MediaAlpha Inc. (MAX) Misses Q3 EPS by 11c, Offers Guidance

MediaAlpha Inc. (NYSE: MAX) reported Q3 EPS of ($0.10), $0.11 worse than the analyst estimate of $0.01. Revenue for the quarter came in at $152.7 million versus the consensus estimate of $161.79 million.

GUIDANCE:

MediaAlpha Inc. sees Q4 2021 revenue of $151-161 million, versus the consensus of $200 million.

• Transaction Value between $241 million - $256 million, representing a 3% year-over-year decline at the midpoint of the guidance range;
• Revenue between $151 million - $161 million, representing an 18% year-over-year decline at the midpoint of the guidance range;
• Contribution between $25 million - $28 million, representing a 13% year-over-year decline at the midpoint of the guidance range; and
• Adjusted EBITDA between $13 million - $15 million, representing a 23% year-over-year decline at the midpoint of the guidance range.

For the full year 2021, MediaAlpha currently expects the following:

• Transaction Value between $1,015 million - $1,030 million, representing 25% year-over-year growth at the midpoint of the guidance range;
• Revenue between $635 million - $645 million, representing 9% year-over-year growth at the midpoint of the guidance range;
• Contribution between $106 million - $109 million, representing 16% year-over-year growth at the midpoint of the guidance range; and
• Adjusted EBITDA between $58 million - $60 million, representing 2% year-over-year growth at the midpoint of the guidance range.

For earnings history and earnings-related data on MediaAlpha Inc. (MAX) click here.

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