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Jun 30, 2022
EverQuote Q2 2022 Earnings Report
EverQuote's second quarter performance in 2022 exceeded guidance, delivering $101.9 million in revenue and a variable marketing margin of $33.1 million.
Key Takeaways
EverQuote's Q2 2022 financial results exceeded expectations, with revenue reaching $101.9 million and a Variable Marketing Margin of $33.1 million. The company effectively adapted to market changes, adjusting its cost structure and bidding strategy. DTCA operations performed well, contributing 13% of total revenue.
Total revenue was $101.9 million, a decrease of 3% year-over-year.
Automotive insurance vertical revenue was $81.4 million, a decrease of 6% year-over-year.
Revenue from other insurance verticals increased 10% to $20.5 million year-over-year.
Variable Marketing Margin was $33.1 million, an increase of 1% year-over-year.
Revenue by Segment
Forward Guidance
EverQuote anticipates for Q3 2022 revenue of $90 - $95 million, variable marketing margin of $24 - $27 million, and Adjusted EBITDA of ($6) - ($3) million.
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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