MediaAlpha reported a 15% year-over-year decrease in revenue for Q4 2021, totaling $161.6 million. Transaction Value also decreased by 5% year-over-year. However, the Health insurance vertical experienced growth. The company also announced the acquisition of Customer Helper Team LLC (CHT).
Q4 revenue was $162 million, a 15% decrease year-over-year.
Q4 Transaction Value was $245 million, a 5% decrease year-over-year.
Transaction Value from Property & Casualty decreased by 24% year-over-year to $120 million.
Transaction Value from Health increased by 29% year-over-year to $99 million.
For Q1 2022, MediaAlpha anticipates lower customer acquisition investments by P&C insurance carrier partners, but expects continued momentum in the Health insurance vertical. They do not anticipate material revenue or EBITDA contribution from CHT in Q1 2022. Given uncertainty around the P&C market recovery, full year 2022 guidance is not provided.
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