Loading...
•
Sep 30, 2023
EverQuote Q3 2023 Earnings Report
EverQuote reported a decrease in revenue and net loss compared to the same quarter last year. The company is focusing on streamlining costs and building its balance sheet.
Key Takeaways
EverQuote reported a revenue of $55.0 million, a Variable Marketing Margin of $19.4 million, and an Adjusted EBITDA of negative $1.9 million. The company is focused on managing expenses and building its balance sheet.
Total revenue was $55.0 million, a decrease of 47%.
Automotive insurance vertical revenue was $43.1 million, a decrease of 51%.
Home and renters insurance vertical revenue was $10.9 million, an increase of 51%.
GAAP net loss increased to a loss of $29.2 million, compared to a GAAP net loss of $6.5 million.
Revenue by Segment
Forward Guidance
For the fourth quarter 2023, EverQuote anticipates revenue of $47.0 - $52.0 million, Variable Marketing Margin of $16.5 - $18.5 million, and Adjusted EBITDA of $(4.5) - $(2.5) 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
Loading earnings performance data...
Loading earnings reaction data...