MediaAlpha Announces $32.9 Million Private Stock Repurchase

Core Viewpoint - MediaAlpha, Inc. has repurchased 3,234,894 shares of its Class A common stock for approximately $32.9 million, reflecting confidence in its growth strategy and capital allocation discipline [1][2]. Company Actions - The stock repurchase was conducted at a price of $10.17 per share, representing a discount of about 5.5% from the closing price on September 2, 2025 [1]. - The repurchased shares will be canceled and retired, indicating a commitment to returning value to shareholders [2]. Financial Position - MediaAlpha's CFO highlighted robust cash flow generation and a strong balance sheet, positioning the company well for continued investment in innovation while returning capital to shareholders [2]. - The company generated nearly 119 million Consumer Referrals in 2024 and powered $1.9 billion in advertising spend across various insurance sectors in the twelve months ending June 30, 2025 [5]. Strategic Insights - The repurchase was approved by a Special Committee of independent directors, ensuring a disciplined approach to capital allocation [2]. - Insignia Capital Group, which sold its shares, expressed confidence in MediaAlpha's future growth prospects [2].