Core Insights - MediaAlpha, Inc. is a key player in the technology services industry, focusing on data-driven solutions for the insurance sector, distinguishing itself from competitors in the technology-driven insurance platforms market [1] Financial Performance - For Q4 2025, MediaAlpha reported revenue of $291.16 million, which is a 3.2% decrease from the previous year and missed the Zacks Consensus Estimate of $299.24 million by 2.7% [3][4] - The company's earnings per share (EPS) for Q4 2025 were $0.50, a significant increase from $0.08 the previous year, surpassing the consensus estimate of $0.25 by 102.68% [3][4] - Over the last four quarters, MediaAlpha has beaten consensus EPS estimates three times [3] Stock Performance - The current stock price for MediaAlpha (MAX) is $7.77, reflecting a 0.89% decrease with a change of $0.07 [4] - The stock has experienced a daily low of $7.58 and a high of $7.98, with a yearly peak of $13.92 and a low of $7.09 [4] - MediaAlpha's market capitalization is approximately $509.8 million, with a trading volume of 1,347,979 shares on the NYSE [4] Analyst Ratings - RBC Capital updated its rating for MediaAlpha to "Outperform" while lowering the price target from $18 to $11, indicating a cautious outlook on the stock's future performance [2][4]

MediaAlpha, Inc. (MAX) came out with quarterly earnings of $0.5 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +102.68%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.26, delivering a surprise of +23.81%.Over the last four quarters, the compan ...

Financial Data and Key Metrics Changes - 2025 was a record year for the company, achieving $2 billion in Transaction Value, $1 billion in revenue, and $100 million in Adjusted EBITDA for the first time [11] - Transaction Value grew by 45%, driven by a 65% increase in the P&C vertical, offsetting declines in Under-65 health insurance [11] - In Q4, Transaction Value was $613 million, up 23% year-over-year, with P&C vertical growth of 38% and a 40% decline in health vertical [12] - Revenue for Q4 was $291 million, down 3% year-over-year, but up 9% excluding Under-65 health insurance [12] - Adjusted EBITDA for Q4 was $30.8 million, down 16% year-over-year, but core business growth was approximately 10% when excluding Under-65 health insurance [12] Business Line Data and Key Metrics Changes - The P&C vertical showed strong performance with a 38% year-over-year growth, while the health vertical saw a significant decline of 40% [12] - The company narrowed the scope of its Under-65 health insurance business, improving its risk profile and strategic focus [4] - The take rate for Q4 was 7.6%, slightly above expectations, driven by a favorable Open Marketplace mix [12] Market Data and Key Metrics Changes - The company expects continued positive momentum in the P&C business for 2026, with carriers focusing on growing their customer base [5] - The competitive landscape is intensifying, with many carriers lowering rates to gain market share [5] - The company anticipates that advertising budgets will continue to increase as carriers seek to grow in a soft market environment [5] Company Strategy and Development Direction - The company is focused on scaling under-penetrated carriers in its marketplace, optimizing their campaigns, and driving profitable policy growth [6] - There is a significant opportunity to leverage AI for pricing media with greater precision, enhancing publisher yield and return on ad spend for carriers [8] - The company aims to maintain its role as a core infrastructure layer connecting carriers with high-intent shoppers [9] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the overall market ecosystem, noting that many carriers are leaning into growth and customer acquisition [59] - The company expects to generate $90 million to $100 million in free cash flow for 2026, including the final FTC payment [16] - Management believes that the current industry backdrop, including AI evolution, strengthens the company's role in the ecosystem [9] Other Important Information - The company completed $47.3 million in share repurchases, representing approximately 7% of shares outstanding [4] - A $50 million increase in the share repurchase program was authorized, bringing the total to $100 million [14] Q&A Session Summary Question: Changes in AI and its impact on value proposition - Management stated that AI's impact is primarily on the research and shopping experience, with carriers wanting to maintain control over quotes and binding [18][19] Question: Go-to-market strategy for under-penetrated carriers - The company is investing in platform solution capabilities to optimize the conversion process for under-penetrated carriers [24][25] Question: Seasonality in P&C business - Management noted that Q4 was slightly less robust than expected, but Q1 is off to a good start with smaller carriers leaning in [28][29] Question: Medicare Advantage growth opportunity - Management sees long-term growth potential in Medicare Advantage despite current market challenges [44][46] Question: Proprietary component of Transaction Value - The guidance for Q1 indicates a shift towards the Open Marketplace, with expectations for continued growth from under-penetrated carriers [47][48]

MediaAlpha (NYSE:MAX) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Company ParticipantsAlex Liloia - Head of Investor RelationsAndrew Kligerman - Managing DirectorEric Sheridan - Managing DirectorPat Thompson - CFOSteve Yi - CEO and Co-founderTommy McJoynt - Director of Equity ResearchConference Call ParticipantsMichael Zaremski - Managing Director and Senior Equity Research AnalystOperatorLadies and gentlemen, thank you for standing by. Hello, welcome to the MediaAlpha Inc Q4 2025 Earnings Conferenc ...

