EverQuote Q3 Earnings & Revenues Top, Automotive Revenues Rise Y/Y

Core Insights - EverQuote (EVER) reported a third-quarter 2025 operating net income per share of 50 cents, exceeding the Zacks Consensus Estimate by 35.1%, with a year-over-year increase of 6.1% [1][8] - Total revenues reached $174 million, surpassing the Zacks Consensus Estimate by 4.6%, and reflecting a 20% year-over-year growth [1][8] Revenue Breakdown - Revenues from the Automotive insurance vertical increased by 21% year over year to $157.6 million, exceeding the Zacks Consensus Estimate of $150 million [3] - Home and Renters insurance revenues totaled $16.3 million, marking a 15% year-over-year increase, slightly below the Zacks Consensus Estimate of $16.7 million [3] - Revenues in the Other insurance vertical fell dramatically by 97.7% year over year to $0.01 million, missing the Zacks Consensus Estimate of $0.1 million [4] Expense and Profitability Analysis - Total costs and operating expenses rose by 17.7% to $142.5 million, driven by increased sales and marketing, research and development, and general and administrative expenses [4] - Adjusted EBITDA was reported at $25.1 million, a 33% year-over-year increase, with an adjusted EBITDA margin expanding to 14.4% [5][8] Financial Position - EverQuote ended the third quarter with cash and cash equivalents of $145.8 million, a 42.7% increase from the end of 2024 [6] - Total assets grew by 14.6% to $256.1 million, while total stockholders' equity increased by 29.2% to $174.9 million [6] Future Guidance - For the fourth quarter, EverQuote estimates revenues between $169 million and $174 million, indicating a 20% year-over-year growth at the midpoint [7] - The company expects variable marketing dollars to be in the range of $46 million to $48 million, representing a 7% year-over-year growth at the midpoint [7] - Adjusted EBITDA is projected to be between $21 million and $23 million, reflecting a 16% year-over-year growth at the midpoint [7]