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Jun 30, 2021
MediaAlpha Q2 2021 Earnings Report
Announced financial results for the second quarter ended June 30, 2021.
Key Takeaways
MediaAlpha reported a strong second quarter with revenue of $157.4 million, up 27% year-over-year, and Transaction Value of $256.5 million, up 46% year-over-year. However, the company reported a net loss of $(0.4) million, compared to net income of $10.1 million in the second quarter of 2020.
Revenue of $157 million, up 27% year over year
Revenue from Property & Casualty grew 23% year over year to $109 million
Transaction Value of $257 million, up 46% year over year
Marked eighth consecutive quarter of Transaction Value growth in excess of 40% year over year.
Forward Guidance
For the third quarter of 2021, MediaAlpha expects Transaction Value between $260 million - $270 million and Revenue between $158.0 million - $165.0 million.
Positive Outlook
- Transaction Value between $260 million - $270 million, representing 22% year-over-year growth at the midpoint of the guidance range
- Revenue between $158.0 million - $165.0 million, representing 7% year-over-year growth at the midpoint of the guidance range
- Contribution between $26.0 million - $28.0 million, representing 25% year-over-year growth at the midpoint of the guidance range
- Adjusted EBITDA between $14.5 million - $15.5 million, representing 7% year-over-year growth at the midpoint of the guidance range
- For the full year 2021, MediaAlpha expects Transaction Value between $1,050 million - $1,100 million, representing 32% year-over-year growth at the midpoint of the guidance range
Historical Earnings Impact
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Avg. Return Before/After Earnings
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