Mediaalpha, Inc. (MAX)
NYSE:MAX
Want to see MAX full AI Analyst Report?
Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.23Last Year’s EPS
-0.33Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a predominantly positive operational and financial picture: revenue and adjusted EBITDA beat guidance, core business growth (ex‑under‑65 Health) was strong (+28% YoY), contribution‑focused guidance implies healthy mid‑teens to high‑teens YoY growth for Q2, and management set a robust free cash flow target ($90M–$100M) while executing on share repurchases and refinancing to extend maturities. Notable negatives included a low cash balance in Q1 driven by one‑time payments (FTC, bonuses, tax receivable), a strategic de‑emphasis of under‑65 Health (reducing near‑term contribution), the decision to stop reporting transaction value (which may reduce metric transparency for some investors), and an expectation that growth will moderate in the back half of 2026 amid macro and underwriting uncertainty. On balance, the positives (beats, strong core growth, product/LLM tailwinds, shareholder returns and FCF outlook) outweigh the negatives.Company Guidance
Revenue Above Guidance
Reported revenue of $310.0M for Q1, coming in above the high end of guidance and driven by a favorable mix shift to the higher-margin open marketplace.
Adjusted EBITDA Growth
Adjusted EBITDA of $31.4M, up 7% year-over-year, with an efficient operating model converting 64% of contribution to adjusted EBITDA.
Strong Core Performance Excluding Under‑65 Health
Excluding under‑65 Health, core business revenue and adjusted EBITDA each grew 28% year‑over‑year, and management expects Q2 contribution and adjusted EBITDA (ex‑under‑65) to grow ~25% and ~31% YoY, respectively.
Positive Q2 Guidance (Contribution-Focused)
Q2 guidance: revenue $290M–$310M (midpoint ≈ $300M, ~19% YoY growth at midpoint), contribution $45.5M–$48.5M (≈18% YoY at midpoint), and adjusted EBITDA $28M–$30.5M (~19% YoY at midpoint). Company will guide to contribution going forward.
Free Cash Flow and Capital Return Targets
Full‑year free cash flow expected to be $90M–$100M. Repurchased ~2.6M shares for $25M year‑to‑date (~4% of the company) and remain on track to repurchase the majority of the remaining $60M of the $100M authorization in 2026.
Balance Sheet and Liquidity Actions
Completed refinancing: new $150M senior secured term loan plus $60M revolving credit facility (maturing March 2031). Ended Q1 with $26.1M cash and $45M undrawn on the revolver, providing enhanced financial flexibility.
Product and Market Innovation
Launched autoinsurance.net — a ChatGPT‑powered shopping experience — and highlighted a potential tailwind from LLMs shifting toward ad monetization (OpenAI/ChatGPT ad strategy) that could accelerate referral traffic and revenue over the next 2–3 years.
Workplace Recognition
Earned Great Place to Work certification for the 10th consecutive year with 95% of employees affirming a positive workplace experience, underscoring strong culture and team stability.
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
MAX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $10.00 | $8.51 | -14.90% |
Feb 23, 2026 | $7.77 | $8.97 | +15.44% |
Oct 29, 2025 | $11.12 | $12.23 | +9.98% |
Aug 06, 2025 | $10.35 | $11.39 | +10.05% |
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.
FAQ
When does Mediaalpha, Inc. (MAX) report earnings?
Mediaalpha, Inc. (MAX) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Mediaalpha, Inc. (MAX) earnings time?
Mediaalpha, Inc. (MAX) earnings time is at Aug 05, 2026, After Close (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 2026 (Q2) is 0.23.