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Wolf Haldenstein Adler Freeman & Herz LLP announces that it is investigating MediaAlpha Inc. for potential violations of securities laws
GlobeNewswire News Room· 2025-03-05 12:28
PLEASE CLICK HERE TO PROVIDE YOUR CONTACT INFORMATION NEW YORK, March 05, 2025 (GLOBE NEWSWIRE) -- Wolf Haldenstein Adler Freeman & Herz LLP ("Wolf Haldenstein"), a preeminent national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of MediaAlpha Inc. (NYSE: MAX).(“MediaAlpha” or the “Company”). The investigation concerns whether MediaAlpha and certain of its officers and/or directors have engaged in securities fraud. PLEASE CLICK HERE TO PROVIDE YOUR CON ...
MAX Investors Have the Opportunity to Join Investigation of MediaAlpha, Inc. with the Schall Law Firm
Prnewswire· 2025-02-28 20:05
Group 1 - The Schall Law Firm is investigating claims on behalf of investors in MediaAlpha, Inc. for potential breaches of fiduciary duty by its directors and management [1] - The investigation aims to determine if the MediaAlpha board has breached its fiduciary duties to shareholders [1] - Shareholders are encouraged to participate in the investigation [1] Group 2 - The Schall Law Firm specializes in securities class action lawsuits and shareholder rights litigation [2] - Investors can contact the Schall Law Firm to discuss their rights free of charge [2]
New Resources, Bold Initiatives, Modern Branding Take Center Stage at Annual RE/MAX R4 Convention
Prnewswire· 2025-02-27 21:14
The event in Las Vegas showcased the power of trusted, productive professionals and the modernization of the real estate industry's leading brand DENVER, Feb. 27, 2025 /PRNewswire/ -- At this year's R4® convention, RE/MAX®, the #1 name in real estate*, unveiled bold new resources to elevate its value proposition and reinforce its commitment to over 145,000 agents around the world. With a focus on helping its network of affiliates win more listings in today's competitive landscape, RE/MAX is expanding and mo ...
Securities Fraud Investigation Into MediaAlpha, Inc. (MAX) Announced - Investors Who Lost Money Urged To Contact Glancy Prongay & Murray LLP, a Leading Securities Fraud Law Firm
Prnewswire· 2025-02-26 22:00
LOS ANGELES, Feb. 26, 2025 /PRNewswire/ -- Glancy Prongay & Murray LLP, a leading national shareholder rights law firm, today announced that it has commenced an investigation on behalf of MediaAlpha, Inc. ("MediaAlpha" or the "Company") (NYSE: MAX) investors concerning the Company's possible violations of the federal securities laws.  IF YOU ARE AN INVESTOR WHO LOST MONEY ON MEDIAALPHA, INC. (MAX), CLICK HERE TO INQUIRE ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS.What Happened? On November 4, 202 ...
MediaAlpha, Inc. (MAX) Investors Who Lost Money - Contact Law Offices of Howard G. Smith About Securities Fraud Investigation
Prnewswire· 2025-02-26 20:29
BENSALEM, Pa., Feb. 26, 2025 /PRNewswire/ -- Law Offices of Howard G. Smith announces an investigation on behalf of MediaAlpha, Inc. ("MediaAlpha" or the "Company") (NYSE: MAX) investors concerning the Company's possible violations of federal securities laws. IF YOU ARE AN INVESTOR WHO SUFFERED A LOSS IN MEDIAALPHA, INC. (MAX), CONTACT THE LAW OFFICES OF HOWARD G. SMITH ABOUT POTENTIALLY PURSUING CLAIMS TO RECOVER YOUR LOSS. Contact the Law Offices of Howard G. Smith to discuss your legal rights by email at ...
MediaAlpha (MAX) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-02-25 01:30
MediaAlpha, Inc. (MAX) reported $300.65 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 156.6%. EPS of $0.08 for the same period compares to -$0.05 a year ago.The reported revenue represents a surprise of +4.43% over the Zacks Consensus Estimate of $287.89 million. With the consensus EPS estimate being $0.24, the EPS surprise was -66.67%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare t ...
