MediaAlpha reports Q1 EPS (4c) vs. (2c) last year

Reports Q1 revenue $264.31M, consensus $235.99M. “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 (MAX) co-founder and CEO Steve Yi. “Transaction Value more than doubled year over year, and for the first time ever, we delivered over $100 million of Adjusted EBITDA over a trailing twelve month period. Looking ahead, we believe our unmatched scale, extensive partner network, and superior data capabilities will further differentiate us from competitors and enable us to drive long-term profitable growth and shareholder value.”