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Sep 30, 2022
EverQuote Q3 2022 Earnings Report
EverQuote's Q3 2022 performance saw a revenue of $103.2 million, exceeding guidance expectations and demonstrating agility in adapting to a changing environment.
Key Takeaways
EverQuote reported Q3 2022 financial results with a total revenue of $103.2 million, a variable marketing margin of $31.8 million, and an Adjusted EBITDA of $2.0 million, exceeding guidance expectations. The company focused on disciplined expense management and continued investing in key strategic initiatives.
Total revenue reached $103.2 million, a 4% decrease year-over-year.
Automotive insurance vertical revenue was $88.2 million, a 2% decrease year-over-year.
Other insurance verticals revenue decreased by 16% to $15.1 million.
GAAP net loss increased to $6.5 million, compared to a net loss of $5.3 million in the same quarter of the previous year.
Revenue by Segment
Forward Guidance
EverQuote anticipates for Q4 2022 revenue of $87 - $92 million, variable marketing margin of $27 - $30 million, and Adjusted EBITDA of $(1.5) - $1.5 million. For the full year 2022, revenue is expected to be $403 - $408 million, variable marketing margin of $126 - $129 million, and Adjusted EBITDA of $4 - $7 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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