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MediaAlpha (MAX)
NYSE:MAX
Holding MAX?
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Earnings Data
Report Date
Feb 20, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.22Last Year’s EPS
-$0.05Same Quarter Last Year
Strong Buy
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -45.92%
|Next Earnings Date:Feb 20, 2025
Earnings Call Sentiment|Positive
The earnings call reflected strong financial performance with record metrics and positive future guidance, despite challenges in the Health vertical and upcoming regulatory changes.Company Guidance
During the MediaAlpha, Inc. Q3 2024 earnings call, the company reported record Transaction Value of $451.8 million and adjusted EBITDA of $26.3 million, surpassing their guidance. The property and casualty (P&C) vertical saw a 52% sequential increase in Transaction Value, and the Health vertical was up 9% year-over-year. For Q4, the company anticipates Transaction Value to be between $470 million and $495 million, with revenue projected to range from $275 million to $295 million. Adjusted EBITDA for Q4 is expected to be between $29.5 million and $32.5 million. Despite the impending TCPA 1-to-1 consent rules, which will affect only 5% to 6% of their total Transaction Value, MediaAlpha does not foresee a significant impact on their business due to their focus on clicks rather than leads.Record Transaction Value and Adjusted EBITDA
Transaction Value reached $451.8 million and adjusted EBITDA was $26.3 million, both exceeding the high-end of guidance.
P&C Vertical Growth
Property and Casualty Transaction Value was up 52% sequentially, driven by increased year-over-year pricing and higher volumes.
Q4 Revenue and EBITDA Guidance
Q4 Transaction Value is expected to increase by 192% year-over-year at the midpoint, with revenue growth of 143% and adjusted EBITDA growth of 144%.
Deleveraging Progress
Net debt to adjusted EBITDA ratio ended the quarter at less than 2x, indicating solid progress in deleveraging.
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MAX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $20.73 | $17.13 | -17.37% |
| Jul 31, 2024 | $14.67 | $16.59 | +13.09% |
| May 01, 2024 | $21.06 | $22.08 | +4.84% |
| Feb 20, 2024 | $15.80 | $19.71 | +24.75% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does MediaAlpha (MAX) report earnings?
MediaAlpha (MAX) is schdueled to report earning on Feb 20, 2025, TBA Not Confirmed.
What is MediaAlpha (MAX) earnings time?
MediaAlpha (MAX) earnings time is at Feb 20, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MAX EPS forecast?
MAX EPS forecast for the fiscal quarter 2024 (Q4) is $0.22.
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