearly double in Q1 2023 compared with Q4 2022, indicative of both the early stages of recovery from the hard market and normal seasonality.
- Transaction Value between $180 million - $195 million.
- Revenue between $106 million - $116 million.
- Adjusted EBITDA between $5.5 million - $7.5 million.
- Cash operating expenses to be in line with Q4 2022.
Headwinds
- Click pricing is expected to be down on a year-over-year basis.
- In Health vertical, expect modest year-over-year growth in Transaction Value.
- For the Life and Other verticals, expect Transaction Value to decline year over year at a similar rate as in Q4 2022.
- P&C Transaction Value to be well below Q1 2022 levels.
- Transaction Value represents a 22% year-over-year decline at the midpoint of the guidance range, driven primarily by 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 Q4 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
| 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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