Core Insights - EverQuote (EVER) reported revenue of $166.63 million for the quarter ended March 2025, marking an 83% year-over-year increase and a surprise of +5.41% over the Zacks Consensus Estimate of $158.08 million [1] - The earnings per share (EPS) for the same period was $0.38, compared to $0.05 a year ago, resulting in an EPS surprise of +18.75% against the consensus estimate of $0.32 [1] Financial Performance Metrics - Variable Marketing Dollars amounted to $46.86 million, exceeding the six-analyst average estimate of $45.41 million [4] - Automotive revenue reached $152.72 million, surpassing the average estimate of $143.04 million from four analysts, representing a significant year-over-year increase of +97% [4] - Home and Renters revenue was reported at $13.90 million, slightly below the four-analyst average estimate of $15.32 million, with a year-over-year change of +9.6% [4] - Other revenue was only $0.01 million, significantly lower than the three-analyst average estimate of $0.24 million, reflecting a drastic year-over-year decline of -98.5% [4] Stock Performance - EverQuote's shares have returned +23.3% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating potential for outperformance in the near term [3]

Core Viewpoint - EverQuote (EVER) reported quarterly earnings of $0.38 per share, exceeding the Zacks Consensus Estimate of $0.32 per share, and showing significant growth from $0.05 per share a year ago, indicating strong performance in the insurance sector [1][2]. Financial Performance - The company achieved revenues of $166.63 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.41%, and up from $91.07 million year-over-year [2]. - Over the last four quarters, EverQuote has consistently exceeded consensus EPS estimates, demonstrating a strong earnings performance [2]. Stock Performance - EverQuote shares have increased approximately 33.6% since the beginning of the year, contrasting with a decline of -3.3% in the S&P 500 [3]. - The stock currently holds a Zacks Rank 1 (Strong Buy), indicating expectations for continued outperformance in the near future [6]. Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.29 on revenues of $150.15 million, and for the current fiscal year, it is $1.20 on revenues of $626.23 million [7]. - The insurance industry, particularly the Insurance - Multi line sector, is currently ranked in the top 25% of Zacks industries, suggesting a favorable environment for stock performance [8].

Financial Data and Key Metrics Changes - Total revenues in Q1 reached $166.6 million, an increase of 83% year-over-year and 13% sequentially [13] - Adjusted EBITDA for Q1 was a record $22.5 million, compared to $7.6 million in the prior year period [17] - Net income for Q1 was $8 million, which would have been $15.9 million excluding a non-cash charge related to divesting assets [16] Business Line Data and Key Metrics Changes - Revenue from the auto insurance vertical was $152.7 million in Q1, up 97% year-over-year [14] - Revenue from home and renters insurance was $13.9 million in Q1, up 10% year-over-year and 23% sequentially [14] - Variable marketing dollars (VMD) increased to $46.9 million for Q1, up 52% from the prior year [14] Market Data and Key Metrics Changes - Strong enterprise carrier spend was up over 175% from the comparable period last year [13] - Paid products per agency increased by 25% year-over-year in March [9] Company Strategy and Development Direction - The company aims to become the number one growth partner to property and casualty (P&C) insurance providers by delivering better-performing referrals, larger traffic scale, and a broader suite of products [6][10] - Investments in technology and AI capabilities are planned for the second half of 2025 to drive operational efficiency and strengthen competitive advantages [19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about carrier profitability, noting that many carriers are exceeding their profitability targets and are focused on growth [24] - The company expects revenue for Q2 to be between $155 million and $160 million, representing 34% year-over-year growth at the midpoint [18] Other Important Information - The company reported strong operating cash flow of $23.3 million for Q1, ending the quarter with no debt and cash and cash equivalents of $125 million [17] - The company is focused on expanding relationships with customers into adjacent growth areas, particularly for local insurance agents [9] Q&A Session Summary Question: Can you provide additional insights on second half trends and carrier profitability? - Management indicated that carrier profitability is favorable, with many carriers operating below their target combined ratios, which supports growth [24][25] Question: How has the industry responded to the vacated FCC rule regarding one-on-one consent? - The company continues to maintain certain mechanisms that were tested during the one-to-one consent period, even after the requirement was lifted [31][32] Question: Can you quantify the impact of TCPA on VMM and the expected benefits from AI and ML? - VMM was 28.1% in Q1, with expectations for a slight increase in Q2, and AI/ML is expected to drive operational efficiency and improve customer outcomes [36][39] Question: What are the results seen in the agent channel after the new platform rollout? - The agent business experienced healthy growth of 20-30% this quarter, with a focus on deepening relationships and expanding offerings [44][45] Question: What are the priorities for cash allocation moving forward? - The company plans to focus on organic investments in technology, potential M&A opportunities, and considering share buybacks [74][78] Question: How should operating expenses be viewed throughout the year? - Operating expenses are expected to remain relatively flat in the near term, with incremental investments planned for technology and AI capabilities in the second half [82][83]

