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Sep 30, 2024
EverQuote Q3 2024 Earnings Report
Reported record results driven by auto industry recovery and strong execution.
Key Takeaways
EverQuote announced record third-quarter results, with revenue exceeding 150% year-over-year growth to $144.5 million. The company delivered a net income of $11.6 million and an adjusted EBITDA of $18.8 million, benefiting from the auto industry recovery and strong execution.
Total revenue increased by 163% to $144.5 million.
Automotive insurance vertical revenue increased by 202% to $130.0 million, representing 90% of revenue.
Home and renters insurance vertical revenue increased by 30% to $14.1 million.
GAAP net income improved to $11.6 million, compared to a net loss of $29.2 million.
Revenue by Segment
Forward Guidance
The company provided revenue guidance of $131.0 - $136.0 million, Variable Marketing Margin of $38.0 - $40.0 million, and Adjusted EBITDA of $14.0 - $16.0 million for Q4 2024.
Positive Outlook
- Revenue of $131.0 - $136.0 million, representing 140% year-over-year growth at the midpoint.
- Variable Marketing Margin of $38.0 - $40.0 million, representing 89% year-over-year growth at the midpoint.
- Adjusted EBITDA of $14.0 - $16.0 million, versus a loss of ($0.9) million in the prior year’s period.
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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