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Sep 30, 2023
MediaAlpha Q3 2023 Earnings Report
Announced third quarter 2023 financial results, reflecting solid execution and Adjusted EBITDA growth despite challenging market conditions in the P&C insurance vertical.
Key Takeaways
MediaAlpha reported a revenue of $74.6 million, a decrease of 16% year over year. Despite this, the company grew Adjusted EBITDA year over year, driven by gross margin expansion and disciplined expense management.
Revenue was $74.6 million, down 16% year over year.
Transaction Value was $109.0 million, down 26% year over year.
Gross margin was 16.5%, compared with 14.2% in the third quarter of 2022.
Adjusted EBITDA was $3.6 million, compared with $2.2 million in the third quarter of 2022.
Forward Guidance
For the fourth quarter of 2023, MediaAlpha expects Transaction Value between $145 million - $160 million, Revenue between $106 million - $116 million, and Adjusted EBITDA between $9.5 million and $11.5 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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