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Mar 31, 2024
EverQuote Q1 2024 Earnings Report
Reported record GAAP net income and exceeded guidance for revenue, VMM, and Adjusted EBITDA.
Key Takeaways
EverQuote announced strong Q1 2024 results with revenue of $91.1 million and a record GAAP net income of $1.9 million. The company exceeded the high end of its guidance range for revenue, Variable Marketing Margin, and Adjusted EBITDA, driven by the early stages of auto carrier recovery.
Total revenue was $91.1 million, a decrease of 17% year-over-year.
Automotive insurance vertical revenue was $77.5 million, a decrease of 14% year-over-year.
Home and renters insurance vertical revenue was $12.7 million, up 34% year-over-year.
GAAP net income improved to $1.9 million, compared to a net loss of $2.5 million in the prior year.
Revenue by Segment
Forward Guidance
EverQuote anticipates revenue between $100.0 and $105.0 million, Variable Marketing Margin between $31.0 and $33.0 million, and Adjusted EBITDA between $7.0 and $9.0 million for the second quarter of 2024.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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