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Sep 30, 2020
MediaAlpha Q3 2020 Earnings Report
MediaAlpha reported a strong start as a public company, driven by growth in the Property & Casualty insurance vertical.
Key Takeaways
MediaAlpha announced strong Q3 2020 financial results with revenue of $151.5 million, a 37% increase year-over-year. Transaction Value reached a record $217.6 million, up 44% year-over-year. The company is benefiting from positive trends in the insurance industry.
Revenue reached $151.5 million, a 37% increase year-over-year.
Transaction Value increased by 44% year-over-year, reaching $217.6 million.
Net income was $4.8 million, compared to $7.8 million in Q3 2019.
Adjusted EBITDA was $14.0 million, compared to $11.7 million in Q3 2019.
Forward Guidance
For the fourth quarter of 2020, MediaAlpha expects Transaction Value between $223 - $225 million, Revenue between $163 - $165 million, Contribution between $24.5 - $25.5 million, and Adjusted EBITDA between $15.0 - $15.5 million.
Positive Outlook
- Transaction Value between $223 - $225 million, representing 32% year-over-year growth at the midpoint of the guidance range
- Revenue between $163 - $165 million, representing 30% year-over-year growth at the midpoint of the guidance range
- Contribution between $24.5 - $25.5 million, representing 16% year-over-year growth at the midpoint of the guidance range
- Adjusted EBITDA between $15.0 - $15.5 million, representing 9% 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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