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Mar 31, 2023
EverQuote Q1 2023 Earnings Report
EverQuote exceeded expectations across its three primary financial KPIs, delivering revenue of $109.2 million and Variable Marketing Margin of $35.6 million.
Key Takeaways
EverQuote's Q1 2023 revenue was $109.2 million, a decrease of 1% year-over-year. The company's GAAP net loss improved to $2.5 million, and Adjusted EBITDA increased to $5.4 million.
Total revenue decreased by 1% to $109.2 million.
Automotive insurance vertical revenue increased by 2% to $89.7 million.
Revenue from other insurance verticals decreased by 15% to $19.5 million.
GAAP net loss improved to $2.5 million.
Revenue by Segment
Forward Guidance
Due to uncertainty in the auto insurance industry, EverQuote withdrew its full year 2023 guidance. For Q2 2023, they anticipate revenue of $70-75 million, Variable Marketing Margin of $23-26 million, and Adjusted EBITDA of ($4)-($1) million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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