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Dec 31, 2024
EverQuote Q4 2024 Earnings Report
EverQuote reported strong financial results for the fourth quarter of 2024, with significant growth in revenue, net income, and Adjusted EBITDA.
Key Takeaways
EverQuote, Inc. announced robust financial results for the fourth quarter and full year ended December 31, 2024, exceeding guidance across all primary financial metrics. The company achieved record-level revenue and net income for the quarter, driven by strong growth in the automotive insurance vertical.
Total revenue for Q4 2024 increased by 165% year-over-year to $147.5 million.
Net income for Q4 2024 was $12.3 million, a significant improvement from a net loss of ($6.3) million in Q4 2023.
Adjusted EBITDA for Q4 2024 reached $18.9 million, compared to ($0.9) million in Q4 2023.
Operating cash flow for Q4 2024 was $20.1 million, up from ($0.8) million in Q4 2023.
Revenue by Segment
Forward Guidance
For the first quarter of 2025, EverQuote anticipates continued strong growth in revenue, variable marketing dollars, and Adjusted EBITDA, reflecting positive momentum from the previous year.
Positive Outlook
- Revenue is projected to be between $155.0 million and $160.0 million, representing 73% year-over-year growth at the midpoint.
- Variable Marketing Dollars are expected to be between $44.0 million and $46.0 million, representing 46% year-over-year growth at the midpoint.
- Adjusted EBITDA is projected to be between $19.0 million and $21.0 million, representing 163% year-over-year growth at the midpoint.
- Continued strategic investments in technology platform to enable faster product development and new offerings.
- Leveraging traffic expertise, data assets, and technology to support insurance provider customers and drive profitability.
Challenges Ahead
- The company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, restructuring and other charges, acquisition-related costs, interest income, and income taxes.
- Reconciliation of non-GAAP measures to GAAP is not provided due to the inability to quantify certain amounts without unreasonable efforts.
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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