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Pretty great earnings
$MediaAlpha (MAX.US)$ MEDIAALPHA ANNOUNCES SECOND QUARTER 2024
FINANCIAL RESULTS
•Revenue of $178 million, up 110% year over year
•Transaction Value of $322 million, up 156% year over year
•Transaction Value from Property & Casualty up 320% year over year to $255 million
•Transaction Value from Health up 9% year over year to $55 million
Los Angeles, CA (July 31, 2024) – MediaAlpha, Inc. (NYSE: MAX), today announced its financial results for the second quarter ended June 30, 2024.
“We had an outstanding second quarter, underscoring the strength of our business model and solid execution. Our quarterly performance was the strongest in our history, with Transaction Value and Adjusted EBITDA reaching record levels,” said MediaAlpha co-founder and CEO Steve Yi. “Looking ahead, we expect continued strong growth and market share gains as the recovery in our Property and Casualty insurance vertical builds momentum.”
Second Quarter 2024 Financial Results
•Revenue of $178.3 million, an increase of 110% year over year;
•Transaction Value of $321.8 million, an increase of 156% year over year;
•Gross margin of 17.8%, compared with 16.2% in the second quarter of 2023;
•Contribution Margin(1) of 18.9%, compared with 19.5% in the second quarter of 2023;
•Net income was $4.4 million, compared with a net loss of $(20.0) million in the second quarter of 2023; and
•Adjusted EBITDA(1) was $18.7 million, compared with $3.6 million in the second quarter of 2023.
FINANCIAL RESULTS
•Revenue of $178 million, up 110% year over year
•Transaction Value of $322 million, up 156% year over year
•Transaction Value from Property & Casualty up 320% year over year to $255 million
•Transaction Value from Health up 9% year over year to $55 million
Los Angeles, CA (July 31, 2024) – MediaAlpha, Inc. (NYSE: MAX), today announced its financial results for the second quarter ended June 30, 2024.
“We had an outstanding second quarter, underscoring the strength of our business model and solid execution. Our quarterly performance was the strongest in our history, with Transaction Value and Adjusted EBITDA reaching record levels,” said MediaAlpha co-founder and CEO Steve Yi. “Looking ahead, we expect continued strong growth and market share gains as the recovery in our Property and Casualty insurance vertical builds momentum.”
Second Quarter 2024 Financial Results
•Revenue of $178.3 million, an increase of 110% year over year;
•Transaction Value of $321.8 million, an increase of 156% year over year;
•Gross margin of 17.8%, compared with 16.2% in the second quarter of 2023;
•Contribution Margin(1) of 18.9%, compared with 19.5% in the second quarter of 2023;
•Net income was $4.4 million, compared with a net loss of $(20.0) million in the second quarter of 2023; and
•Adjusted EBITDA(1) was $18.7 million, compared with $3.6 million in the second quarter of 2023.
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Trytosaveabit OP : Oh yeah if you get a chance look at the outlook for Q3 in the shareholder letter! Its page 3 on the 8K filed about a hour ago!