Earnings summaries and quarterly performance for MediaAlpha.
Executive leadership at MediaAlpha.
Board of directors at MediaAlpha.
Research analysts who have asked questions during MediaAlpha earnings calls.
Eric Sheridan
Goldman Sachs
4 questions for MAX
Also covers: ABNB, ACVA, AMZN +47 more
AK
Andrew Kligerman
TD Cowen
3 questions for MAX
Also covers: ABL, ACGL, AJG +22 more
Benjamin Hendrix
RBC Capital Markets
3 questions for MAX
Also covers: ACHC, ADUS, AHCO +25 more
MR
Maria Ripps
Morgan Stanley
3 questions for MAX
Also covers: BARK, DSP, DV +13 more
Michael Zaremski
BMO Capital Markets
3 questions for MAX
Also covers: ACGL, AFG, AIG +25 more
CC
Cory Carpenter
JPMorgan Chase & Co.
2 questions for MAX
Also covers: ANGI, APP, BMBL +16 more
Jack Matten
BMO Capital Markets
2 questions for MAX
Also covers: AFL, CNO, CRBG +7 more
JL
Jing Li
Keefe, Bruyette & Woods (KBW)
2 questions for MAX
Also covers: AFG, AJG, ALL +2 more
MG
Michael Graham
D.A. Davidson & Co.
2 questions for MAX
Also covers: ACVA, DKNG, EVER +3 more
MM
Michael Murray
RBC Capital Markets
2 questions for MAX
Also covers: ADUS, AHCO, AMED +8 more
TM
Tommy McJoynt
Keefe, Bruyette & Woods (KBW)
2 questions for MAX
Also covers: AGO, AII, AIZ +11 more
DP
Daniel Pfeiffer
JPMorgan Chase & Co.
1 question for MAX
Also covers: FTDR, IAC, MYPS
JR
Jade Rahmani
Keefe, Bruyette & Woods
1 question for MAX
Also covers: ABR, ACRE, AMH +22 more
Thomas Mcjoynt-Griffith
Keefe, Bruyette & Woods
1 question for MAX
Also covers: AGO, AII, AIZ +9 more
Recent press releases and 8-K filings for MAX.
MediaAlpha Reports Record 2025 Results and Provides Q1 2026 Guidance
MAX
Earnings
Guidance Update
Share Buyback
- MediaAlpha achieved a record year in 2025, with $2 billion in Transaction Value, $1 billion in revenue, and $100 million in Adjusted EBITDA for the first time.
- In Q4 2025, Transaction Value increased 23% year-over-year to $613 million, driven by 38% growth in the P&C vertical, and Adjusted EBITDA of $30.8 million was above the high end of guidance.
- For Q1 2026, the company expects Transaction Value between $570 million - $595 million (up approximately 23% year-over-year at midpoint) and revenue of $285 million - $305 million (up approximately 12% year-over-year at midpoint).
- MediaAlpha generated $99 million in free cash flow in 2025 and increased its share repurchase program by $50 million to a total of $100 million, with the majority planned for 2026.
- The P&C business shows strong momentum, with Q4 P&C click volume up more than 20% year-over-year, benefiting from AI-driven search and a focus on scaling under-penetrated carriers.
5 days ago
MediaAlpha Announces Q4 and Full Year 2025 Financial Results
MAX
Earnings
- MediaAlpha reported revenue of $291.2 million for Q4 2025, marking a (3)% year-over-year change, and $1,113.6 million for the full year 2025, representing a 29% year-over-year increase.
- The company's net income for Q4 2025 was $34.0 million, a 365% increase year-over-year, while the full year 2025 net income was $26.8 million, up 21% year-over-year.
- Adjusted EBITDA for Q4 2025 was $30.8 million, a (16)% decrease year-over-year, and for the full year 2025, it was $113.7 million, an 18% increase year-over-year.
- Transaction Value reached $613.0 million in Q4 2025, up 23% year-over-year, and $2,156.2 million for the full year 2025, an increase of 45% year-over-year.
