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Stock impact report

EverQuote Announces Second Quarter 2022 Financial Results

EverQuote, Inc. - Class A (EVER) 
Last everquote, inc. - class a earnings: 2/24 04:05 pm Check Earnings Report
US:NYSE Investor Relations: about.everbank/news/tiaa
Company Research Source: GlobeNewswire
Performance Exceeds Guidance on Key Financial MetricsTotal Revenue of $101.9 millionVariable Marketing Margin of $33.1 millionDTCA Operations Generated 13% of Total Revenue CAMBRIDGE, Mass., Aug. 01, 2022 (GLOBE NEWSWIRE) -- EverQuote, Inc. (Nasdaq: EVER), a leading online insurance marketplace, today announced financial results for the quarter ended June 30, 2022. “In the second quarter, we exceeded guidance expectations across our three primary financial KPIs delivering revenue of $101.9 million and Variable Marketing Margin, or VMM, of $33.1 million, and generated positive Adjusted EBITDA,” said Jayme Mendal, CEO of EverQuote. “We are effectively reacting to a rapidly changing market environment, altering our cost structure and modifying our bidding strategy to navigate continued volatility and increased headwinds in the auto insurance industry. We are also benefiting from our multi-year effort to diversify our distribution into agent channels. Our Direct-to-Consumer-Agency, or Show less Read more
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