Revenue Performance - Revenue for the three months ended March 31, 2025, was $264.3 million, a significant increase of 108.6% compared to $126.6 million for the same period in 2024[19] - Total revenue for the three months ended March 31, 2025, was $264.3 million, a significant increase from $126.6 million for the same period in 2024, representing a year-over-year growth of approximately 108.6%[42] - The company reported $223.2 million in revenue from property & casualty insurance for the three months ended March 31, 2025, compared to $69.2 million in the same period of 2024, indicating a growth of approximately 222.5%[42] - Revenue for the three months ended March 31, 2025, was $264.3 million, a 108.7% increase from $126.6 million in the same period of 2024[112] - Revenue from insurance verticals accounted for 99.4% and 98.0% of total revenue for the three months ended March 31, 2025 and 2024, respectively[174] Cost and Expenses - Cost of revenue for the same period was $222.7 million, up from $103.0 million, reflecting a 115.5% increase[19] - Cost of revenue for the three months ended March 31, 2025, was $222.7 million, up 116.2% from $102.9 million in 2024, with a percentage of revenue increasing to 84.2%[117] - General and administrative expenses rose by 57.8% to $17.6 million, primarily due to a $5.2 million increase in legal costs[120] - Sales and marketing expenses decreased slightly to $5.6 million, accounting for 2.1% of total revenue[118] - Product development expenses increased by 12.0% to $4.9 million, representing 1.8% of total revenue[119] Net Loss and Financial Position - Net loss for the three months ended March 31, 2025, was $2.3 million, compared to a net loss of $1.5 million in the same period of 2024[19] - The net loss attributable to MediaAlpha, Inc. for the three months ended March 31, 2025, was $1.948 million, compared to a net loss of $1.113 million for the same period in 2024[72] - The Company incurred a loss before income taxes of $2.383 million for the three months ended March 31, 2025, compared to a loss of $1.464 million for the same period in 2024[65] - The accumulated deficit increased to $507.9 million as of March 31, 2025, from $505.9 million at the end of 2024[17] Cash Flow and Liquidity - Cash and cash equivalents increased to $63.6 million as of March 31, 2025, from $43.3 million at the end of 2024, representing a 47.0% increase[17] - The company reported a net cash provided by operating activities of $23.7 million for the three months ended March 31, 2025, compared to $1.7 million in the same period of 2024[24] - Cash flows provided by operating activities increased to $23.7 million in Q1 2025, compared to $1.7 million in Q1 2024, marking a growth of 1,312.5%[147] - The company may need to seek additional capital or incur debt to address potential FTC claims, which could exceed existing liquidity[144] Customer Concentration - As of March 31, 2025, the company had 2 customers contributing 46% of total revenue, with an aggregate value of $122 million, compared to 1 customer contributing 16% of total revenue with an aggregate value of $20 million as of March 31, 2024[33] - The company had two customers exceeding 10% of revenue with an aggregate value of $122 million, representing 46% of total revenue for the three months ended March 31, 2025[167] Legal and Regulatory Matters - The company is subject to ongoing legal proceedings, including a civil investigative demand from the FTC regarding compliance with advertising and consumer data practices[52] - The Company established a reserve of $12.0 million as of March 31, 2025, related to the FTC matter, which is recorded within other long-term liabilities[57] - Legal fees incurred by the Company in connection with the FTC matter were $1.9 million for the three months ended March 31, 2025, compared to $1.1 million for the same period in 2024[58] - The company believes that a loss related to the FTC matter is probable, with potential costs exceeding existing liquidity and financial resources[55] Shareholder Information - The weighted average shares of Class A common stock outstanding increased to 55.6 million for the three months ended March 31, 2025, from 48.6 million in the same period of 2024[19] - The weighted-average shares of Class A common stock outstanding for the three months ended March 31, 2025, were 55,632,321, an increase from 48,574,448 in the same period of 2024[72] - The company purchased 67,801 shares at an average price of $12.78 during February 2025[176] Debt and Interest - As of March 31, 2025, the total long-term debt was $151.4 million, a slight decrease from $153.6 million as of December 31, 2024[46] - The company incurred interest expense of $2.7 million on the 2021 Term Loan Facility for the three months ended March 31, 2025, down from $3.6 million for the same period in 2024[46] - Interest expense decreased by $890 thousand (23.1%) from $3,845 thousand in Q1 2024 to $2,955 thousand in Q1 2025, driven by lower interest rates and outstanding balances[125][126] Future Outlook - The company anticipates continued strong momentum in Property & Casualty insurance despite potential upward pressure on claims costs[113] - The company plans to exit the Travel vertical in Q2 2025 to focus resources on core insurance verticals[116] - The company is currently evaluating the impact of new accounting standards on its disclosures, with significant changes expected to be effective after December 15, 2026[39][41] Miscellaneous - The company has deep, custom integrations with partners representing the majority of its Transaction Value, optimizing customer acquisition spend and revenue[81] - The P&C insurance vertical is expected to continue benefiting from increasing customer acquisition spending as market conditions improve[87] - The company supports $1.7 billion in Transaction Value across its platform from property & casualty, health, and life insurance verticals over the twelve-month period ended March 31, 2025[78] - 99% of total insurance Transaction Value executed on the platform came from Demand Partner relationships established during 2024[88] - A hypothetical 1.0% increase or decrease in interest rates would have resulted in a $0.4 million impact on interest expense for the three months ended March 31, 2025[163] - The company has not experienced any losses in cash accounts that exceed amounts insured by the Federal Deposit Insurance Corporation[164] - There were no changes in internal control over financial reporting that materially affected the company during the three months ended March 31, 2025[169]

