MediaAlpha, Inc. reports developments tied to its programmatic customer acquisition platform for the insurance industry. The company connects insurance carriers with online shoppers through marketplaces serving property and casualty, health, life insurance and related categories, with revenue tied to consumer referrals sold through its platform.
Recurring updates include quarterly and annual results, transaction activity in insurance verticals, carrier participation, the Open Marketplace, AI-powered targeting and conversational insurance-shopping tools, share repurchases, board composition, governance matters and workplace-culture recognition.
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MediaAlpha, Inc. (NYSE: MAX) is set to release its first quarter 2023 financial results on May 4, 2023, after market close. The company will hold a Q&A conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss these results. Investors can access a live webcast on the MediaAlpha Investor Relations website and participate via dial-in numbers, toll-free at (888) 330-2022 or (646) 960-0690, using passcode 3195092. An audio replay will be available for two weeks post-call.
MediaAlpha reported its Q4 2022 revenue at $124 million, a 23% decrease year-over-year, while full-year revenue fell 29% to $459 million. Transaction Value also declined 31% to $169 million in Q4, with the full year at $738 million, down 28%. Notably, Transaction Value from Property & Casualty dropped 53% in Q4, totaling $57 million, but Health insurance remained stable at $99 million. Looking forward, Q1 2023 guidance estimates Transaction Value between $180 million and $195 million, reflecting a 22% year-over-year decline. CEO Steve Yi remains cautiously optimistic about recovery in the P&C vertical.
MediaAlpha, Inc. (NYSE: MAX) will release its fourth quarter and full year 2022 financial results on February 23, 2023, after market close. A Q&A conference call is scheduled for 2:00 p.m. PT (5:00 p.m. ET) on the same day to discuss these results. Investors can access the live webcast on MediaAlpha’s Investor Relations website at https://investors.mediaalpha.com. Participants may also join by phone, toll-free at (888) 330-2022 or (646) 960-0690, using passcode 3195092. An audio replay will be available for two weeks following the call.