MediaAlpha delivered record third quarter results, with revenue increasing by 18% year over year to $306.5 million and transaction value growing by 30% to $589.3 million. The Property & Casualty insurance vertical was a significant driver of this growth, achieving a record transaction value of $548 million. Net income rose to $17.6 million, and Adjusted EBITDA reached $29.1 million, indicating strong operational performance. The company also authorized a new $50 million share repurchase program, demonstrating a commitment to shareholder value.
Revenue increased by 18% year over year to $306.5 million in Q3 2025.
Total Transaction Value grew by 30% year over year to $589.3 million, with Property & Casualty insurance transaction value reaching a record $548 million.
Net income for the quarter was $17.6 million, a significant increase from $11.9 million in Q3 2024.
Adjusted EBITDA improved to $29.1 million, up from $26.3 million in the same period last year.
MediaAlpha anticipates continued positive momentum in the fourth quarter of 2025, with strong growth expected in the P&C insurance vertical, while the Health insurance vertical is projected to decline. Overall transaction value is expected to increase, but revenue and Adjusted EBITDA are forecasted to decrease year over year.
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