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LOS ANGELES - MediaAlpha, Inc. (NYSE:MAX) saw its stock surge 20% after reporting first quarter 2025 financial results that exceeded expectations, driven by robust growth in its property and casualty insurance vertical.
The insurance advertising technology company posted revenue of $264.3 million for the quarter, up 109% year-over-year (YoY). Transaction (JO:NTUJ) value, a key metric for the company, jumped 116% YoY to $473.1 million, with the property and casualty segment surging 200% to $407 million.
MediaAlpha reported a net loss of $2.3 million for the quarter, compared to a $1.5 million loss in the same period last year. Adjusted EBITDA more than doubled to $29.4 million from $14.4 million YoY.
"We had a record first quarter, beating expectations across the board, thanks largely to the continued strength in our P&C insurance vertical," said MediaAlpha co-founder and CEO Steve Yi.
For the second quarter, MediaAlpha expects transaction value between $470 million and $495 million, representing 50% YoY growth at the midpoint. Revenue is projected to be $235 million to $255 million, up 37% YoY at the midpoint.
The company anticipates adjusted EBITDA of $25 million to $27 million for Q2, a 39% increase YoY at the midpoint.
MediaAlpha’s strong results and outlook reflect continued momentum in its core property and casualty insurance business, offsetting weakness in its health insurance vertical.
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