Financial Performance - Revenue for Q1 2025 was $264.3 million, a 109% increase year over year[5] - Net loss for Q1 2025 was $(2.3) million, compared to a net loss of $(1.5) million in Q1 2024[5] - Adjusted EBITDA for Q1 2025 was $29.4 million, an increase from $14.4 million in Q1 2024[5] - Revenue guidance for Q2 2025 is projected between $235 million and $255 million, representing a 37% year-over-year increase at the midpoint[9] - Adjusted EBITDA for Q2 2025 is expected to be between $25.0 million and $27.0 million, a 39% year-over-year increase at the midpoint[9] - For the three months ended March 31, 2025, the company reported a net loss of $2.334 million, compared to a net loss of $1.491 million for the same period in 2024[30] - Adjusted EBITDA for the three months ended March 31, 2025, was $29.376 million, up from $14.419 million in 2024, reflecting better underlying business trends[30] Transaction Metrics - Transaction Value reached $473.1 million, up 116% year over year, with Property & Casualty segment growing 200% to $407 million[5] - Total Transaction Value for the three months ended March 31, 2025, was $473.101 million, a substantial increase from $219.106 million in 2024[25] - The Open Marketplace transactions accounted for 54.6% of total Transaction Value in Q1 2025, while Private Marketplace transactions made up 45.4%[25] - The Property & Casualty insurance vertical represented 86.0% of total Transaction Value, significantly increasing from 61.8% in the previous year[25] - The company expects Transaction Value in the Property & Casualty vertical to grow 65% - 75% year over year in Q2 2025[6] Margins and Efficiency - Gross margin for Q1 2025 was 15.8%, down from 18.7% in Q1 2024[5] - Contribution Margin for Q1 2025 was 16.6%, compared to 21.9% in Q1 2024[5] - Contribution for the same period rose to $43.982 million, compared to $27.676 million in 2024, indicating improved operational efficiency[27] Cash Flow and Reserves - Net cash provided by operating activities increased significantly to $23.701 million from $1.678 million year-over-year[23] - The company ended the period with cash and cash equivalents of $63.561 million, up from $14.471 million at the end of the same period in 2024[23] - The company recorded an additional $5.0 million reserve related to FTC settlement discussions, totaling $12.0 million as of March 31, 2025[5] - Legal expenses for the three months ended March 31, 2025, totaled $6.879 million, primarily due to a $5.0 million increase in the loss reserve related to the FTC Matter[32] Other Financial Adjustments - The company incurred a write-off of intangible assets amounting to $13.416 million related to the acquisition of Customer Helper Team, LLC[31]

