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.
For the third quarter of 2021, MediaAlpha expects Transaction Value between $260 million - $270 million and Revenue between $158.0 million - $165.0 million.
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