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, Inc. (NYSE: MAX) will release its third quarter 2022 financial results on November 3, 2022, after market close. A Q&A conference call will occur at 2:00 p.m. PT (5:00 p.m. ET) on the same day. Investors can access the live webcast via MediaAlpha's Investor Relations website. Participants are invited to dial in at (888) 330-2022 or (646) 960-0690 with passcode 3195092. An audio replay will be available for two weeks post-call.
MediaAlpha, Inc. (NYSE: MAX) reported Q2 2022 results showing a 34% year-over-year decline in revenue to $103.4 million and a 29% drop in transaction value to $182.9 million. The gross margin fell to 15.0% from 15.9% a year prior, while the net loss escalated to $(13.0) million compared to $(0.4) million in Q2 2021. Looking forward, MediaAlpha anticipates a 46% decline in transaction value and revenue for Q3 2022 amid ongoing challenges in the property & casualty sector. Adjusted EBITDA is expected between breakeven and $1.5 million, representing a 95% decline.
MediaAlpha, Inc. (NYSE: MAX) announced the release of its second quarter 2022 financial results on August 4, 2022, after market close. A Q&A conference call will occur at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) the same day to discuss these results. The call will be accessible via a live webcast on the MediaAlpha Investor Relations website. Participants can also join by phone using toll-free numbers. An audio replay will be available for two weeks following the call.
MediaAlpha, Inc. (NYSE: MAX) has launched a new browse-and-buy feature on its MediaAlpha for Agents platform, revolutionizing the process for insurance agents. This option allows agents to purchase leads on a cost-per-lead or cost-per-connection basis, improving flexibility and transparency. Agents can now view a real-time feed of available leads, ensuring they can acquire leads that might otherwise be missed. With high-quality leads vetted for quality, this initiative aims to enhance customer acquisition and agent satisfaction.
MediaAlpha (NYSE:MAX) has extended its partnership with The Zebra for four more years, enhancing monetization through exclusive access to insurance comparison ads. This agreement, which builds on a relationship dating back to 2015, allows insurance carriers to reach millions of The Zebra’s users. The deal aims to optimize revenue and improve consumer experiences by providing streamlined quote comparisons for auto and home insurance, leveraging MediaAlpha’s sophisticated advertising tools.
MediaAlpha, Inc. (NYSE: MAX) reported a first-quarter revenue of $143 million, an 18% decrease year-over-year. The total transaction value was $239 million, down 9% year-over-year, with Property & Casualty (P&C) declining 19% to $148 million, while Health insurance grew 20% to $60 million. The company experienced a net loss of $9.8 million, compared to a net income of $0.2 million in Q1 2021. Looking ahead, MediaAlpha anticipates a continued year-over-year decline, projecting Q2 revenue between $110 million - $120 million and transaction value between $180 million - $195 million.
MediaAlpha, Inc. (NYSE: MAX) announces its participation in two investor conferences: the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference on May 25 at 3:10 p.m. ET and the William Blair 42nd Annual Growth Stock Conference on June 8 at 12:00 p.m. CT. Live webcasts of these presentations will be available on the MediaAlpha Investor Relations website, allowing investors to access audio replays for two weeks post-event.
MediaAlpha, Inc. (NYSE: MAX) will announce its first-quarter 2022 financial results on May 5, 2022, after the market closes. A Q&A conference call will take place at 2:00 p.m. PT (5:00 p.m. ET) that same day to discuss the results. Investors can access the live webcast on the company's Investor Relations website. A toll-free dial-in option is available at (888) 330-2022. An audio replay will be accessible for two weeks post-call.
MediaAlpha, Inc. (NYSE: MAX) announced a new share repurchase program, approving up to $5.0 million for buying back its Class A common stock. The repurchases are anticipated to occur during the second and third quarters of 2022, reflecting management's confidence in the company's strong cash flow. The program aims to optimize shareholder value while allowing funds for organic growth and acquisitions. Repurchases will be funded through available cash and ongoing operations, with management determining the timing based on market conditions and other factors.
MediaAlpha (NYSE: MAX) reported Q4 2021 revenue of $162 million, a 15% decline year-over-year. The full-year revenue increased by 10% to $645 million. Transaction Value for Q4 was $245 million, down 5%; however, it rose 25% for the year to $1 billion. The Q4 Property & Casualty sector saw a 24% decline to $120 million, while the Health sector grew 29% to $99 million. The company's net loss for Q4 was $4 million, improved from a $13.2 million loss in 2020. CHT acquisition aims to strengthen their Health insurance vertical.
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