MAX - MediaAlpha GAAP EPS of -$0.17 misses by $0.05 revenue of $142.6M beats by $1.4M

MediaAlpha press release (NYSE:MAX): Q1 GAAP EPS of -$0.17 misses by $0.05. Revenue of $142.6M (-17.9% Y/Y) beats by $1.4M. Transaction Value of $239 million, down 9% year over year Transaction Value from Property & Casualty down 19% year over year to $148 million Transaction Value from Health up 20% year over year to $60 million Contribution Margin of 16.5%, compared with 16.1% in the first quarter of 2021. For the second quarter of 2022, MediaAlpha currently expects the following: Transaction Value between $180 million - $195 million vs. $156.31M consensus representing a 27% year-over-year decline at the midpoint of the guidance range; Revenue between $110 million - $120 million, representing a 27% year-over-year decline at the midpoint of the guidance range; Adjusted EBITDA between $2.5 million - $5.0 million, representing a 75% year-over-year decline at the midpoint of the guidance range.

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MediaAlpha GAAP EPS of -$0.17 misses by $0.05, revenue of $142.6M beats by $1.4M