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Mar 31, 2021
MediaAlpha Q1 2021 Earnings Report
MediaAlpha's first quarter performance in 2021 showed robust growth, marked by a significant increase in revenue and transaction value.
Key Takeaways
MediaAlpha reported a strong start to 2021, with a 45% year-over-year increase in revenue to $173.6 million and a 58% increase in Transaction Value to $262.5 million. The company's growth was driven by the Property & Casualty segment, which saw a 74% increase in revenue. Despite the revenue growth, net income decreased to $0.2 million, while adjusted EBITDA increased to $16.3 million.
Revenue increased by 45% year-over-year, reaching $173.6 million.
Transaction Value grew by 58% year-over-year, hitting a record $262.5 million.
Property & Casualty revenue increased 74% year-over-year, reaching $126 million.
Net income was $0.2 million, a decrease compared to the first quarter of 2020.
Forward Guidance
For the second quarter of 2021, MediaAlpha expects Transaction Value between $255 million and $260 million, Revenue between $156 million and $161 million, Contribution between $25 million and $27 million, and Adjusted EBITDA between $14.5 million and $15.5 million. For the full year 2021, MediaAlpha expects Transaction Value between $1,050 million and $1,100 million, Revenue between $680 million and $710 million, Contribution between $114 million and $118 million, and Adjusted EBITDA between $65 million and $67 million.
Positive Outlook
- Transaction Value between $255 million - $260 million, representing 47% year-over-year growth at the midpoint of the guidance range for Q2 2021.
- Revenue between $156 million - $161 million, representing 28% year-over-year growth at the midpoint of the guidance range for Q2 2021.
- Contribution between $25 million - $27 million, representing 28% year-over-year growth at the midpoint of the guidance range for Q2 2021.
- Adjusted EBITDA between $14.5 million - $15.5 million, representing 13% year-over-year growth at the midpoint of the guidance range for Q2 2021.
- Transaction Value between $1,050 million - $1,100 million for full year 2021.
Challenges Ahead
- Revenue between $680 million - $710 million for full year 2021.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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