Financial Performance - Third quarter revenue reached $306.5 million, an 18% increase year over year[4] - Net income for the third quarter was $17.6 million, compared to $11.9 million in the same quarter of 2024[4] - Adjusted EBITDA for the third quarter was $29.1 million, an increase from $26.3 million year over year[4] - Revenue for the three months ended September 30, 2025, was $306,514,000, a 18.3% increase from $259,133,000 in the same period of 2024[22] - Net income for the three months ended September 30, 2025, was $17,643,000, compared to $11,888,000 in 2024, representing a 48.5% increase[22] - Adjusted EBITDA for the three months ended September 30, 2025, was $29.079 million, compared to $26.271 million for the same period in 2024, reflecting a year-over-year increase of 6.9%[31] - Adjusted EBITDA for the nine months ended September 30, 2025, was $82.957 million, compared to $59.430 million for the same period in 2024, marking an increase of 39.7%[31] Transaction Value - Transaction value for the third quarter was $589.3 million, up 30% year over year, with Property & Casualty insurance transaction value increasing 41% to $548 million[4] - Total Transaction Value for the three months ended September 30, 2025, was $589,303,000, a 30.5% increase from $451,775,000 in 2024[26] - Open Marketplace transactions accounted for 50.9% of total Transaction Value in Q3 2025, down from 56.0% in Q3 2024[26] - Property & Casualty insurance represented 93.0% of total Transaction Value in Q3 2025, up from 85.8% in Q3 2024[26] Future Guidance - The company expects fourth quarter transaction value in the Property & Casualty insurance vertical to grow approximately 45% year over year[5] - Fourth quarter transaction value in the Health insurance vertical is expected to decline approximately 45% year over year[5] - The guidance for fourth quarter revenue is projected between $280 million and $300 million, representing a 4% year-over-year decrease at the midpoint[10] - Adjusted EBITDA for the fourth quarter is expected to be between $27.5 million and $29.5 million, reflecting a 22% year-over-year decrease at the midpoint[10] Share Repurchase and Equity - A new $50 million share repurchase program has been authorized by the Board of Directors[2] - The company repurchased approximately 3.2 million shares for $32.9 million at an average price of $10.17 per share[4] - The weighted average shares of Class A common stock outstanding for the three months ended September 30, 2025, were 56,617,837, compared to 54,909,772 in 2024[22] Cash Flow and Expenses - Cash flows from operating activities for the nine months ended September 30, 2025, were $73,046,000, significantly higher than $31,343,000 in 2024[24] - The company reported a net cash increase of $29,075,000 for the nine months ended September 30, 2025, compared to $15,033,000 in 2024[24] - Equity-based compensation expense for the three months ended September 30, 2025, was $7.662 million, down from $8.597 million in 2024, a decrease of 10.9%[31] - Interest expense for the three months ended September 30, 2025, was $2.808 million, compared to $3.562 million in the same period of 2024, a reduction of 21.1%[31] Legal and Other Expenses - Legal expenses for the nine months ended September 30, 2025, totaled $42.333 million, a substantial increase from $2.155 million in the same period of 2024, reflecting a rise of 1,964.5%[34] - Changes in legal expenses were primarily driven by increases related to the FTC Matter, with a notable rise in the loss reserve established for this issue[34] - The write-off of intangible assets for the nine months ended September 30, 2025, included a charge of $13.4 million related to customer relationships and trademarks acquired from the acquisition of Customer Helper Team, LLC[33] Contribution Metrics - Contribution for the three months ended September 30, 2025, was $45,615,000, up from $41,482,000 in 2024, reflecting a 9.3% increase[28] - Contribution Margin for the three months ended September 30, 2025, was 14.9%, compared to 16.0% in the same period of 2024[28]

Core Insights - MediaAlpha, Inc. reported a third quarter revenue growth of 18% and a transaction value growth of 30%, achieving a record transaction value of $548 million in the Property & Casualty insurance vertical [1][5][26] - The company announced a net income of $17.6 million and an adjusted EBITDA of $29.1 million for the third quarter [1][5] - A new share repurchase program of $50 million has been authorized by the Board of Directors, reflecting the company's commitment to delivering long-term value for shareholders [2][9] Financial Performance - For the third quarter of 2025, MediaAlpha's revenue was $306.5 million, an increase of 18% year over year, while the transaction value reached $589.3 million, up 30% year over year [5][21] - The transaction value from the Property & Casualty insurance vertical increased by 41% year over year to $548 million, while the Health insurance vertical saw a decline of 40% year over year to $33 million [5][26] - The gross margin for the third quarter was 14.2%, compared to 15.1% in the third quarter of 2024, and the contribution margin was 14.9%, down from 16.0% in the same period [5][30] Future Outlook - The company expects transaction value in the Property & Casualty insurance vertical to grow approximately 45% year over year in the fourth quarter, driven by strong carrier growth investment [4][5] - Conversely, the transaction value in the Health insurance vertical is anticipated to decline approximately 45% year over year, primarily due to stabilization at a lower baseline [4][5] - For the fourth quarter of 2025, MediaAlpha projects revenue of $306.5 million and transaction value of $589.3 million, reflecting continued positive momentum [5][6] Share Repurchase Program - The newly authorized share repurchase program allows for the repurchase of up to $50 million of Class A common stock, which may be executed through various methods including open market transactions and block trades [9][2] - The timing and amount of repurchases will be determined by the company's management based on market conditions and other factors [9]

