NYSE$MAX

MediaAlpha Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

MediaAlpha reported Q4 2025 revenue of $291M and record transaction value of $613M.

MediaAlpha generated Q4 revenue of $291M with record transaction value of $613M, including record $552M in property & casualty insurance. FY2025 revenue was $1.1B with transaction value of $2.2B. Net income was $26.8M for the year with adjusted EBITDA of $113.7M. The board doubled the share repurchase authorization.

  • Q4 revenue $291M; transaction value $613M.
  • FY2025 revenue $1.1B; net income $26.8M.
  • Record P&C transaction value $552M in Q4.
  • Buyback authorization doubled.

Headline financials

Total Revenue

$291M

Previous: $301M-3.2%
EPS (adj)

$0.50

Previous: $0.08+525.0%
Net Income

$26.8M

Previous: $7.3M+267.1%
Operating Income

$22.3M

Previous: $18.3M+22.2%
Gross Profit

$44.8M

Previous: $49M-8.5%

Revenue & EPS history

MediaAlpha · Revenue · Quarterly

$291M

Q4 2025-3.2%vs Q4 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Forward guidance

Carrier marketing spend and quote request volume drive 2026 revenue.

Tailwinds

  • Leading position in insurance customer acquisition.
  • Adjusted EBITDA scale improves with volume.
  • Capital return via expanded buyback.

Headwinds

  • Concentration in P&C insurance vertical.
  • Competitive bidding for media spend.
  • Regulatory changes in insurance marketing.

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 2025

Historical avgQ4 2025

+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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