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Dec 31, 2022
EverQuote Q4 2022 Earnings Report
Revenue decreased by 13%, but net loss remained flat compared to the prior year period.
Key Takeaways
EverQuote reported a decrease in revenue for the fourth quarter of 2022, with a slight decrease in automotive insurance revenue and a larger decrease in revenue from other insurance verticals. The company's net loss remained flat compared to the prior year period, and Adjusted EBITDA decreased.
Total revenue decreased by 13% to $88.3 million.
Automotive insurance vertical revenue decreased by 5% to $67.2 million.
Other insurance verticals revenue decreased by 33% to $21.1 million.
GAAP net loss was $8.5 million, flat year-over-year.
Revenue by Segment
Forward Guidance
EverQuote provided guidance for the first quarter and full year 2023, including revenue, Variable Marketing Margin, and Adjusted EBITDA.
Positive Outlook
- First Quarter 2023 Revenue of $101 - $105 million.
- First Quarter 2023 Variable Marketing Margin of $31.5 - $33.5 million.
- First Quarter 2023 Adjusted EBITDA of $2 - $4 million.
- Full Year 2023 Revenue of $420 - $435 million.
- Full Year 2023 Adjusted EBITDA of $7 - $13 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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