Overview

* MediaAlpha ( MAX ) Q2 revenue rises 41%, beating analyst expectations, per LSEG data

* Adjusted EBITDA for Q2 misses analyst estimates, per LSEG data

* Co resolves FTC inquiry, adds $33 mln reserve related to settlement

Outlook

* MediaAlpha ( MAX ) expects Q3 Transaction Value of $545 mln to $570 mln

* Company sees Q3 revenue between $270 mln and $290 mln

* MediaAlpha ( MAX ) projects 35% growth in P&C transaction value in Q3

* Company expects 40%-45% decline in Health transaction Valuv in Q3

Result Drivers

* P&C GROWTH - 71% year-over-year transaction value growth in Property & Casualty insurance vertical driven by sustained demand from leading carriers and expanding partner base, per CEO Steve Yi

* HEALTH DECLINE - Transaction value in Health insurance vertical decreased by 32% year-over-year, affecting overall contribution margin

* FTC SETTLEMENT - Co resolved FTC inquiry, adding $33 mln reserve related to settlement, impacting net income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $251.62 $250.70

Revenue mln mln (7

Analysts

)

Q2 Net -$22.53

Income mln

Q2 Miss $24.50 $26.20

Adjusted mln mln (5

EBITDA Analysts

)

Q2 Gross 15.0%

Margin

Q2 -$20.04

Operatin mln

g Income

Q2 -$22.22

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for Mediaalpha Inc ( MAX ) is $16.00, about 36.6% above its August 5 closing price of $10.14

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)