NYSE$MAX
MediaAlpha Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
MediaAlpha announced its financial results for the fourth quarter and full year ended December 31, 2024, surpassing expectations with record-breaking performance.
MediaAlpha reported a strong fourth quarter and full year 2024, exceeding guidance with significant growth in revenue and transaction value, particularly in the Property & Casualty insurance vertical. The company achieved record Adjusted EBITDA and a substantial improvement in net income.
- Fourth quarter revenue increased by 157% year over year to $300.6 million.
- Transaction Value grew by 202% year over year to $499.2 million, driven by a 639% increase in Property & Casualty.
- Net income for the fourth quarter was $7.3 million, a significant improvement from a net loss in the prior year.
- Adjusted EBITDA reached $36.7 million in Q4 2024, up from $12.7 million in Q4 2023.
Headline financials
Revenue & EPS history
MediaAlpha · Revenue · Quarterly
$301M
Forward guidance
For the first quarter of 2025, MediaAlpha expects approximately 170% year-over-year growth in P&C Transaction Value, with overall Transaction Value projected to increase by 95% year-over-year at the midpoint of the guidance range. Revenue is expected to increase by 86% year-over-year, and Adjusted EBITDA by 77% year-over-year at the midpoint.
Tailwinds
- P&C Transaction Value expected to grow approximately 170% year-over-year.
- Overall Transaction Value projected between $415 million to $440 million, a 95% year-over-year increase at midpoint.
- Revenue expected between $225 million to $245 million, an 86% year-over-year increase at midpoint.
- Adjusted EBITDA projected between $24.5 million to $26.5 million, a 77% year-over-year increase at midpoint.
- Company expects Contribution less Adjusted EBITDA to be approximately $0.5 - $1.0 million higher than in Q4 2024.
Headwinds
- P&C Transaction Value expected to see a high single-digit sequential decline as pricing moderates.
- Health vertical Transaction Value expected to decline by a high-teens percentage year over year.
- Conditions in the under-65 health insurance market continue to soften.
- Reconciliation of Adjusted EBITDA to net income (loss) and Contribution to gross profit is not provided due to uncertainty of reconciling items.
- Reconciling items could significantly impact GAAP measures.
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 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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