MediaAlpha (NYSE:MAX) Q4 2025 Earnings call February 23, 2026 05:00 PM ET Speaker4Ladies and gentlemen, thank you for standing by. Hello, welcome to the MediaAlpha Inc Q4 2025 earnings conference call. All lines have been placed on mute to prevent any background noise. At this time, I would like to turn the call over to our Investor Relations, Alex Aloya. Please go ahead.Speaker0Thanks, Dustin. Good afternoon, and thank you for joining us. With me, are Co-Founder and CEO, Steve Yi, and CFO, Pat Thompson. On ...

Investor Supplement Q4 2025 Investor Supplementary Financial Information The accompanying financial information excludes all financial statement disclosures and other information required by generally accepted accounting principles in the United States of America ("GAAP") and Securities and Exchange Commission (SEC) rules and regulations. However, MediaAlpha, Inc. ("MediaAlpha" or the "Company") has previously filed, or has publicly disclosed and will file, with the SEC, consolidated financial statements fo ...

Table of Contents Washington, D.C. 20549 ________________________ FORM 10-K ________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2025 OR o 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 name of Re ...

Exhibit 99.1 MEDIAALPHA ANNOUNCES FOURTH QUARTER AND FULL YEAR 2025 FINANCIAL RESULTS Fourth Quarter Revenue of $291 million and Record Transaction Value of $613 million; Record Transaction Value of $552 million in Property & Casualty Insurance Vertical Record Full-Year 2025 Revenue of $1.1 billion and Transaction Value of $2.2 billion Record Full-Year 2025 Net Income of $26.8 million and Adjusted EBITDA of $113.7 million (1) Board of Directors Doubles Share Repurchase Authorization to $100 million Los Ange ...

Fourth Quarter Revenue of $291 million and Record Transaction Value of $613 million; Record Transaction Value of $552 million in Property & Casualty Insurance Vertical Record Full-Year 2025 Revenue of $1.1 billion and Transaction Value of $2.2 billionRecord Full-Year 2025 Net Income of $26.8 million and Adjusted EBITDA(1)of $113.7 million Board of Directors Doubles Share Repurchase Authorization to $100 million LOS ANGELES, Feb. 23, 2026 (GLOBE NEWSWIRE) -- MediaAlpha, Inc. (NYSE: MAX) ("MediaAlpha" or the ...

Group 1: Fourth Quarter 2025 Highlights - Total revenue decreased by 1.8% to $71.1 million compared to the fourth quarter of 2024 [1] - Revenue excluding Marketing Funds decreased by 0.4% to $53.6 million, impacted by a negative 0.4% organic revenue growth and flat foreign currency movements [1] - Net income attributable to RE/MAX Holdings, Inc. was $1.4 million, with a GAAP EPS of $0.07 [1] - Adjusted EBITDA decreased by 4.0% to $22.4 million, with an Adjusted EBITDA margin of 31.5% and an Adjusted EPS of $0.30 [1] - Total agent count increased by 1.4% to 148,660 agents, while the U.S. and Canada combined agent count decreased by 4.6% to 72,977 agents [1] Group 2: Full-Year 2025 Highlights - Total revenue decreased by 5.2% to $291.6 million compared to the full year of 2024 [1] - Revenue excluding Marketing Funds decreased by 4.3% to $218.8 million, driven by negative 3.9% organic growth and adverse foreign currency movements of 0.4% [1] - Net income attributable to RE/MAX Holdings, Inc. was $8.2 million, with a GAAP EPS of $0.40 [1] - Adjusted EBITDA decreased by 4.1% to $93.7 million, with an Adjusted EBITDA margin of 32.1% and an Adjusted EPS of $1.30 [1] Group 3: Company Strategy and Market Context - The company stated that its strategy is working and beginning to yield results despite 2025 being the third consecutive year of a historically tough housing market in the United States and Canada [1]