EverQuote(US:EVER)2025-05-05 20:21Business Overview - The company operates a leading online insurance marketplace, connecting consumers and insurance providers[10] - The company's platform leverages over 4 billion consumer data points[14, 26] - The company's distribution model includes approximately 60 carriers and 6,000 third-party agents[14] Market Opportunity and Growth - The P&C distribution and advertising spend market is estimated at $117 billion annually[10, 16] - Digital advertising spend within the P&C insurance market is $7 billion[16] - The estimated digital advertising spend growth is approximately 15% annually from 2023 to 2026[17] - The company's estimated share of the P&C distribution and advertising spend market is less than 1%[17] Financial Performance - Q1 2025 revenue increased by 83% year-over-year to $166.6 million[32, 45] - Adjusted EBITDA for Q1 2025 was $22.5 million, a 197% increase year-over-year[32] - The company achieved record revenue of $500 million in 2024, representing a 74% year-over-year growth[17, 47]