EverQuote's Q3 2021 revenue increased by 20% year-over-year to $107.6 million. The company is addressing challenges in the auto insurance market by aligning its cost structure and shifting to a new organizational operating model. The acquisition of PolicyFuel was completed and integrated into DTC Agency operations.
Total revenue increased 20% year-over-year to $107.6 million.
Automotive insurance vertical revenue increased 20% to $89.7 million.
Revenue from other insurance verticals increased 18% to $17.9 million.
Variable Marketing Margin increased 10% to $32.4 million.
EverQuote anticipates for Q4 2021 revenue between $93.5 - $98.5 million, Variable Marketing Margin between $30.5 - $33.5 million, and Adjusted EBITDA between ($1.5) - $1.5 million.
Visualization of income flow from segment revenue to net income
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