Core Insights - MediaAlpha, Inc. will have its Chief Financial Officer Pat Thompson participate in a fireside chat at Canaccord Genuity's 45th Annual Growth Conference on August 12, 2025 [1] - A live webcast of the presentation will be available on MediaAlpha's Investor Relations website, with a replay accessible shortly after the event [2] Company Overview - MediaAlpha is recognized as a leading programmatic customer acquisition platform in the insurance industry, connecting over 1,200 active partners with online shoppers [3] - In 2024, MediaAlpha generated nearly 119 million Consumer Referrals and facilitated $1.9 billion in advertising spend across various insurance sectors [3]

Core Insights - MediaAlpha, Inc. reported a record second quarter with revenue growth of 41% year-over-year, reaching $251.6 million, and transaction value growth of 49%, totaling $480.8 million [1][6] - The Property & Casualty (P&C) insurance vertical experienced a significant transaction value increase of 71% year-over-year, amounting to $435 million, driven by strong demand from leading carriers [2][6] - The company recorded a net loss of $(22.5) million for the second quarter, compared to a net income of $4.4 million in the same period last year, while Adjusted EBITDA improved to $24.5 million from $18.7 million [1][6] Financial Performance - Revenue for the second quarter was $251.6 million, a 41% increase from $178.3 million in Q2 2024 [6] - Transaction Value reached $480.8 million, up 49% from $321.8 million in the previous year [6] - The gross margin decreased to 15.0% from 17.8% in Q2 2024, and the Contribution Margin fell to 15.8% from 18.9% [6][26] - The company has set aside an additional $33 million reserve related to the FTC inquiry, bringing the total reserve to $45 million as of June 30, 2025 [6] Future Outlook - For Q3 2025, MediaAlpha expects transaction value in the P&C insurance vertical to grow approximately 35% year-over-year, while the Health insurance vertical is projected to decline by 40% to 45% [4][5] - The company anticipates revenue between $270 million and $290 million for Q3 2025, representing an 8% year-over-year increase at the midpoint [7] - Adjusted EBITDA is expected to grow at a slower rate than transaction value and revenue due to a decrease in contribution from the under-65 health segment [5][7] Business Metrics - The company operates with over 1,200 active partners and generated nearly 119 million consumer referrals in 2024 [16] - MediaAlpha's programmatic advertising technology facilitated $1.9 billion in spend across various insurance sectors over the last twelve months [16] - The transaction value from the Health insurance vertical decreased by 32% year-over-year to $37 million [6][24]

Core Viewpoint - MediaAlpha has reached a settlement with the Federal Trade Commission (FTC) regarding an investigation into its under-65 health insurance segment, agreeing to pay $45 million and implement additional compliance measures [1][2][3]. Settlement Details - The settlement requires MediaAlpha to pay $45 million, which is equivalent to $0.61 per fully diluted share, funded by existing cash of $85.4 million as of June 30, 2025 [2][5]. - The payment will be made in two installments: $33.5 million within seven days of court approval and $11.5 million within 90 days [5]. - The settlement is not expected to materially impact MediaAlpha's core Property & Casualty insurance vertical or Medicare sub-vertical [2][5]. Compliance Measures - MediaAlpha will enhance its compliance processes related to its under-65 health websites and partner screening as part of the settlement [2][3]. - The company has already begun implementing enhanced compliance measures and scaling back certain areas within under-65 health since early 2025 [7]. Financial Impact - The additional compliance procedures are expected to reduce under-65 Transaction Value by approximately $80 million to $85 million and under-65 Contribution by $18 million to $20 million in 2025, representing a 6% decline in Transaction Value and a 12% decline in Contribution compared to 2024 [8]. - Year-over-year changes in under-65 health for Q1 and Q2 2025 show significant declines, with Transaction Value decreasing by 20% and 41% respectively, and Contribution decreasing by 32% and 63% [8]. Growth Prospects - Despite the challenges in the under-65 health segment, MediaAlpha remains optimistic about the growth prospects for its core Property & Casualty and Medicare verticals, driven by strong secular tailwinds and a focus on innovation [4].

