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MediaAlpha (NYSE:MAX) said it has received Board's approval to repurchase up to $5M of its shares under the new buyback program. The repurchases are expected to be made over Q2 and Q3 of 2022. "Going forward, we believe that our strong cash flow generation will allow us to continue to invest in organic growth and value-accretive M&A opportunities while opportunistically repurchasing shares," said CFO Patrick Thompson. Earlier, MediaAlpha GAAP EPS of -$0.19, revenue of $645.27M