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Sep 30, 2022
MediaAlpha Q3 2022 Earnings Report
MediaAlpha's third quarter results for 2022 were announced, showing a year-over-year decline due to profitability pressures in the property & casualty insurance industry.
Key Takeaways
MediaAlpha reported a decrease in revenue and transaction value for Q3 2022 compared to the previous year. The company's performance was impacted by challenges in the property & casualty insurance sector.
Revenue was $89 million, a 42% decrease year-over-year.
Transaction Value was $147 million, also down 42% year-over-year.
Net loss was $(21.2) million, compared to $(4.3) million in the third quarter of 2021.
Adjusted EBITDA was $2.2 million, a decrease from $13.8 million in the third quarter of 2021.
Forward Guidance
MediaAlpha anticipates a near-term pullback in marketing spend by P&C insurers during Q4 2022, expecting Transaction Value in the P&C insurance vertical to decline year over year by a similar percentage as in Q3. In the Health vertical, Transaction Value is expected to be down slightly year over year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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