Core Viewpoint - Kaskela Law LLC is investigating MediaAlpha, Inc. on behalf of long-term investors due to a significant decline in the company's stock price and potential violations of securities laws or fiduciary duties by the company's officers and directors [1][3]. Stock Performance - Since February 2024, MediaAlpha's stock has decreased from over $21.00 per share to less than $12.00 per share, representing a cumulative decline of over $9.00 per share, or over 42% in value [2]. Legal Investigation - The investigation aims to determine if MediaAlpha and its executives breached securities laws or fiduciary duties in relation to recent corporate actions [3]. Investor Communication - Current shareholders of MediaAlpha are encouraged to contact Kaskela Law LLC for more information regarding the investigation and their legal rights [4]. Firm Background - Kaskela Law LLC has a history of representing investors in securities fraud and corporate governance cases, having recovered over $500 million for investors since 2020 [4].

Core Insights - MAX Power Mining Corp. has received a drilling license for its first well in a multi-well Natural Hydrogen drill program in southern Saskatchewan, with drilling expected to commence around November 7, 2025 [1][2] - The company aims to redefine clean baseload energy through its exploration of Natural Hydrogen, positioning Saskatchewan and itself at the forefront of a new North American energy narrative [2][14] - The Lawson target well will utilize advanced geoscience techniques, including gas chromatographs and mass spectrometers, to analyze gas streams for hydrogen and other gases [2][6] Company Developments - The drilling program is fully permitted and funded, with strong collaboration from the Saskatchewan Ministry of Energy and Resources [2][13] - MAX Power will present at the H-Nat Hydrogen Conference in Paris, highlighting its geological advantages and exploration activities [8][14] - The company has established a significant land position of approximately 1.3 million acres (521,000 hectares) in North America, focusing on Natural Hydrogen and critical minerals [16] Technical Insights - The Lawson play concept involves testing a complex basement structure that may facilitate fluid flow and hydrogen migration, supported by airborne geophysical analysis [6] - The drilling campaign is expected to provide detailed gas analysis and continuous subsurface sampling to evaluate hydrogen potential at depth [13] Future Outlook - The upcoming drilling campaign marks the beginning of a new growth chapter for MAX Power, with the potential for a commercial Natural Hydrogen discovery [13][14] - The company is positioned to capitalize on one of the most significant new energy opportunities of the decade as operations advance [14]

Core Insights - MAX Power Mining Corp. has selected a premier drilling contractor to execute Canada's first dedicated deep well targeting Natural Hydrogen at the Lawson target within the Genesis Trend, with drilling expected to commence around November 7, 2025, pending licensing [1][2][3] Group 1: Operational Milestones - The drilling contract reflects MAX Power's commitment to employing industry-leading expertise and technology, focusing on safety in this emerging sector [2] - The first Natural Hydrogen well will be drilled over approximately three weeks using a tele-double rig with a crew of 24 [2] - MAX Power will present at the world's largest Natural Hydrogen conference in Paris on November 13-14, highlighting its exploration and drilling activities [3][4] Group 2: Strategic Positioning - MAX Power holds Canada's largest permitted land package for Natural Hydrogen exploration, covering 1.3 million acres, with an additional 5.7 million acres under application [6][8] - The company has identified high-priority initial drill target areas for commencement of drilling in Q4 2025, supported by collaboration with Saskatchewan's Petroleum Technology Research Centre [6][8] Group 3: Marketing and Investor Relations - MAX Power has entered into marketing agreements with InvestorBrandNetwork and TAFIN GmbH to enhance awareness within North American and international investment communities [4][5] - The agreement with IBN is for three months at a total consideration of $114,000 USD, while the agreement with TAFIN is for approximately ten weeks at a total consideration of 150,000 euros [5]

Core Viewpoint - MAX Resource Corp. has successfully closed an over-subscribed non-brokered private placement, raising CAD $3,400,000 for mineral exploration and working capital [1][4]. Group 1: Private Placement Details - The company issued 34,000,000 units at a price of CAD $0.10 per unit, with each unit consisting of one common share and one-half of a transferable warrant [2]. - Each warrant allows the holder to purchase an additional common share for two years at a price of CAD $0.175 per share [2]. - Finder's fees of CAD $121,170 were paid, along with the issuance of 360,000 common shares and 1,751,700 non-transferable broker warrants [3]. Group 2: Use of Proceeds - Proceeds from the offering will be directed towards mineral exploration at the newly acquired Mora Gold-Silver Project and for general working capital [4]. Group 3: Company Background - MAX Resource Corp. acquired 100% of Inversiones Villamora S.A.S., which owns the Mora Property, featuring 40 historic workings and 5 active gold-silver mines [6]. - The Sierra Azul Copper-Silver Project is located in a significant copper belt, with Freeport-McMoRan Exploration Corporation having an Earn-In Agreement to acquire up to 80% ownership [7]. - The Florália Hematite DSO Project in Brazil has seen an expansion of its geological target from 8-12 million tons at 58% Fe to 50-70 million tons at 55%-61% Fe [8].