MediaAlpha, Inc. (MAX) Q4 Earnings Miss Estimates
ZACKS· 2025-02-25 00:15
Core Viewpoint - MediaAlpha, Inc. reported quarterly earnings of $0.08 per share, missing the Zacks Consensus Estimate of $0.24 per share, representing a significant earnings surprise of -66.67% [1] - The company posted revenues of $300.65 million for the quarter ended December 2024, exceeding the Zacks Consensus Estimate by 4.43% and showing substantial growth from $117.17 million year-over-year [2] Financial Performance - The earnings report indicates that MediaAlpha has surpassed consensus EPS estimates three times over the last four quarters [2] - The company has consistently topped consensus revenue estimates in the same timeframe [2] - The current consensus EPS estimate for the upcoming quarter is $0.35 on revenues of $284.6 million, and for the current fiscal year, it is $0.86 on revenues of $1.11 billion [7] Market Position - MediaAlpha shares have increased by approximately 1.1% since the beginning of the year, while the S&P 500 has gained 2.2% [3] - The Zacks Industry Rank places Technology Services in the top 33% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] Future Outlook - The company's future stock performance will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current estimate revisions trend for MediaAlpha is mixed, resulting in a Zacks Rank 3 (Hold), suggesting that shares are expected to perform in line with the market in the near future [6]
MediaAlpha(MAX) - 2024 Q4 - Earnings Call Presentation
2025-02-24 23:19
Investor Presentation February 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," ...
MediaAlpha(MAX) - 2024 Q4 - Earnings Call Transcript
2025-02-24 23:18
MediaAlpha, Inc. (NYSE:MAX) Q4 2024 Earnings Conference Call February 24, 2025 5:00 PM ET Company Participants Alex Liloia - Investor Relations, Hayflower Partners Steve Yi - Co-Founder and CEO Pat Thompson - Chief Financial Officer Conference Call Participants Michael Graham - Canaccord Cory Carpenter - J.P. Morgan Eric Sheridan - Goldman Sachs Ben Hendrix - RBC Operator Thank you for standing by, and good day, everyone. My name is RG, and I will be your conference operator today. At this time, I would lik ...
MediaAlpha(MAX) - 2024 Q4 - Annual Report
2025-02-24 21:43
Financial Performance - For the year ended December 31, 2024, the company generated $1.5 billion in Transaction Value, a 151.4% increase from $593.4 million in 2023[30][46]. - Revenue for the same period was $864.7 million, reflecting a 122.8% growth compared to $387.5 million in 2023[30]. - The company reported a net income of $22.1 million for 2024, compared to a net loss of $56.6 million in 2023, marking a turnaround in profitability[426]. - The company's revenue for the year ended December 31, 2024, was $864.7 million, a significant increase from $388.1 million in 2023, representing a growth of 122%[417]. - Cost of revenue for 2024 was $721.1 million, up from $321.4 million in 2023, indicating an increase of 124%[426]. - Total current assets increased to $189.9 million in 2024 from $74.6 million in 2023, reflecting a growth of 154%[423]. - Total liabilities rose to $308.7 million in 2024, up from $248.4 million in 2023, an increase of 24%[423]. - The company’s cash and cash equivalents increased to $43.3 million in 2024 from $17.3 million in 2023, a growth of 150%[423]. - The company’s total stockholders' deficit improved to $(46.2) million in 2024 from $(94.4) million in 2023, showing a reduction of 51%[423]. - Operating cash flow for 2024 was $45,872 thousand, up from $20,231 thousand in 2023 and $28,274 thousand in 2022, indicating strong operational performance[432]. Customer Acquisition and Market Trends - The platform facilitated an average of 9.9 million Consumer Referrals per month in 2024, leading to approximately 119 million Consumer Referrals for the year[27][47]. - The company served over 1,000 insurance partners in 2024, up from over 920 in 2023[46]. - Clicks accounted for 84.1% of total Transaction Value in 2024, compared to 69.4% in 2023, while calls and leads decreased to 9.4% and 6.5%, respectively[53]. - The insurance industry is projected to grow from $146 billion in customer acquisition spending in 2021 to approximately $176 billion