EVER - Why Online Insurance Marketplace Provider EverQuote Shares Are Up Premarket Tuesday | Benzinga
EverQuote, Inc. (NASDAQ:EVER) shares are trading higher after the company reported better-than-expected fourth-quarter FY23 results and issued strong guidance.
Revenue declined 37% Y/Y to $55.71 million, beating the consensus of $49.81 million.
The company witnessed a decrease of 33% in Automotive insurance vertical revenue to $45.0 million. Meanwhile, revenue from home and renters insurance vertical rose 48% Y/Y to $9.8 million.
Variable Marketing Margin (VMM) of $20.7 million accounted for 37% of revenue ...