Overview

* MediaAlpha ( MAX ) Q3 revenue grows 18% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 beats consensus, reflecting robust operational performance

* Company announces $50 mln share repurchase program, indicating confidence in future growth

Outlook

* Company expects Q4 2025 transaction value between $620 mln and $645 mln

* MediaAlpha ( MAX ) sees Q4 P&C transaction value up 45% year-over-year

* Company anticipates Q4 health transaction value to decline 45% year-over-year

Result Drivers

* P&C GROWTH - Co attributes 41% increase in P&C transaction value to intensified carrier demand and expanded partner base

* SHARE REPURCHASE - Co authorizes $50 mln share repurchase program, reflecting confidence in stock value

* HEALTH DECLINE - Health insurance transaction value fell 40% yr/yr, impacting overall growth

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $306.51 $284.09

Revenue mln mln (7

Analysts

)

Q3 Net $17.64

Income mln

Q3 Beat $29.10 $26.69

Adjusted mln mln (6

EBITDA Analysts

)

Q3 Gross 14.20%

Margin

Q3 $19.73

Operatin mln

g Income

Q3 $17.69

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 2 "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 $16.50, about 31.6% above its October 28 closing price of $11.28

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release:

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(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.)