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Sep 30, 2021
MediaAlpha Q3 2021 Earnings Report
Announced financial results for the third quarter of 2021.
Key Takeaways
MediaAlpha's Q3 2021 revenue was $152.7 million, a 1% increase year-over-year. The company faced headwinds in the P&C insurance vertical due to market challenges, but the Health insurance vertical continued its robust growth.
Revenue was $152.7 million, up 1% year over year.
Transaction Value was $255.1 million, up 17% year over year.
Net loss was $(4.3) million, compared with net income of $4.8 million in the third quarter of 2020.
Adjusted EBITDA was $13.8 million, compared with $14.0 million in the third quarter of 2020.
Forward Guidance
For the fourth quarter of 2021, MediaAlpha expects Transaction Value between $241 million - $256 million, Revenue between $151 million - $161 million, Contribution between $25 million - $28 million, and Adjusted EBITDA between $13 million - $15 million.
Positive Outlook
- Transaction Value between $241 million - $256 million
- Revenue between $151 million - $161 million
- Contribution between $25 million - $28 million
- Adjusted EBITDA between $13 million - $15 million
Challenges Ahead
- Transaction Value representing a 3% year-over-year decline at the midpoint of the guidance range
- Revenue representing an 18% year-over-year decline at the midpoint of the guidance range
- Contribution representing a 13% year-over-year decline at the midpoint of the guidance range
- Adjusted EBITDA representing a 23% year-over-year decline at the midpoint of the guidance range
Historical Earnings Impact
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Avg. Return Before/After Earnings
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