MediaAlpha Announces Third Quarter 2021 Financial Results
MediaAlpha, Inc. Class A (MAX)
Company Research
Source: Business Wire
Revenue of $153 million, up 1% year over yearRevenue from Property & Casualty down 8% year over year to $105 millionRevenue from Health up 25% year over year to $34 millionTransaction Value of $255 million, up 17% year over year LOS ANGELES--(BUSINESS WIRE)--MediaAlpha, Inc. (NYSE: MAX), today announced its financial results for the third quarter ended September 30, 2021.“We faced headwinds in the third quarter. While our Transaction Value grew 17% year over year, we underperformed relative to expectations due to market challenges in our property and casualty (P&C) insurance vertical,” said Steve Yi, CEO of MediaAlpha. “Many of our P&C carrier partners are experiencing higher than expected insurance losses, driven by a post-pandemic increase in accident frequency and severity, as well as elevated catastrophe losses. These carriers are taking actions to restore profitability and have temporarily scaled back their marketing investments, and we are reducing our full year guidance acco
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MAX
Earnings
- 2/20/24 - Beat
MAX
Sec Filings
- 4/10/24 - Form DEFA14A
- 4/3/24 - Form ARS
- 4/3/24 - Form DEFA14A
- MAX's page on the SEC website