MediaAlpha, Inc. (MAX) Q1 2025 Earnings Call Transcript

2025-04-30 19:45:24 ET

MediaAlpha, Inc. (MAX)

Q1 2025 Earnings Conference Call

April 30, 2025 5:00 p.m. ET

Company Participants

Alex Liloia - Investor Relations

Steve Yi - Co-Founder and Chief Executive Officer

Pat Thompson - Chief Financial Officer

Conference Call Participants

Maria Rips - Canaccord Genuity

Cory Carpenter - J.P. Morgan

Tom McJoynt - KBW

Mike Zaremski - BMO Capital Markets

Andrew Kligerman - TD Securities

Eric Sheridan - Goldman Sachs

Ben Hendrix - RBC Capital Markets

Presentation

Operator

Thank you for standing by. My name is Carmen, and I would like to welcome everyone to the MediaAlpha First Quarter 2025 Earnings Conference Call. All lines have been placed on mute to prevent any interference in the background. After the speaker's remarks, there will be a question and answer session. [Operator Instructions]

Thank you. I will now turn the call over to Alex Lalea, Investor Relations. Please go ahead.

Alex Liloia

Thanks, Carmen. Good afternoon, and thank you for joining us. With me are Co-Founder and CEO, Steve Yi; and CFO, Pat Thompson.

On today's call, we'll make four looking statements relating to our business and outlook for future financial results, including our financial guidance for the second quarter of 2025. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Please refer to our SEC filings, including our annual report on Form 10-K and quarterly reports on Form 10-Q, for a full explanation of those risks and uncertainties and the limits applicable to forward-looking statements.

All the forward-looking statements we make on this call reflect our assumptions and beliefs as of today, and we disclaim any obligation to update such statements except as required by law. Today's discussion will include non-GAAP financial measures, which are not a substitute for GAAP results. Reconciliations of these non-GAAP financial measures to the corresponding GAAP measures can be found in our press release and shareholder letter issued today, which are available on the Investor Relations section of our website....

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