MediaAlpha Inc. (MAX) Tops Q1 EPS by 7c, provides guidance

MediaAlpha Inc. (NYSE: MAX) reported Q1 EPS of ($0.02), $0.07 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $126.6 million versus the consensus estimate of $111.18 million.

GUIDANCE:

MediaAlpha Inc. sees Q2 2024 revenue of $145-155 million, versus the consensus of $107.2 million.
Adjusted EBITDA between $15.5 million and $17.5 million, representing a 359% year-over-year increase at the midpoint of the guidance range. We are projecting Contribution less Adjusted EBITDA to be approximately $0.5 million higher than Q1 2024 levels.
Transaction Value between $285 million – $300 million, representing a 132% year-over-year increase at the midpoint of the guidance range;

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

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