Core Insights - MediaAlpha, Inc. reported a record first quarter for 2025, exceeding expectations with significant revenue and transaction value growth, particularly in the Property & Casualty (P&C) insurance vertical [1][2] - The company achieved a revenue of $264.3 million, marking a 109% increase year over year, and a transaction value of $473.1 million, which is a 116% increase year over year [6][24] - Despite the strong performance, MediaAlpha reported a net loss of $(2.3) million for the quarter, compared to a net loss of $(1.5) million in the same period last year [6][20] Financial Performance - Revenue for the first quarter of 2025 was $264.3 million, up from $126.6 million in Q1 2024, reflecting a 109% year-over-year increase [6][20] - Transaction value reached $473.1 million, a 116% increase from $219.1 million in Q1 2024, with P&C insurance transaction value alone growing 200% to $407 million [6][26] - Adjusted EBITDA for the quarter was $29.4 million, compared to $14.4 million in Q1 2024, indicating strong operational performance [6][32] Business Outlook - For Q2 2025, MediaAlpha expects transaction value in the P&C insurance vertical to grow between 65% and 75% year over year, while anticipating a decline of 25% to 30% in the Health insurance vertical [4][7] - The company plans to exit the Travel segment by the end of Q2 2025, which is expected to have an immaterial impact on overall results [4] - Guidance for Q2 2025 includes projected revenue between $235 million and $255 million, representing a 37% year-over-year increase [7] Operational Metrics - The gross margin for Q1 2025 was 15.8%, down from 18.7% in Q1 2024, while the contribution margin decreased to 16.6% from 21.9% [6][29] - The company recorded a total of 119 million consumer referrals in 2024, showcasing its extensive partner network and operational scale [15] - MediaAlpha's platform facilitated $1.7 billion in advertising spend across various insurance sectors over the past year [15]

Core Insights - March home sales experienced a significant increase of 23.0% compared to February, marking the largest month-over-month increase since March 2023, although sales were down 1.4% compared to March 2024 [1][8] - Active inventory rose by 35.5% year-over-year across 50 metro areas surveyed, indicating a growing supply of homes available for sale [2][18] - The median sales price in March reached $435,000, which is an increase of $8,000 (1.8%) from February and $15,000 (3.5%) from March 2024 [4][12] Sales and Inventory - The number of homes for sale increased by 8.0% from February and was 35.5% higher than in March 2024, driven by a 29.8% rise in new listings compared to February [3][18] - Washington D.C. saw the largest month-over-month increase in active listings, up 25.3% from February [5] New Listings - Newly listed homes in March 2025 were up 7.9% compared to March 2024 and up 29.8% compared to February 2025 [6] - The markets with the largest year-over-year increases in new listings included Las Vegas, NV (+28.0%), Nashville, TN (+26.5%), and Manchester, NH (+26.3%) [7] Closed Transactions - Overall home sales were down 1.4% compared to March 2024 but up 23.0% from February 2025 [8] - The markets with the largest year-over-year decreases in sales included Bozeman, MT (-11.9%), New Orleans, LA (-11.7%), and Atlanta, GA (-9.5%) [11] Pricing Metrics - Buyers paid an average of 99% of the asking price in March, consistent with previous months [9][14] - The average days on market for homes sold was 44 days, down from 51 days in February but up from 39 days in March 2024 [9][16] Months' Supply of Inventory - The months' supply of inventory was 2.3, up from 1.7 in March 2024 but down from 2.7 in February 2025 [18] - Markets with the lowest months' supply of inventory included Manchester, NH (0.7), Milwaukee, WI (0.9), and Seattle, WA (0.9) [19]