Company Announcement - MediaAlpha, Inc. will release its second quarter 2025 financial results on August 6, 2025, after market close [1] - A Q&A conference call will be held on the same day at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time) to discuss the results [1] Webcast and Participation - A live webcast of the conference call will be available on MediaAlpha's Investor Relations website [2] - Participants can also join the call by dialing toll-free numbers, with a specific conference ID provided [2] - An audio replay of the conference call will be accessible after the event [2] Company Overview - MediaAlpha is recognized as a leading programmatic customer acquisition platform in the insurance industry [3] - The company has over 1,200 active partners and generated nearly 119 million Consumer Referrals in 2024 [3] - MediaAlpha's programmatic advertising technology facilitated $1.5 billion in spending for 2024 across various insurance sectors [3]

Core Insights - MediaAlpha, Inc. has promoted Amy Yeh to Chief Technology Officer (CTO) as part of a leadership transition, with Eugene Nonko taking on a new role while remaining on the Board of Directors [1][4] Company Overview - MediaAlpha is a leading marketing technology platform focused on real-time customer acquisition for the insurance industry, connecting insurance carriers with online shoppers [6] - The company generated nearly 119 million Consumer Referrals in 2024 and powered $1.5 billion in advertising spend across various insurance sectors [6] Leadership Transition - Amy Yeh joined MediaAlpha in 2015 and previously served as SVP, Technology, playing a crucial role in scaling the engineering organization and technology infrastructure [2] - As CTO, Amy will oversee technology strategy and execution, focusing on platform evolution and strengthening engineering practices [3] - Eugene Nonko, co-founder and former CTO, will transition to the role of Chief Architect, concentrating on long-term technical vision and innovation [4][5] Strategic Focus - Under Amy's leadership, the company aims to maintain a culture of transparency, collaboration, and excellence while delivering scalable solutions [5] - The leadership change is expected to facilitate a seamless transition and continued advancement of MediaAlpha's technology platform [4]

Core Insights - MediaAlpha, Inc. reported a record first quarter for 2025, exceeding expectations with significant revenue and transaction value growth, particularly in the Property & Casualty (P&C) insurance vertical [1][2] - The company achieved a revenue of $264.3 million, marking a 109% increase year over year, and a transaction value of $473.1 million, which is a 116% increase year over year [6][24] - Despite the strong performance, MediaAlpha reported a net loss of $(2.3) million for the quarter, compared to a net loss of $(1.5) million in the same period last year [6][20] Financial Performance - Revenue for the first quarter of 2025 was $264.3 million, up from $126.6 million in Q1 2024, reflecting a 109% year-over-year increase [6][20] - Transaction value reached $473.1 million, a 116% increase from $219.1 million in Q1 2024, with P&C insurance transaction value alone growing 200% to $407 million [6][26] - Adjusted EBITDA for the quarter was $29.4 million, compared to $14.4 million in Q1 2024, indicating strong operational performance [6][32] Business Outlook - For Q2 2025, MediaAlpha expects transaction value in the P&C insurance vertical to grow between 65% and 75% year over year, while anticipating a decline of 25% to 30% in the Health insurance vertical [4][7] - The company plans to exit the Travel segment by the end of Q2 2025, which is expected to have an immaterial impact on overall results [4] - Guidance for Q2 2025 includes projected revenue between $235 million and $255 million, representing a 37% year-over-year increase [7] Operational Metrics - The gross margin for Q1 2025 was 15.8%, down from 18.7% in Q1 2024, while the contribution margin decreased to 16.6% from 21.9% [6][29] - The company recorded a total of 119 million consumer referrals in 2024, showcasing its extensive partner network and operational scale [15] - MediaAlpha's platform facilitated $1.7 billion in advertising spend across various insurance sectors over the past year [15]