EverQuote(US:EVER)2024-11-05 00:02Company Overview - The company is a leading online insurance marketplace, particularly in Property and Casualty (P&C) insurance[5] - The company leverages a proprietary platform with over 3 billion consumer data points[6, 13] - The company has a diversified distribution model with approximately 75 carriers and 6,000 third-party agents[6] Market Opportunity - The U S insurance distribution and advertising spend is a $171 billion market[9] - The P&C distribution and advertising spend market is $100 billion[5, 10] - The company's estimated share of the P&C distribution and advertising spend market is less than 1%[10, 11] - The company's estimated share of the P&C digital advertising spend market is less than 5%[10] - The P&C digital advertising spend is expected to grow at approximately 10% annually from 2023 to 2025[10, 11] Financial Performance - The company's Q3 2024 revenue reached a record of $144 5 million[17] - Auto revenue in Q3 2024 increased by 202% year-over-year[17] - Home/Renters revenue in Q3 2024 increased by 30% year-over-year[17] - The company's total annual revenue in 2023 was $287 9 million[11, 17]