EverQuote's Q4 Earnings and Revenues Beat, Automotive Vertical Grows

Core Insights - EverQuote (EVER) reported a fourth-quarter 2024 operating net income per share of 33 cents, exceeding the Zacks Consensus Estimate by 83.3% and rebounding from a loss of 19 cents per share in the prior year [1][2] Financial Performance - Total revenues reached $147.5 million, surpassing the Zacks Consensus Estimate by 10% and increasing 164.8% year over year [4] - Revenues in the Automotive insurance vertical surged 200% year over year to $135 million, exceeding the Zacks Consensus Estimate of $121 million [3] - Home and Renters insurance revenues totaled $11.3 million, a 15% increase year over year, but fell short of the Zacks Consensus Estimate of $13.5 million [3] - Revenues in the Other insurance vertical plummeted 74.7% year over year to $0.2 million [3] - Total costs and operating expenses rose 116.7% to $135.4 million, driven by increased sales and marketing, research and development, and general and administrative expenses [4] - Adjusted EBITDA was $18.9 million, a significant improvement from an adjusted EBITDA loss of $0.9 million in the previous year [5] Cash and Assets - EverQuote ended 2024 with cash and cash equivalents of $102.1 million, a 169% increase from the end of 2023 [6] - Total assets grew by 89.9% to $180.5 million, while total stockholders' equity increased 67.3% to $135.4 million [6] - Cash from operations was $66.6 million in 2024, compared to a cash outflow of $2.8 million in the prior year [6] Future Guidance - For Q1 2025, EverQuote estimates revenues between $155 million and $160 million, with a variable marketing margin of $44 million to $46 million, and adjusted EBITDA expected to be between $19 million and $21 million [7]