Core Insights - DEWALT is focused on engineering products that enhance professional carpentry workflows, emphasizing precision and performance throughout the process [1] Product Launches - DEWALT introduced the 20V MAX* XR® 10-In. Double Bevel Fixed Miter Saw, which is the most powerful compact miter saw in its category, capable of making up to 434 cuts in 3 ¼-In. MDF Base Molding and capturing up to 97% of dust during use [4][6] - The 20V MAX* XR® 12-In. Double Bevel Sliding Miter Saw features the largest cut capacity in DEWALT's 20V Max* cordless miter saw lineup, capable of making up to 371 cuts in 3 ¼-In. MDF Base Molding and 153 cuts in pressure treated 4-In. X 4-In. timber [4][6] - New drill models include the 20V MAX* XR® Brushless Cordless 1/2-In. Drill/Driver and Hammer Drill, both equipped with the DEWALT ANTI-ROTATION System for enhanced safety [4] Measurement and Layout Tools - DEWALT launched 200-Ft. Laser Distance Measurers with an accuracy of ±1/16-In. at 32-Ft., available in lithium-ion and alkaline models [4] - A new lineup of chalk reels and kits was introduced for precise layout applications, available in various configurations [4] Company Background - DEWALT, a brand under Stanley Black & Decker, has been a leader in jobsite solutions for over 100 years, focusing on tools and technologies that enhance safety and productivity [7] - Stanley Black & Decker, founded in 1843, operates globally with approximately 48,500 employees, producing a wide range of tools and products for builders, tradespeople, and DIY enthusiasts [8]

Core Viewpoint - RE/MAX Holdings, Inc. will announce its financial results for Q1 2025 on May 1, 2025, and will host a conference call on May 2, 2025, at 8:30 a.m. Eastern Time [1][2]. Company Overview - RE/MAX Holdings, Inc. is a leading franchisor in the real estate industry, operating under the RE/MAX® brand for real estate brokerages and the Motto® Mortgage brand for mortgage brokerages in the U.S. [4] - Founded in 1973, RE/MAX has grown to over 145,000 agents in nearly 9,000 offices across more than 110 countries and territories, making it the largest real estate seller globally by total residential transaction sides [4]. - Motto Mortgage, launched in 2016, is the first and only national mortgage brokerage franchise brand in the U.S., with over 220 offices in more than 40 states [4].

Core Viewpoint - Kaskela Law LLC is investigating MediaAlpha, Inc. on behalf of the company's shareholders due to a significant decline in stock value and potential violations of securities laws or fiduciary duties by the company's officers and directors [1][3]. Stock Performance - Since October 2024, MediaAlpha's stock has decreased from approximately $20.00 per share to less than $9.00 per share, representing a decline of 55% in value [2]. Legal Investigation - The investigation aims to determine if MediaAlpha and its executives breached securities laws or fiduciary responsibilities in relation to recent corporate actions [3].

Data from 2025 RealTrends Verified rankings confirm RE/MAX agents remain the most productiveDENVER, April 9, 2025 /PRNewswire/ -- RE/MAX® agents are once again the most productive agents in the U.S., according to data in the newly released 2025 RealTrends Verified Best Brokerages rankings. RE/MAX agents outperformed competitors at participating large brokerages 2:1, averaging 11.9 transaction sides, more than double the 5.3 average of all other agents with brokerages with 500 transaction sides.1 This marks ...

Core Viewpoint - MediaAlpha, Inc. is set to release its first quarter 2025 financial results on April 30, 2025, and will host a Q&A conference call to discuss these results [1][2] Group 1: Financial Results Announcement - The financial results for the first quarter of 2025 will be released after market close on April 30, 2025 [1] - A Q&A conference call will take place at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) on the same day [1] Group 2: Webcast and Participation Details - A live webcast of the conference call will be available on MediaAlpha's Investor Relations website [2] - Participants can join the call by dialing toll-free numbers or through the provided conference ID [2] - An audio replay of the conference call will be accessible after the event [2] Group 3: Company Overview - MediaAlpha is recognized as a leading programmatic customer acquisition platform in the insurance industry [3] - The company has over 1,200 active partners and generated nearly 119 million Consumer Referrals in 2024 [3] - MediaAlpha's programmatic advertising technology facilitated $1.5 billion in spending for 2024 across various insurance sectors [3]

LOS ANGELES, March 31, 2025 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX) ("MediaAlpha" or the "Company") today announced the appointment of Bradley Hunt to its Board of Directors. We believe we are the insurance industry's leading programmatic customer acquisition platform. With more than 1,200 active partners, excluding our agent partners, we connect insurance carriers with online shoppers and generated nearly 119 million Consumer Referrals in 2024. Our programmatic advertising technology powered $1.5 ...