5 days ago
MediaAlpha Reports Strong Q4 2025 Results and Provides Q1 2026 Guidance
MAX
Earnings
Guidance Update
Share Buyback
- MediaAlpha delivered strong Q4 2025 results with $30.8 million in Adjusted EBITDA and $613 million in Transaction Value. The company achieved record full-year 2025 milestones, including over $2 billion in Transaction Value, $1 billion in revenue, and $100 million in Adjusted EBITDA.
- In 2025, MediaAlpha generated $99 million in free cash flow and completed $47.3 million worth of share repurchases, representing approximately 7% of shares outstanding. The board has authorized a $50 million increase to the share repurchase program, bringing the total to $100 million, with the majority expected to be completed in 2026.
- For Q1 2026, MediaAlpha expects Transaction Value between $570 million and $595 million, revenue between $285 million and $305 million, and Adjusted EBITDA between $29.5 million and $31.5 million.
- The P&C insurance vertical experienced significant growth, with Q4 2025 P&C click volume increasing by more than 20% year-over-year. The company is focused on scaling under-penetrated carriers and leveraging AI to enhance its platform, expecting continued positive momentum for the full year and beyond.
5 days ago
MediaAlpha Reports Record 2025 Financials and Strong Q4 Results, Provides Q1 2026 Guidance
MAX
Earnings
Guidance Update
Share Buyback
- MediaAlpha achieved record financial milestones in 2025, including $2 billion in Transaction Value, $1 billion in revenue, and $100 million in Adjusted EBITDA.
- The company reported strong Q4 2025 results, with Adjusted EBITDA of $30.8 million exceeding guidance, and provided Q1 2026 guidance expecting Transaction Value between $570 million and $595 million and revenue between $285 million and $305 million.
- Driven by 35% year-over-year growth in its P&C vertical, MediaAlpha anticipates continued positive momentum in 2026, with AI innovation creating tailwinds for the business.
- MediaAlpha generated $99 million of free cash flow in 2025 and authorized a $50 million increase to its share repurchase program, bringing the total to $100 million, with the vast majority expected to be completed in 2026.
5 days ago
MediaAlpha Announces Fourth Quarter and Full Year 2025 Financial Results
MAX
Earnings
Share Buyback
Guidance Update
- MediaAlpha reported record full-year 2025 revenue of $1.1 billion, transaction value of $2.2 billion, net income of $26.8 million, and Adjusted EBITDA of $113.7 million.
- For Q4 2025, the company announced revenue of $291 million, transaction value of $613 million, net income of $34.0 million, and Adjusted EBITDA of $30.8 million.
- The Board of Directors doubled the share repurchase authorization to $100 million, with $86 million currently outstanding and expected to be completed by the vast majority by the end of 2026.
- Property & Casualty (P&C) Transaction Value increased by 38% year-over-year to $552 million in Q4 2025 and 65% year-over-year to $1.9 billion for the full year 2025, while Health Transaction Value decreased by 40% in Q4 2025 and 32% for the full year 2025.
- For Q1 2026, MediaAlpha expects Transaction Value between $570 million - $595 million and Revenue between $285 million - $305 million.
5 days ago
MediaAlpha Announces Record Full-Year 2025 Results and Increased Share Repurchase Program
MAX
Earnings
Guidance Update
Share Buyback
- MediaAlpha reported record full-year 2025 revenue of $1.1 billion, transaction value of $2.2 billion, net income of $26.8 million, and Adjusted EBITDA of $113.7 million.
- For the fourth quarter of 2025, the company announced revenue of $291 million, transaction value of $613 million, net income of $34.0 million, and Adjusted EBITDA of $30.8 million.
- The Board of Directors doubled the share repurchase authorization to $100 million.
- For the first quarter of 2026, MediaAlpha expects Transaction Value between $570 million - $595 million, Revenue between $285 million - $305 million, and Adjusted EBITDA between $29.5 million - $31.5 million.
