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MediaAlpha, Inc. - MAX STOCK NEWS

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.

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MediaAlpha, Inc. (NYSE: MAX) announced the release of its fourth quarter and full year 2021 financial results on February 24, 2022, after market close. A conference call for Q&A regarding these results is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day. Interested parties can access the live webcast on MediaAlpha's Investor Relations website and may also participate via toll-free numbers. An audio replay will be available for two weeks following the call.

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MediaAlpha, Inc. (NYSE: MAX) has announced that Steve Yi, Co-Founder and CEO, will host a virtual fireside chat at the Wolfe Research Inaugural Insurance Forum on December 2, 2021, at 12:30 p.m. Eastern Time. The event will be available for live streaming and will also be archived for a limited time on MediaAlpha’s investor relations website. Interested participants can register for the event through the provided link.

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MediaAlpha, Inc. (NYSE: MAX) reported a 1% year-over-year revenue increase to $153 million for Q3 2021, highlighting a robust 17% growth in Transaction Value to $255 million. However, the Property & Casualty segment faced challenges, with revenue declining by 8%. The Health insurance sector saw a 25% growth in revenue. Despite these results, the company anticipates lower guidance for Q4 2021 due to reduced marketing investments from P&C partners, projecting an 18% revenue decline and a 23% drop in Adjusted EBITDA at midpoint.

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MediaAlpha, Inc. (NYSE: MAX) disclosed preliminary financial information for the fiscal quarter ending September 30, 2021, through White Mountains Insurance Group's 10-Q filing. Key figures include total revenues of $152.7 million and total expenses of $157.0 million, resulting in a net loss of $4.3 million. Total assets stand at $245.5 million, while total liabilities are $318.4 million. White Mountains holds approximately 28% ownership of MediaAlpha. The official financial results will be reported on November 10, 2021.

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MediaAlpha, Inc. (NYSE: MAX) announced that CEO Steve Yi will participate in a virtual fireside chat at the 2021 RBC Capital Markets Global Technology, Internet, Media and Telecom Virtual Conference.

The event is scheduled for Wednesday, November 17, 2021, at 1:20 p.m. Eastern Time. A live webcast will be available and archived for a limited time on MediaAlpha's investor relations website, here.

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MediaAlpha, Inc. (NYSE: MAX) has appointed Patrick Thompson as its new Chief Financial Officer, effective December 6, 2021. Thompson joins from Expedia Group, where he led significant finance operations over 11 years, managing billions in revenue. He is expected to enhance financial strategies at MediaAlpha, especially as online insurance shopping grows, providing new opportunities for customer acquisition. CEO Steve Yi praised Thompson's proven leadership and operational efficiency.

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MediaAlpha, Inc. (NYSE: MAX) will release its third quarter 2021 financial results on November 10, 2021, after market close. The company has scheduled a Q&A conference call at 2:00 p.m. Pacific Time to discuss these results. Investors can access a live webcast of the call on MediaAlpha’s Investor Relations website. A replay of the conference call will be available for two weeks post-event. This announcement suggests the company is maintaining transparency with investors ahead of its earnings report.

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MediaAlpha, Inc. (NYSE: MAX) will participate in a virtual fireside chat at Citi’s 2021 Global Technology Virtual Conference on September 14, 2021, at 3:30 p.m. Eastern Time. The chat will feature Steve Yi, Co-Founder and CEO, and Tigran Sinanyan, CFO. Investors can register for the event through a provided link. The presentation will be webcast live and made available for a limited time on MediaAlpha’s investor relations website. For further inquiries, investors can reach out via email.

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MediaAlpha, Inc. (NYSE: MAX) reported strong second quarter results for 2021, with revenue of $157.4 million, representing a 27% increase year over year. Transaction Value surged by 46% to $256.5 million, marking the eighth consecutive quarter of over 40% growth. Despite a net loss of $(0.4) million, the company saw improvements in Adjusted EBITDA at $14.7 million, up from $13.2 million in Q2 2020. For Q3 2021, MediaAlpha anticipates revenue between $158 million - $165 million and a total year revenue forecast of $680 million - $710 million.

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MediaAlpha, Inc. (NYSE: MAX) revealed its preliminary financials for the quarter ending June 30, 2021, as disclosed by White Mountains Insurance Group. The company reported total revenues of $157.4 million and total expenses of $157.8 million, resulting in a net loss of $(0.4) million. Total assets stood at $236.4 million, while total liabilities were $315.6 million. White Mountains holds approximately 28% ownership in MediaAlpha. The company plans to release detailed financial results on August 12, 2021.

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FAQ

What is the current stock price of MediaAlpha (MAX)?

The current stock price of MediaAlpha (MAX) is $12.73 as of November 22, 2024.

What is the market cap of MediaAlpha (MAX)?

The market cap of MediaAlpha (MAX) is approximately 709.9M.

What is MediaAlpha, Inc.?

MediaAlpha, Inc. (NYSE: MAX) is a company specializing in performance-based digital advertising technology, operating the MediaAlpha Exchange for vertical-specific performance media.

What is the MediaAlpha Exchange?

The MediaAlpha Exchange is a real-time bidding (RTB) enabled clearinghouse for vertical-specific performance media, particularly in the insurance sector, handling over $10 million in transactions each month.

How does MediaAlpha generate revenue?

MediaAlpha generates revenue by earning fees for each consumer referral sold on its platform, focusing on property & casualty insurance, health insurance, and life insurance.

What recent achievements has MediaAlpha accomplished?

Recently, MediaAlpha saw significant transactions, including White Mountains Insurance Group's purchase of over 5.9 million shares. The company also reported growth in Adjusted EBITDA for Q3 2023.

What are MediaAlpha's core business areas?

MediaAlpha's core business areas are property & casualty insurance, health insurance, and life insurance.

How does MediaAlpha's platform benefit advertisers?

Advertisers benefit from advanced targeting, analytics, and optimization capabilities, which maximize their ROI from click, call, and lead media purchased across various sources.

What is the significance of MediaAlpha's transparency in operations?

MediaAlpha's transparency allows premium publishers to present a clearer picture to buyers, differentiate themselves from low-quality impressions, and maximize their revenue.

Where does MediaAlpha operate?

MediaAlpha operates primarily within the United States.

What future growth strategies does MediaAlpha have?

MediaAlpha aims to accelerate growth by leveraging the shift of insurance shopping to online channels and improving market conditions, particularly in the property & casualty insurance vertical.

Who manages MediaAlpha's recent public offerings?

MediaAlpha's recent public offerings of Class A common stock were managed by J.P. Morgan and Goldman Sachs & Co. LLC, among others.

MediaAlpha, Inc.

NYSE:MAX

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709.88M
33.07M
39.89%
57.47%
4.21%
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