The earnings call presents a mixed picture with strong growth in the P&C vertical and a positive resolution with the FTC, but significant challenges in the health insurance vertical and a declining under-65 business. Financial performance remains solid, but future growth in certain segments is uncertain.

Company Guidance

During the MediaAlpha Inc. Second Quarter 2025 Earnings Call, the company provided guidance for the third quarter of 2025, highlighting expectations for record transaction value between $545 million and $570 million, representing a year-over-year increase of 23% at the midpoint. Revenue is projected to be between $270 million and $290 million, reflecting an 8% increase year-over-year at the midpoint. Adjusted EBITDA is anticipated to be between $25.5 million and $27.5 million, marking a 1% rise year-over-year at the midpoint, despite an expected $4 million impact from a decline in under-65 contribution. The company foresees a 35% year-over-year growth in P&C transaction value, while the health vertical is expected to see a decline of approximately 40% to 45% year-over-year. Additionally, MediaAlpha plans to increase overhead by about $1 million to support growth, while maintaining financial flexibility with significant cash flow generation and a net debt to adjusted EBITDA ratio of 0.6x.

Strong Growth in P&C Vertical

Transaction value for the P&C vertical grew by 71% year-over-year, driven by increased marketing investments from leading auto insurance carriers and new supply partner wins.

Positive Resolution with FTC

MediaAlpha reached a settlement with the FTC, resolving the investigation into their under-65 health insurance business with a $45 million payment. This is seen as a positive step forward.

Solid Financial Performance

Adjusted EBITDA for the quarter was $24.5 million, increasing by 31% year-over-year. Cash flow generation was strong, with $22 million generated in Q2.

Extension of Debt Maturity

MediaAlpha extended the maturity of $142.6 million of its $156.3 million indebtedness by one year, providing financial flexibility.

MediaAlpha (MAX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

MAX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 29, 2025	2025 (Q3)	0.19 / -	0.17	―	―	―
Aug 06, 2025	2025 (Q2)	0.17 / -0.33	0.07	-571.43% (-0.40)
Apr 30, 2025	2025 (Q1)	0.14 / -0.04	-0.02	-100.00% (-0.02)
Feb 24, 2025	2024 (Q4)	0.23 / 0.08	-0.05	260.00% (+0.13)
Oct 30, 2024	2024 (Q3)	0.13 / 0.17	-0.29	158.62% (+0.46)
Jul 31, 2024	2024 (Q2)	<0.01 / 0.07	-0.32	121.88% (+0.39)	―
May 01, 2024	2024 (Q1)	-0.10 / -0.02	-0.23	91.30% (+0.21)
Feb 20, 2024	2023 (Q4)	-0.18 / -0.05	-0.63	92.06% (+0.58)
Nov 01, 2023	2023 (Q3)	-0.29 / -0.29	-0.34	14.71% (+0.05)	―
Aug 02, 2023	2023 (Q2)	-0.29 / -0.32	-0.22	-45.45% (-0.10)	―

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
Aug 06, 2025	$10.35	$11.39	+10.05%
Apr 30, 2025	$8.40	$9.59	+14.17%
Feb 24, 2025	$11.41	$9.30	-18.49%
Oct 30, 2024	$20.73	$17.13	-17.37%

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 (MAX) report earnings?

MediaAlpha (MAX) is schdueled to report earning on Oct 29, 2025, After Close (Confirmed).

What is MediaAlpha (MAX) earnings time?

MediaAlpha (MAX) earnings time is at Oct 29, 2025, 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 2025 (Q3) is 0.19.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing