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RE/MAX Holdings: A Traditional Player That's Still Worth It
Seeking Alpha· 2025-06-10 09:44
RE/MAX Holdings ( RMAX ) is an American company operating in the real estate sector through a franchise model. Here, I want to highlight a key difference from my previous analyses of real estate companies like ( IRSAI'm a personal investor. I'm a financial journalist. I live in Buenos Aires, Argentina, and have over 10 years of experience in communications. I have worked for various economic institutions and currently hold positions at the Center for Economic Studies Argentina XXI (CEEAXXI), the Internation ...
MAX Power Announces Appointment of Ryan Cheung as CFO
Thenewswire· 2025-06-05 16:30
 VANCOUVER, B.C. – TheNewswire - June 5, 2025 - MAX Power Mining Corp. (CSE: MAXX; OTC: MAXXF; FRANKFURT: 89N) (“MAX Power” or the “Company”) announces that Mr. Ryan Cheung has been appointed as Chief Financial Officer of the Company, effective May 20, 2025. Mr. Cheung brings a wealth of experience and a proven track record in financial oversight to MAX Power as it continues to advance its strategic goals in the resource sector.Mr. Cheung, CPA, CA, is the founder and managing partner of MCPA Services Inc., ...
MediaAlpha (MAX) FY Conference Transcript
2025-06-04 16:40
MediaAlpha (MAX) FY Conference June 04, 2025 11:40 AM ET Speaker0 For joining. Adam Klauber, William Blair. I run our insurance and insurance tech group, so thanks for thanks for joining. We have Media Alpha, Steve Lee, who is CEO and founder, and Patrick Thompson, is CFO. Yep. CFO. Sorry. And just wanted to look at the website for disclaimers. I'll say two seconds on Media Alpha. It's a really, really interesting company. You know, it's a sector that really has been emerging, I think, in the last five, six ...
RE/MAX Expands Footprint With New Master Franchise & Office Launch
ZACKS· 2025-05-23 18:58
RE/MAX Holdings, Inc. (RMAX) recently announced the sale of master franchise rights in Côte d'Ivoire, enhancing its presence across Western Africa and the opening of a franchised brokerage in Bahrain. These developments strengthen the brand's global footprint and worldwide network.The officials in charge of the Côte d'Ivoire region seek to capitalize on the brand's globally recognized name, agent-centric business model, and innovative technology to build trust and credibility in the region's evolving real e ...
MediaAlpha to Present at the William Blair 45th Annual Growth Stock Conference on Wednesday, June 4, 2025
GlobeNewswire News Room· 2025-05-20 20:01
LOS ANGELES, May 20, 2025 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX), today announced that Co-Founder and CEO Steve Yi and Chief Financial Officer Pat Thompson are scheduled to present at the William Blair 45th Annual Growth Stock Conference in Chicago on Wednesday, June 4, 2025 at 10:40 a.m. Central Daylight Time. A live webcast of the presentation will be available on MediaAlpha’s Investor Relations website at https://investors.mediaalpha.com. A replay of the event will be available shortly followin ...
RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-01 20:15
Total Revenue of $74.5 Million, Adjusted EBITDA of $19.3 MillionDENVER, May 1, 2025 /PRNewswire/ --First Quarter 2025 Highlights(Compared to first quarter 2024 unless otherwise noted) Total Revenue decreased 4.9% to $74.5 million Revenue excluding the Marketing Funds1 decreased 4.3% to $55.6 million, driven by negative 3.2% organic growth2 and 1.1% adverse foreign currency movements Net loss attributable to RE/MAX Holdings, Inc. of $(2.0) million and loss per diluted share (GAAP EPS) of $(0.10) Adjusted EBI ...
MediaAlpha(MAX) - 2025 Q1 - Earnings Call Presentation
2025-04-30 22:47
Investor Presentation April 2025 1 Disclaimer Forward-looking statements and other information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "be ...
