EarningsEverQuote's Q3 results came in solidly above expectations, with revenue, VMM, and adj. EBITDA all noticeably above estimates as the recovery in auto insurance spending continues.
Industry ReboundThe auto insurance industry continued to rebound as carriers reactivated marketing campaigns, leading to EverQuote's results exceeding both analyst and Street expectations.
Revenue GrowthAuto revenue tripled year-over-year, contributing to overall revenue growth of approximately 163%.