Financial Data and Key Metrics Changes - Total revenues in Q1 reached $166.6 million, an increase of 83% year over year and up 13% sequentially [11] - Adjusted EBITDA for Q1 was a record $22.5 million compared to $7.6 million in the prior year period [14] - Net income for Q1 was $8 million, which would have been $15.9 million excluding a non-cash charge related to divesting assets [13] Business Line Data and Key Metrics Changes - Revenue from the auto insurance vertical was $152.7 million in Q1, up 97% year over year [12] - Revenue from home and renters insurance was $13.9 million in Q1, up 10% year over year and up 23% sequentially [12] - Variable marketing dollars (VMD) increased to $46.9 million for Q1, up 52% from the prior year period [12] Market Data and Key Metrics Changes - Strong enterprise carrier spend was up over 175% from the comparable period last year [11] - Paid products per agency increased by 25% year over year in March [8] Company Strategy and Development Direction - The company aims to become the number one growth partner to property and casualty (P&C) insurance providers by delivering better performing referrals, bigger traffic scale, and a broader suite of products and services [5][6] - The company is focusing on expanding relationships with customers into adjacent growth areas, such as building a one-stop growth shop for local insurance agents [8] - Investments in technology, data assets, and AI capabilities are planned for the second half of 2025 to drive operational efficiency and strengthen competitive advantages [17] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the long-term thesis of insurance advertising spend shifting to digital channels [14] - The outlook for carrier profitability is favorable, with healthy underwriting margins providing a cushion against potential inflation and claims costs [15][22] - The company expects revenue for Q2 to be between $155 million and $160 million, representing 34% year-over-year growth at the midpoint [16] Other Important Information - The company reported strong operating cash flow of $23.3 million for Q1, ending the quarter with no debt and cash and cash equivalents of $125 million [14] - The company is committed to maintaining expense discipline while investing in technology and operational efficiency [9][17] Q&A Session Summary Question: Can you provide additional insights on second half trends and carrier profitability? - Management indicated that carrier profitability is generally favorable, with many carriers overshooting their profitability targets, which supports growth [21][22] Question: How has the industry responded to the vacated FCC rule regarding one-to-one consent? - The company continues to maintain certain practices that were in place prior to the rule change, focusing on improving quality and performance for customers [28][29] Question: Can you discuss the impact of AI and ML on VMM? - Management noted that AI and ML are driving operational efficiency and improving customer outcomes, particularly through the traffic bidding technology [33][34] Question: What are the trends in the agent channel after the new platform rollout? - The agent business is healthy, with growth of 20% to 30% this quarter, and the company is focused on deepening relationships with agents [39][40] Question: What are the capital allocation priorities moving forward? - The company is considering investments in technology, potential M&A opportunities, and share buybacks as part of its capital allocation strategy [69][74]

Business Overview - The company operates a leading online insurance marketplace, connecting consumers and insurance providers[10] - The company's platform leverages over 4 billion consumer data points[14, 26] - The company's distribution model includes approximately 60 carriers and 6,000 third-party agents[14] Market Opportunity and Growth - The P&C distribution and advertising spend market is estimated at $117 billion annually[10, 16] - Digital advertising spend within the P&C insurance market is $7 billion[16] - The estimated digital advertising spend growth is approximately 15% annually from 2023 to 2026[17] - The company's estimated share of the P&C distribution and advertising spend market is less than 1%[17] Financial Performance - Q1 2025 revenue increased by 83% year-over-year to $166.6 million[32, 45] - Adjusted EBITDA for Q1 2025 was $22.5 million, a 197% increase year-over-year[32] - The company achieved record revenue of $500 million in 2024, representing a 74% year-over-year growth[17, 47]

Exhibit 99.1 EverQuote Announces First Quarter 2025 Financial Results CAMBRIDGE, Mass., May 5, 2025 (GLOBE NEWSWIRE) -- EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the first quarter ended March 31, 2025. "2025 is off to a strong start, building on our momentum from last year, and we once again achieved record financial performance across our key financial metrics of revenue, Variable Marketing Dollars or VMD and Adjusted EBITDA," said Jayme M ...

