Welcome to our dedicated page for MediaAlpha news (Ticker: MAX), a resource for investors and traders seeking the latest updates and insights on MediaAlpha stock.
MediaAlpha, Inc. (NYSE: MAX) is an innovative leader in performance-based digital advertising technology, fundamentally transforming how performance media is bought and sold. The company operates the MediaAlpha Exchange, a transparent, real-time bidding (RTB) enabled clearinghouse for vertical-specific performance media, particularly in the insurance sector. Handling over $10 million in advertising transactions each month, MediaAlpha provides a platform that facilitates insurance carriers and distributors to target and acquire customers effectively.
The company's technology platform connects insurance carriers with consumers through a real-time, transparent, and results-driven ecosystem. MediaAlpha's Exchange allows advertisers to target high-intent customers using structured search, first-party, and third-party data. Advertisers benefit from advanced targeting, analytics, and optimization capabilities, maximizing ROI from click, call, and lead media purchased across various sources.
One of MediaAlpha's key differentiators is the transparency it offers, providing premium publishers the opportunity to present a clearer picture to buyers and differentiate themselves from low-quality impressions. This transparency, combined with MediaAlpha's real-time demand management capabilities, allows publishers to maximize their revenue.
MediaAlpha's operations are primarily within the United States, generating revenue through fees for each consumer referral sold on its platform. The company focuses on three main areas: property & casualty insurance, health insurance, and life insurance.
Recent achievements include a significant transaction with White Mountains Insurance Group, where White Mountains purchased over 5.9 million shares at $10 per share, illustrating strong investor interest and financial stability. MediaAlpha reported solid third quarter results for 2023, with growth in Adjusted EBITDA, despite challenging market conditions in the property & casualty insurance vertical. CEO Steve Yi highlighted the continued benefits of shifting insurance shopping to online channels and anticipated growth acceleration as market conditions improve.
For the fourth quarter of 2023, MediaAlpha projected ongoing challenges in the property & casualty insurance vertical but anticipated stable performance in the health insurance vertical. The company also hosted a Q&A conference call to discuss its third quarter results and fourth quarter financial outlook, emphasizing their strategy for future growth.
In 2024, MediaAlpha launched multiple secondary public offerings of Class A common stock, reflecting strong market confidence. These offerings were managed by leading financial institutions like J.P. Morgan and Goldman Sachs & Co., reinforcing the company's robust market position.
MediaAlpha (NYSE: MAX) reported strong Q3 2024 financial results with revenue reaching $259.1 million, up 247% year over year. The company's Transaction Value increased 314% to $451.8 million, driven by a 766% growth in Property & Casualty insurance to $387 million. Net income was $11.9 million, compared to a net loss of $(18.7) million in Q3 2023. Adjusted EBITDA rose to $26.3 million from $3.6 million year over year. For Q4 2024, MediaAlpha expects Transaction Value between $470-495 million and revenue between $275-295 million, with Adjusted EBITDA projected at $29.5-32.5 million.
MediaAlpha, Inc. (NYSE: MAX) has announced that it will release its third quarter 2024 financial results on Wednesday, October 30, 2024, after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
A live webcast of the call will be available on MediaAlpha's Investor Relations website. Participants can register for the webcast or dial in toll-free at (800) 715-9871 or (646) 307-1963, with passcode 2616289. An audio replay of the conference call will be accessible for two weeks following the call on the company's investor relations website.
MediaAlpha (NYSE: MAX) and Insurify have extended their publishing partnership with a new multi-year agreement. This collaboration allows MediaAlpha's programmatic customer acquisition platform to connect leading auto and home insurance carriers with Insurify's high-intent shoppers. The partnership, which began in 2015, has contributed to Insurify's business growth of over $200 billion in insurance policy sales.
As the auto insurance market recovers, MediaAlpha aims to help Insurify scale rapidly to meet growing demand from carriers transitioning to digital direct-to-consumer distribution. Insurify, one of MediaAlpha's largest supply partners, enables carriers to market to a diverse mix of highly qualified insurance shoppers, supporting its mission to empower consumers in finding the best insurance policies.
MediaAlpha (NYSE: MAX), the leading programmatic customer acquisition platform for the insurance industry, has announced its participation in the Goldman Sachs Communacopia + Technology Conference in San Francisco. Co-Founder and CEO Steve Yi and CFO Pat Thompson will engage in a fireside chat on September 12th at 10:10am PT.
The event will be webcast live on MediaAlpha's Investor Relations website at https://investors.mediaalpha.com. For those unable to attend in person, a replay of the presentation will be made available shortly after the conference concludes, providing investors and interested parties with an opportunity to gain insights into the company's strategies and performance.
The Schall Law Firm announces an investigation into MediaAlpha, Inc. (NYSE:MAX) for potential securities law violations. The probe stems from a Wolfpack Research report published on June 24, 2024, titled 'MAX: Our Investigation Reveals MAX Is Participating in Consumer Fraud.' The report alleges that MediaAlpha engages in deceptive practices to obtain consumer information for health insurance leads, claiming that up to 78% of MediaAlpha's Health Insurance lead-buying partners may be involved in fraudulent activities or violating telemarketing laws. Shareholders who suffered losses are encouraged to participate in the investigation. The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation.
MediaAlpha, Inc. (NYSE: MAX) announced that Co-Founder and CEO Steve Yi will participate in a fireside chat at Canaccord Genuity's 44th Annual Growth Conference.
The event is scheduled for Tuesday, August 13th at 3:30pm ET in Boston, MA. A live webcast of the presentation will be available on MediaAlpha’s Investor Relations website (investors.mediaalpha.com), with a replay accessible shortly after the conference.
Contact for investors: Denise Garcia, Hayflower Partners (Denise@HayflowerPartners.com).
MediaAlpha (NYSE: MAX) reported strong financial results for Q2 2024, with revenue up 110% year-over-year to $178.3 million and Transaction Value increasing 156% to $321.8 million. The company's Property & Casualty vertical saw a remarkable 320% growth in Transaction Value, while the Health vertical grew by 9%. Net income reached $4.4 million, compared to a $20 million loss in Q2 2023. Adjusted EBITDA rose to $18.7 million from $3.6 million last year.
For Q3 2024, MediaAlpha projects Transaction Value between $415-$435 million (290% YoY increase), revenue of $240-$255 million (232% YoY increase), and Adjusted EBITDA of $22-$24 million (541% YoY increase). The company expects continued strong growth and market share gains in its Property and Casualty insurance vertical.
MediaAlpha (NYSE: MAX) has announced that it will release its second quarter 2024 financial results on Wednesday, July 31, 2024 after market close. The company will host a Q&A conference call to discuss these results at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day.
A live webcast of the call will be available on MediaAlpha's Investor Relations website. Participants can register for the webcast or dial in toll-free at (800) 715-9871 or (646) 307-1963, with passcode 3956918. An audio replay of the conference call will be available for two weeks following the call on the company's investor relations website.
MediaAlpha, Inc. announced the closing of a secondary public offering of 7,590,000 shares of its Class A common stock by White Mountains Insurance Group and Insignia Capital Group at an offering price of $19.00 per share. J.P. Morgan and Goldman Sachs & Co. acted as joint bookrunners for the offering. MediaAlpha did not sell any shares and did not receive proceeds from the offering.
MediaAlpha, Inc. (NYSE: MAX) will present at the upcoming 52nd Annual J.P. Morgan Global Technology, Media and Communications Conference and the 44th Annual William Blair Growth Stock Conference. The presentations will be webcast live and archived on MediaAlpha's investor relations website.
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