MediaAlpha, Inc. (MAX) Q1 Earnings Lag Estimates
ZACKS· 2025-04-30 22:45
Core Insights - MediaAlpha, Inc. reported quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share, compared to a loss of $0.02 per share a year ago, representing an earnings surprise of -11.76% [1] - The company posted revenues of $264.31 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 11.55%, and showing significant growth from year-ago revenues of $126.65 million [2] - MediaAlpha shares have declined approximately 22.5% since the beginning of the year, contrasting with the S&P 500's decline of -5.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.16 on revenues of $229.86 million, and for the current fiscal year, it is $0.65 on revenues of $1.03 billion [7] - The estimate revisions trend for MediaAlpha is currently unfavorable, leading to a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Technology Services industry, to which MediaAlpha belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - MeridianLink, another company in the same industry, is expected to report quarterly earnings of $0.11 per share, reflecting a year-over-year change of +83.3%, with revenues anticipated to be $80.95 million, up 4% from the previous year [9][10]
MediaAlpha(MAX) - 2025 Q1 - Earnings Call Transcript
2025-04-30 22:02
MediaAlpha (MAX) Q1 2025 Earnings Call April 30, 2025 05:00 PM ET Company Participants Alex Liloia - PartnerSteve Yi - Co-Founder and Chief Executive OfficerPatrick Thompson - CFOCory Carpenter - Internet Equity ResearchTommy McJoynt-Griffith - DirectorAndrew Kligerman - Managing DirectorBen Hendrix - Vice President Conference Call Participants Maria Ripps - Managing Director, Senior Research AnalystMichael Zaremski - Managing Director & Senior Equity Research AnalystEric Sheridan - Analyst Operator Ladies ...
MediaAlpha(MAX) - 2025 Q1 - Earnings Call Transcript
2025-04-30 21:00
Financial Data and Key Metrics Changes - The company reported a record first quarter financial result with transaction value reaching $473 million, up 116% year over year, driven by a 200% year over year growth in the P&C vertical [7][4] - Adjusted EBITDA for Q1 doubled year over year to $29.4 million, representing 67% of contribution, up from 52% in the prior year [8][9] - Cash flow was $20 million, with a net debt to adjusted EBITDA ratio of less than 1x, indicating strong financial health [11] Business Line Data and Key Metrics Changes - The P&C insurance vertical saw significant growth, with transaction value up sequentially as several carriers increased marketing investments [7][4] - The Health vertical's transaction value was down 17% year over year, in line with expectations, as the company scales back certain areas of its under 65 business [7][9] - The company plans to exit the Travel vertical by the end of Q2, which contributed approximately $1 million of transaction value in Q1 [9] Market Data and Key Metrics Changes - The company expects P&C transaction value levels to grow approximately 65% to 75% year over year in Q2, while Health vertical transaction value is expected to decline by 25% to 30% year over year [10][9] - Medicare is anticipated to account for over 40% of the Health vertical's transaction value for the quarter, reflecting a strategic shift towards Medicare Advantage [10] Company Strategy and Development Direction - The company is focusing on scaling back certain areas of its under 65 business to concentrate on the growing Medicare Advantage market, where it believes it has a strong competitive position [5][10] - The management remains optimistic about the auto insurance advertising spend, despite potential pressures from automotive tariffs, indicating a commitment to delivering high returns on advertising spend [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the auto insurance marketplace's sustained growth, citing strong underlying profitability among carriers [15][16] - The potential impact of automotive tariffs is expected to be moderate, with carriers well-positioned to react quickly to any profitability concerns [19][18] - The Medicare Advantage market is viewed as having long-term growth potential, driven by an increasing senior population opting for these plans [40][90] Other Important Information - The company increased its reserve related to the FTC matter by $5 million, bringing the total reserve to $12 million at the end of the quarter [5][6] - A write-off of $13.4 million was recognized for certain intangible assets acquired as part of the DHT acquisition, indicating a strategic realignment [9][77] Q&A Session Summary Question: Insights on carrier spend in the second half of the year - Management believes the auto insurance marketplace remains well-positioned for growth, with carriers showing strong profitability and readiness to invest in customer acquisition [15][16] Question: Dynamics across open and private marketplaces - The private marketplace is designed for large publishers and advertisers, while the open exchange is expected to see more transactions as the recovery gains momentum [20][22] Question: Pricing changes in the P&C market - The increase in carrier demand and budget access in March was attributed to a shift from initial conservatism at the start of the year [28][29] Question: Scaling back the under 65 business - The company clarified that scaling back does not mean exiting the business but rather a partial step back to focus on Medicare Advantage [36][37] Question: Medicare Advantage market health - The Medicare Advantage market is currently in a hard market cycle, but long-term growth is expected due to increasing enrollment among seniors [40][90] Question: Contribution margin ratio decline - The decline in contribution margin ratio is attributed to a mix of P&C becoming a larger percentage of the business and changes in publisher dynamics [46][48] Question: Impact of tariffs on Q2 guidance - The guidance for Q2 reflects a high degree of confidence, with the potential impact of tariffs expected to be relatively muted [57][58] Question: Timeline for resolution of legal inquiries - Management indicated that it is difficult to comment on the timeline for resolution while actively engaged in discussions with the FTC [59][60] Question: Investments and growth strategy - The company runs lean and is prepared to adjust investments based on market conditions while maintaining a focus on growth opportunities [83][85]