MediaAlpha reports Q4 EPS 8c vs. (5c) last year

Reports Q4 revenue $300.65M consensus $289.38M.Adjusted EBITDA of $36.7M , compared with $12.7 M in the fourth quarter of 2023. Additionally, the Company remains in active settlement discussions with the FTC and has recorded a $7.0 million reserve related to this matter in accordance with U.S. GAAP. “Our fourth quarter financial results surpassed our expectations, closing out a year of record-breaking performance,” said MediaAlpha (MAX) co-founder and CEO Steve Yi. “Our Property & Casualty insurance vertical reached new highs, fueled by favorable trends in the auto insurance sector, including improving profitability and continued robust advertising spend by our key auto carrier partners, and we made meaningful market share gains driven by our leading marketplace model. As we look ahead, we remain confident that our commitment to our partnerships and industry leading scale and efficiency will drive long-term sustainable growth and shareholder value creation.”