MediaAlpha(MAX)

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RE/MAX HOLDINGS, INC. REPORTS FIRST QUARTER 2025 RESULTS
Prnewswire· 2025-05-01 20:15
Total Revenue of $74.5 Million, Adjusted EBITDA of $19.3 MillionDENVER, May 1, 2025 /PRNewswire/ --First Quarter 2025 Highlights(Compared to first quarter 2024 unless otherwise noted) Total Revenue decreased 4.9% to $74.5 million Revenue excluding the Marketing Funds1 decreased 4.3% to $55.6 million, driven by negative 3.2% organic growth2 and 1.1% adverse foreign currency movements Net loss attributable to RE/MAX Holdings, Inc. of $(2.0) million and loss per diluted share (GAAP EPS) of $(0.10) Adjusted EBI ...
MediaAlpha(MAX) - 2025 Q1 - Earnings Call Presentation
2025-04-30 22:47
Investor Presentation April 2025 1 Disclaimer Forward-looking statements and other information This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as "may," "should," "could," "predict," "potential," "be ...
MediaAlpha, Inc. (MAX) Q1 Earnings Lag Estimates
ZACKS· 2025-04-30 22:45
MediaAlpha, Inc. (MAX) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to loss of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -11.76%. A quarter ago, it was expected that this company would post earnings of $0.24 per share when it actually produced earnings of $0.08, delivering a surprise of -66.67%.Over the last four quarters, the company ha ...
MediaAlpha(MAX) - 2025 Q1 - Earnings Call Transcript
2025-04-30 21:00
Financial Data and Key Metrics Changes - The company reported a record first quarter financial result with transaction value reaching $473 million, up 116% year over year, driven by a 200% year over year growth in the P&C vertical [7][4] - Adjusted EBITDA for Q1 doubled year over year to $29.4 million, representing 67% of contribution, up from 52% in the prior year [8][9] - Cash flow was $20 million, with a net debt to adjusted EBITDA ratio of less than 1x, indicating strong financial health [11] Business Line Data and Key Metrics Changes - The P&C insurance vertical saw significant growth, with transaction value up sequentially as several carriers increased marketing investments [7][4] - The Health vertical's transaction value was down 17% year over year, in line with expectations, as the company scales back certain areas of its under 65 business [7][9] - The company plans to exit the Travel vertical by the end of Q2, which contributed approximately $1 million of transaction value in Q1 [9] Market Data and Key Metrics Changes - The company expects P&C transaction value levels to grow approximately 65% to 75% year over year in Q2, while Health vertical transaction value is expected to decline by 25% to 30% year over year [10][9] - Medicare is anticipated to account for over 40% of the Health vertical's transaction value for the quarter, reflecting a strategic shift towards Medicare Advantage [10] Company Strategy and Development Direction - The company is focusing on scaling back certain areas of its under 65 business to concentrate on the growing Medicare Advantage market, where it believes it has a strong competitive position [5][10] - The management remains optimistic about the auto insurance advertising spend, despite potential pressures from automotive tariffs, indicating a commitment to delivering high returns on advertising spend [6][19] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the auto insurance marketplace's sustained growth, citing strong underlying profitability among carriers [15][16] - The potential impact of automotive tariffs is expected to be moderate, with carriers well-positioned to react quickly to any profitability concerns [19][18] - The Medicare Advantage market is viewed as having long-term growth potential, driven by an increasing senior population opting for these plans [40][90] Other Important Information - The company increased its reserve related to the FTC matter by $5 million, bringing the total reserve to $12 million at the end of the quarter [5][6] - A write-off of $13.4 million was recognized for certain intangible assets acquired as part of the DHT acquisition, indicating a strategic realignment [9][77] Q&A Session Summary Question: Insights on carrier spend in the second half of the year - Management believes the auto insurance marketplace remains well-positioned for growth, with carriers showing strong profitability and readiness to invest in customer acquisition [15][16] Question: Dynamics across open and private marketplaces - The private marketplace is designed for large publishers and advertisers, while the open exchange is expected to see more transactions as the recovery gains momentum [20][22] Question: Pricing changes in the P&C market - The increase in carrier demand and budget access in March was attributed to a shift from initial conservatism at the start of the year [28][29] Question: Scaling back the under 65 business - The company clarified that scaling back does not mean exiting the business but rather a partial step back to focus on Medicare Advantage [36][37] Question: Medicare Advantage market health - The Medicare Advantage market is currently in a hard market cycle, but long-term growth is expected due to increasing enrollment among seniors [40][90] Question: Contribution margin ratio decline - The decline in contribution margin ratio is attributed to a mix of P&C becoming a larger percentage of the business and changes in publisher dynamics [46][48] Question: Impact of tariffs on Q2 guidance - The guidance for Q2 reflects a high degree of confidence, with the potential impact of tariffs expected to be relatively muted [57][58] Question: Timeline for resolution of legal inquiries - Management indicated that it is difficult to comment on the timeline for resolution while actively engaged in discussions with the FTC [59][60] Question: Investments and growth strategy - The company runs lean and is prepared to adjust investments based on market conditions while maintaining a focus on growth opportunities [83][85]
MediaAlpha(MAX) - 2025 Q1 - Quarterly Report
2025-04-30 20:13
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________ FORM 10-Q ________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number: 001-39671 ____________________ MediaAlpha, Inc. (Exact nam ...
