From GlobeNewswire: 2025-02-24 16:05:00

MediaAlpha exceeded fourth-quarter guidance with revenue growth of 157% and transaction value growth of 202%, reaching a record transaction value of $401 million in the Property & Casualty vertical. Full-year 2024 revenue grew by 123% to $865 million, with transaction value up by 151% to $1.5 billion.

Net income for full-year 2024 significantly improved to $22.1 million, with record adjusted EBITDA of $96.1 million. Transaction value from Property & Casualty totaled $401 million in the fourth quarter, marking a 639% year-over-year increase. MediaAlpha remains in active settlement discussions with the FTC.

For the first quarter of 2025, MediaAlpha expects P&C transaction value to grow by approximately 170% year-over-year, offset by a high single-digit sequential decline in pricing. Transaction value in the Health vertical is expected to decline by a high-teens percentage as conditions continue to soften in the under-65 market segment.

Adjusted EBITDA for the first quarter of 2025 is projected to be $24.5 million to $26.5 million, representing a 77% year-over-year increase at the midpoint of the guidance range. MediaAlpha is not providing a reconciliation of Adjusted EBITDA to net income due to uncertainties and reconciling items that could significantly impact GAAP measures.

MediaAlpha will host a conference call to discuss its fourth quarter and full year 2024 results, as well as the financial outlook for the first quarter of 2025. The company’s financial results reflect strong growth and performance across its various verticals, driven by robust volume and pricing.

MediaAlpha’s key business metrics, including Transaction Value, Contribution, and Contribution Margin, demonstrate the company’s operational performance and financial efficiency. These non-GAAP financial measures provide valuable insights into the company’s operating results and overall profitability.



Read more at GlobeNewswire:: MediaAlpha Announces Fourth Quarter and Full Year 2024