MediaAlpha, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 01, 2023 at 04:05 pm EDT
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MediaAlpha, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 74.57 million compared to USD 89.02 million a year ago. Net loss was USD 13.5 million compared to USD 14.49 million a year ago. Basic loss per share from continuing operations was USD 0.29 compared to USD 0.34 a year ago.
For the nine months, sales was USD 270.98 million compared to USD 335.07 million a year ago. Net loss was USD 38.05 million compared to USD 30.7 million a year ago. Basic loss per share from continuing operations was USD 0.84 compared to USD 0.74 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. 