MediaAlpha(MAX) - 2025 Q1 - Quarterly Results
2025-04-30 20:09
Los Angeles, CA (April 30, 2025) – MediaAlpha, Inc. (NYSE: MAX) ("MediaAlpha" or the "Company"), today announced its financial results for the first quarter ended March 31, 2025. "We had a record first quarter, beating expectations across the board, thanks largely to the continued strength in our P&C insurance vertical," said MediaAlpha co-founder and CEO Steve Yi. "Transaction Value more than doubled year over year, and for the first time ever, we delivered over $100 million of Adjusted EBITDA over a trail ...
MediaAlpha Announces First Quarter 2025 Financial Results
GlobeNewswire· 2025-04-30 20:05
Exceeds First Quarter Guidance with Revenue Growth of 109% and Transaction Value Growth of 116%; Delivers Record Transaction Value of $407 million in Property & Casualty Vertical First Quarter Net Loss of $(2.3) million; Adjusted EBITDA(1)of $29.4 million LOS ANGELES, April 30, 2025 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX) ("MediaAlpha" or the "Company"), today announced its financial results for the first quarter ended March 31, 2025. “We had a record first quarter, beating expectations across the ...
RE/MAX NATIONAL HOUSING REPORT FOR MARCH 2025
Prnewswire· 2025-04-16 20:16
March Home Sales Jump 23% over February as Inventory Mounts, Prices RiseDENVER, April 16, 2025 /PRNewswire/ -- March, a pivotal month in the seasonal ramp-up of home sales toward the peak summer selling months, did not disappoint. March sales increased 23.0% over February, marking the largest month-over-month sales increase since 37.4% in March 2023. Compared to March 2024, however, sales were down 1.4%. Active inventory was up 35.5% year-over-year across the 50 metro areas surveyed. The surge in month ...
DEWALT® Sets New Benchmark in its Cordless Cut Capacity with Release of the 20V MAX* XR® 12-In. Double Bevel Sliding Miter Saw
Prnewswire· 2025-04-15 13:15
"No matter the jobsite, DEWALT is driven to engineer products that empower the pro," said Bill Harman, Vice President of Product Management at DEWALT. "From the first cut to the last screw, DEWALT's carpentry lineup provides end-to-end solutions that deliver precision and performance at every step of the workflow." New DEWALT Carpentry Solutions Include: 20V MAX* XR® 12-In. Double Bevel Sliding Miter Saw The 20V MAX* XR® 12-In. Double Bevel Sliding Miter Saw (DCS785) boasts DEWALT's largest cut capacity a ...
RE/MAX HOLDINGS, INC. TO RELEASE FIRST QUARTER 2025 RESULTS ON MAY 1, 2025
Prnewswire· 2025-04-10 20:15
DENVER, April 10, 2025 /PRNewswire/ -- RE/MAX Holdings, Inc. (NYSE:RMAX), parent company of RE/MAX, one of the world's leading franchisors of real estate brokerage services, and Motto Mortgage, the first and only national mortgage brokerage franchise brand in the U.S., will release financial results for the quarter ended March 31, 2025, after market close on Thursday, May 1, 2025, and will host a conference call and webcast for interested parties on Friday, May 2, 2025, at 8:30 a.m. Eastern Time.RE/MAX Hold ...