5 days ago
MAX Reports Strong Q3 2025 Results and Provides Q4 2025 Guidance
MAX
Earnings
Guidance Update
Share Buyback
- MAX reported Q3 2025 transaction value of $589 million, up 30% year-over-year, and Adjusted EBITDA of $29.1 million, up 11% year-over-year, primarily fueled by 41% growth in the P&C vertical. For Q4 2025, the company guides for transaction value between $620 million and $645 million (up 27% at midpoint) and Adjusted EBITDA between $27.5 million and $29.5 million (down 22% at midpoint), with P&C transaction value expected to grow approximately 45% year-over-year.
- The health vertical's transaction value declined 40% year-over-year in Q3 and is expected to decline 45% year-over-year in Q4, primarily due to a reset in the under 65 segment, which is stabilizing at a lower baseline. The company expects its take rate to be approximately 7% in Q4 and early 2026, with potential uplift longer-term as broader carrier demand shifts more spend to the open marketplace.
- Management anticipates a multi-year soft market in P&C insurance, sustaining healthy marketing spend, and sees long-term potential in the Medicare Advantage market. MAX repurchased approximately 5% of its outstanding shares for $32.9 million in Q3 and authorized a new share repurchase of up to $50 million.
Oct 29, 2025, 9:00 PM
MediaAlpha Reports Q3 2025 Financial Results
MAX
Earnings
Revenue Acceleration/Inflection
- MediaAlpha reported a Transaction Value of $589 million for Q3 2025 and $2.0 billion for the LTM Q3 2025 period.
- Adjusted EBITDA reached $29 million in Q3 2025 and $120 million for LTM Q3 2025, marking a 66% year-over-year growth for the LTM period.
- The Property & Casualty (P&C) segment was a primary growth driver, contributing $548 million to Q3 2025 Transaction Value and $1,791 million for LTM Q3 2025.
- The company demonstrated strong partner loyalty with 100% 1-Year Retention and 96% 3-Year Retention among its Top 25 Supply and Demand Partners.
Oct 29, 2025, 9:00 PM
MediaAlpha Announces Strong Q3 2025 Financial Results and New Share Repurchase Program
MAX
Earnings
Guidance Update
Share Buyback
- MediaAlpha reported strong third quarter 2025 financial results, with revenue increasing 18% year-over-year to $306.5 million and Transaction Value growing 30% year-over-year to $589.3 million. Net income for the quarter was $17.6 million, and Adjusted EBITDA reached $29.1 million, an 11% increase year-over-year.
- The growth was primarily driven by the Property & Casualty (P&C) insurance vertical, which saw its Transaction Value increase 41% year-over-year to $548 million. This offset a 40% year-over-year decline in Transaction Value from the Health insurance vertical to $33 million.
- The Board of Directors authorized a new $50 million share repurchase program, following the repurchase of approximately 3.2 million shares for $32.9 million in Q3 2025. For the fourth quarter of 2025, the company expects Transaction Value between $620 million and $645 million, Revenue between $280 million and $300 million, and Adjusted EBITDA between $27.5 million and $29.5 million.
Oct 29, 2025, 8:12 PM
MediaAlpha Announces Third Quarter 2025 Financial Results and New Share Repurchase Program
MAX
Earnings
Guidance Update
Share Buyback
- MediaAlpha reported Q3 2025 revenue of $306.5 million, an 18% year-over-year increase, with net income of $17.6 million.
- Transaction Value rose 30% year over year to $589.3 million in Q3 2025, primarily fueled by a 41% increase in Property & Casualty insurance to $548 million.
- For Q4 2025, the company expects Transaction Value between $620 million and $645 million (up 27% at midpoint) and Revenue between $280 million and $300 million (down 4% at midpoint).
- The Board of Directors authorized a new $50 million share repurchase program.
Oct 29, 2025, 8:10 PM
Quarterly earnings call transcripts for MediaAlpha.
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