Core Viewpoint - EverQuote, Inc. reported strong financial performance in Q1 2025, achieving record revenue and Adjusted EBITDA, driven by increased marketing budgets from carriers and agents, and a focus on digital advertising in the insurance sector [2][6][7]. Financial Performance - Total revenue for Q1 2025 grew by 83% year-over-year to $166.6 million [6][7]. - Variable Marketing Dollars (VMD) increased by 52% year-over-year to $46.9 million [6][7]. - Net income for Q1 2025 was $8.0 million, compared to $1.9 million in Q1 2024 [6][7]. - Adjusted EBITDA reached a record $22.5 million, up from $7.6 million in the previous year [6][7]. - Operating cash flow improved to $23.3 million from $10.4 million year-over-year [6][7]. Segment Performance - Revenue from the automotive insurance vertical was $152.7 million, a 97% increase year-over-year [7][18]. - Revenue from home and renters insurance grew by 10% to $13.9 million [7][18]. Cash Position - The company ended Q1 2025 with $125.0 million in cash and cash equivalents, a 22% increase from $102.1 million at the end of Q4 2024 [6][14]. Future Outlook - For Q2 2025, the company expects revenue between $155.0 million and $160.0 million, representing a 34% year-over-year growth at the midpoint [6][7]. - VMD is projected to be between $45.0 million and $47.0 million, indicating a 26% year-over-year growth at the midpoint [6][7]. - Adjusted EBITDA is anticipated to be between $20.0 million and $22.0 million, reflecting a 62% year-over-year growth at the midpoint [6][7].

Core Viewpoint - EverQuote, Inc. (EVER) is anticipated to show significant improvements in both revenue and earnings for the first quarter of 2025, with a projected revenue of $158.1 million, reflecting a 73.6% year-over-year increase, and earnings per share estimated at 32 cents, indicating a 540% increase from the previous year [1][2]. Revenue Expectations - The consensus estimate for EverQuote's first-quarter revenues is $158.1 million, which represents a 73.6% increase compared to the same period last year [1]. - EverQuote expects revenues to fall between $155 million and $160 million for the first quarter of 2025, with a midpoint growth of 73% year-over-year [5]. Earnings Projections - The bottom line consensus estimate for EverQuote is 32 cents per share, suggesting a substantial year-over-year increase of 540% [2]. - The Earnings ESP for EverQuote is 0.00%, as both the Most Accurate Estimate and the Zacks Consensus Estimate are at 32 cents [3]. Factors Influencing Results - The expected improvement in EverQuote's first-quarter results is attributed to the recovery in the auto insurance and homeowners' insurance markets, along with enhanced operational efficiency [4]. - Factors such as expansion into new verticals, increased consumer traffic, higher quote request volume, and innovative advertising products and services are likely to have positively impacted revenues [4]. Expense Considerations - Total expenses for EverQuote are projected to increase, primarily due to higher sales and marketing costs, with an estimated total expense of $137.8 million [5]. - The variable marketing margin is expected to improve, estimated at $45.6 million, driven by lower advertising costs and growth in revenue per quote request [6].

Core Viewpoint - EverQuote, Inc. (EVER) is positioned as an intriguing investment opportunity due to solid earnings estimate revisions and a favorable industry ranking in the Insurance - Multi line sector [1][5]. Industry Summary - The Insurance - Multi line industry currently holds a Zacks Industry Rank of 53 out of over 250 industries, indicating a strong position relative to other sectors [2]. - Broad trends within the industry are positively impacting securities, suggesting that a rising tide could benefit multiple companies within this segment [2]. Company Summary - EverQuote has experienced significant earnings estimate revisions, with current quarter estimates increasing from 16 cents per share to 32 cents per share over the past two months [4]. - Current year estimates have also risen from 81 cents per share to $1.20 per share, reflecting a more bullish outlook from analysts [4]. - The company has achieved a Zacks Rank 1 (Strong Buy), highlighting its solid market position and potential for growth [4].

Core Viewpoint - EverQuote, Inc. will report its first quarter financial results on May 5, 2025, and will host a conference call to discuss these results and the company's outlook [1]. Group 1: Financial Results Announcement - EverQuote will announce its first quarter financial results after market close on May 5, 2025 [1]. - A conference call and webcast will be held at 4:30 p.m. ET to discuss the financial results and recent developments [1]. - The conference call can be accessed via a toll-free number in the US and an international number, with a specific conference ID provided [1]. Group 2: Company Overview - EverQuote operates a leading online marketplace for insurance shopping, connecting consumers with insurance providers, including carriers and agents [2]. - The company's vision is to be the leading growth partner for property and casualty (P&C) insurance providers [2]. - EverQuote's marketplace is driven by proprietary data and technology, enhancing the way insurance providers attract consumers [2].