Bragar Eagel & Squire, P.C. Litigation Partner Brandon Walker Encourages Investors Who Suffered Losses In MediaAlpha (MAX) To Contact Him Directly To Discuss Their Options If you purchased or acquired stock in MediaAlpha and would like to discuss your legal rights, call Bragar Eagel & Squire partner Brandon Walker or Marion Passmore directly at (212) 355-4648. Click here to participate in the action. NEW YORK, Oct. 15, 2025 (GLOBE NEWSWIRE) -- What’s Happening: Bragar Eagel & Squire, P.C., a nationally rec ...

Industry Overview - The Technology Services industry ranks within the top 24% of Zacks Ranked Industries and is expected to outperform the market over the next three to six months, having rallied 32.9% year to date [1] - The industry is mature with strong demand for services, and this momentum is likely to continue into the fourth quarter of 2025 [1][3] Market Trends - The global shift toward digitization is creating opportunities in markets such as 5G, blockchain, and artificial intelligence (AI) [3] - Companies are rapidly adopting generative AI, machine learning (ML), blockchain, and data science to gain competitive advantages [3] - There is robust demand for multi-cloud-enabled software solutions as businesses transition from legacy platforms to modern cloud-based infrastructure [3] Company Highlights AppLovin Corp. (APP) - AppLovin is a leading technology platform for mobile app developers, enhancing marketing and monetization efforts [7][8] - The Axon 2.0 AI engine has significantly boosted ad performance, leading to a $10 billion annual run rate in ad spend [9] - AppLovin targets a 20-30% year-over-year growth rate, primarily driven by its gaming segment and AI-driven ad monetization [11] - Expected revenue and earnings growth rates for the current quarter are 15.2% and 63.6%, respectively [12] Skillsoft Corp. (SKIL) - Skillsoft provides digital learning and talent solutions, focusing on a learner-centric approach [13] - Expected revenue and earnings growth rates for the next quarter are -2% and -53.1%, respectively, but earnings estimates have improved over 100% in the last 30 days [14] Acuity Inc. (AYI) - Acuity manufactures lighting fixtures and related components, with a focus on energy efficiency and smart building solutions [15][17] - Expected revenue and earnings growth rates for the current quarter are 19.5% and 12.3%, respectively [17] Byrna Technologies Inc. (BYRN) - Byrna develops non-lethal technology products for personal and professional security [18] - Expected revenue and earnings growth rates for the current quarter are 21.3% and -23.5%, respectively [19] MediaAlpha Inc. (MAX) - MediaAlpha specializes in programmatic technology platforms for vertical search and metasearch [20] - Expected revenue and earnings growth rates for the current quarter are -8.1% and over 100%, respectively [20]

Core Viewpoint - MediaAlpha, Inc. is set to release its third quarter 2025 financial results on October 29, 2025, and will host a Q&A conference call to discuss these results [1][2]. Company Overview - MediaAlpha is recognized as a leading programmatic customer acquisition platform in the insurance industry, connecting insurance carriers with online shoppers [3]. - The company has over 1,200 active partners, excluding agent partners, and facilitated nearly 119 million Consumer Referrals in its marketplaces in 2024 [3]. - MediaAlpha's programmatic advertising technology supported $1.9 billion in spending across various insurance sectors, including property & casualty, health, and life insurance, over the twelve months ending June 30, 2025 [3].

Core Insights - MAX Power Mining Corp. is advancing towards drilling on the Genesis Natural Hydrogen Trend in Saskatchewan and has established a long-term strategic collaboration with the Petroleum Technology Research Centre (PTRC) to position Saskatchewan as a leader in Natural Hydrogen exploration and development [1][2][7]. Company Overview - MAX Power is focused on the Natural Hydrogen sector, holding approximately 1.3 million acres (521,000 hectares) of permits for exploration, with high-priority drilling targets identified for Q4 2025 [13]. - The collaboration with PTRC aims to leverage their expertise in subsurface geology and clean energy, enhancing MAX Power's capabilities in Natural Hydrogen exploration [4][11]. Collaboration Details - The Memorandum of Understanding (MOU) between MAX Power and PTRC is effective immediately and will guide their collaborative efforts over the next three years [2]. - PTRC will utilize advanced analytical techniques and equipment to evaluate the potential for Natural Hydrogen production as MAX Power begins its drilling program [5][8]. Strategic Importance - The partnership with PTRC is expected to provide third-party validation and technical oversight, significantly de-risking MAX Power's exploration efforts and reinforcing its leadership in the Natural Hydrogen sector [11]. - The collaboration marks a significant milestone in advancing sustainable energy innovation in Saskatchewan, focusing on the exploration and potential development of Natural Hydrogen resources [7].