MediaAlpha Announces Fourth Quarter and Full Year 2024 Financial Results

Core Insights - MediaAlpha, Inc. reported a record-breaking performance in Q4 2024, with revenue growth of 157% and transaction value growth of 202% [1][2] - The company achieved a full-year revenue of $865 million, up 123% year-over-year, and a transaction value of $1.5 billion, an increase of 151% [1][7] - The Property & Casualty vertical saw a record transaction value of $401 million, reflecting a 639% increase year-over-year [1][7] Q4 2024 Financial Results - Revenue for Q4 2024 was $300.6 million, a 157% increase from Q4 2023 [7] - Transaction value reached $499.2 million, up 202% year-over-year [7] - Net income improved to $7.3 million compared to a net loss of $3.3 million in Q4 2023 [7] - Adjusted EBITDA for Q4 2024 was $36.7 million, compared to $12.7 million in the same quarter of the previous year [7] Full Year 2024 Financial Results - Full-year revenue was $864.7 million, a 123% increase from 2023 [7] - Full-year transaction value was $1.5 billion, reflecting a 151% increase year-over-year [7] - Net income for the full year was $22.1 million, significantly improved from a net loss of $56.6 million in 2023 [7] - Adjusted EBITDA for the full year was $96.1 million, compared to $27.1 million in 2023 [7] Business Outlook - For Q1 2025, MediaAlpha expects transaction value in the Property & Casualty vertical to grow approximately 170% year-over-year, with a slight sequential decline due to moderating pricing [5][6] - The Health vertical is projected to see a high-teens percentage decline in transaction value year-over-year [5] Market Position and Strategy - The CEO highlighted the company's strong market position in the Property & Casualty insurance sector, driven by favorable trends in auto insurance and robust advertising spending from key partners [2] - MediaAlpha's marketplace model has enabled significant market share gains, contributing to its long-term growth strategy [2]