MediaAlpha, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 04, 2022 at 02:15 pm EDT
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MediaAlpha, Inc. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 89.02 million compared to USD 152.75 million a year ago. Net loss was USD 14.49 million compared to USD 3.53 million a year ago. Basic loss per share from continuing operations was USD 0.34 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.34 compared to USD 0.1 a year ago.
For the nine months, sales was USD 335.07 million compared to USD 483.69 million a year ago. Net loss was USD 30.7 million compared to USD 3.46 million a year ago. Basic loss per share from continuing operations was USD 0.74 compared to USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 0.74 compared to USD 0.09 a year ago.
MediaAlpha, Inc. is an online customer acquisition channel in property and casualty (P&C) insurance, health insurance and life insurance. Its technology platform brings insurance carriers and high-intent consumers together through a real-time, programmatic, transparent, and results-driven ecosystem. Its platform is a set of predictive analytics algorithms that incorporate various variables to generate conversion probabilities for each consumer. The Companyâs platform allows buyers to fully integrate first-party consumer data to enhance targeting parameters, bidding granularity and conversion tracking. Its search and conversion datasets enable automated, algorithmic customer acquisition optimizations. It offers a self-service model, which enables its partners to directly manage the buying and selling process independently. Through its platform, its insurance carrier partners can target and price across over 35 separate consumer attributes to manage customized acquisition strategies.
MEDIAALPHA, INC. 
