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Jun 30, 2022
MediaAlpha Q2 2022 Earnings Report
MediaAlpha's Q2 2022 financial results were announced amidst challenging market conditions in the P&C vertical, with a focus on operating efficiencies and resilience of the platform.
Key Takeaways
MediaAlpha reported a decrease in revenue by 34% year-over-year to $103.4 million and a net loss of $(13.0) million. The company is navigating challenging market conditions, particularly in the property & casualty (P&C) vertical, while maintaining focus on operating efficiencies.
Revenue decreased by 34% year-over-year to $103.4 million.
Transaction Value decreased by 29% year-over-year to $182.9 million.
Net loss was $(13.0) million, compared to $(0.4) million in the second quarter of 2021.
Adjusted EBITDA was $4.5 million, compared to $14.7 million in the second quarter of 2021.
Forward Guidance
For the third quarter of 2022, MediaAlpha expects a worsening year-over-year trend in customer acquisition spending by P&C insurance carrier partners and anticipates Transaction Value in the Health insurance vertical to be similar to the second quarter level.
Challenges Ahead
- Transaction Value between $130 million - $145 million, representing a 46% year-over-year decline at the midpoint.
- Revenue between $77 million - $87 million, representing a 46% year-over-year decline at the midpoint.
- Adjusted EBITDA between breakeven and $1.5 million, representing a 95% year-over-year decline at the midpoint.
- Transaction Value in the P&C insurance vertical is expected to decline sequentially.
- Adjusted EBITDA is expected to decline year over year at a greater rate than Transaction Value and Revenue due to increases in headcount and operating expenses.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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