by 2025[40]. - Digital advertising spend in the insurance sector was $9 billion in 2023, expected to rise to around $14 billion by 2026[35]. - The health insurance vertical experiences seasonal strength during the fourth quarter due to increased Consumer Referrals related to the Medicare annual enrollment period[85]. Operational Efficiency and Technology - The technology platform enables insurance carriers to optimize customer acquisition costs based on expected customer lifetime value, enhancing operational efficiency[56]. - The platform is designed to enhance automated buying strategies and granular price discovery processes, addressing inefficiencies in traditional customer acquisition models[77]. - The proprietary technology platform provides sellers with optimization tools to maximize yield from high-intent consumers[71]. - The self-service model allows Demand Partners to manage consumer acquisition spend in real time with minimal involvement from the company[62]. Employee and Organizational Insights - The company employed an average of 139 individuals in 2024, generating $1.5 billion in Transaction Value, equating to $10.7 million per employee[73]. - As of December 31, 2024, the company had 144 full-time employees, focusing on talent acquisition, retention, and employee engagement[91]. - The company has implemented a hybrid work schedule, allowing employees to work in the office two days per week and remotely on other days, along with benefits to ease remote work stress[100]. - The company has a commitment to diversity, equity, and inclusion, focusing on creating sustainable programs and opportunities for lasting change[97]. - The company offers a charitable giving program, matching employee contributions to qualified organizations up to $2,500 per team member per calendar year[98]. Financial Management and Compliance - The company has maintained a capital-efficient business model with minimal capital expenditures of $0.3 million in 2024 and $0.1 million in 2023[33]. - The company has been audited by PricewaterhouseCoopers LLP since 2017, ensuring compliance and reliability in financial reporting[420]. - The company is subject to various laws and regulations, including the California Consumer Privacy Act (CCPA) and the EU's General Data Protection Regulation (GDPR), which may require modifications to data processing practices[87]. - The company is currently evaluating the impact of new accounting standards, including ASU No. 2024-03, which will require disaggregated disclosure of expenses starting after December 15, 2026[510]. - The Company is in compliance with all financial covenants under its credit facilities, but future compliance will depend on various market and business conditions[504]. Risks and Liabilities - The company reported that customer concentrations included 2 customers exceeding 10% of total revenue, with an aggregate value of $358 million, representing 41% of total revenue for 2024[401]. - The company has a supplier concentration with 1 supplier exceeding 10% of total purchases, valued at $75 million, which is 11% of total purchases for 2024[401]. - The company experienced a $1.7 million impact on interest expense for the year ended December 31, 2024, due to a hypothetical 1.0% increase or decrease in interest rates associated with the 2021 Credit Facilities[398]. - The FTC has indicated potential legal action against the Company, which could result in monetary relief and civil penalties that exceed the Company's existing liquidity[505]. Intangible Assets and Goodwill - As of December 31, 2024, the net carrying amount of intangible assets was $19,985,000, down from $26,015,000 in 2023, reflecting a decrease of approximately 23.5%[516]. - The goodwill balance remained unchanged at $47,739,000 for both December 31, 2024, and December 31, 2023, indicating stability in this asset category[517]. - The company reported no accumulated impairment of goodwill as of December 31, 2024[516]. - The total gross amount of intangible assets as of December 31, 2024, was $53,087,000, compared to $52,687,000 in 2023, showing a slight increase of approximately 0.76%[516]. - The company made no additions to goodwill and intangible assets during the year ended December 31, 2024[517].