MediaAlpha reported record second quarter revenue of $316.9 million and diluted EPS of $0.65, surpassing analyst estimates of $300.9 million and $0.21, respectively. The results were driven by continued strength in the company's Property & Casualty vertical, which offset significant declines in the Health insurance segment.
Key Highlights
- Revenue grew 26% year-over-year to a record $316.9 million, led by a 36% increase in the Property & Casualty (P&C) insurance vertical to $308.8 million.
- The company reported net income of $41.8 million, a significant turnaround from a net loss of $22.5 million in the prior-year quarter.
- For the third quarter of 2026, MediaAlpha guided for revenue between $330 million and $355 million, representing 12% year-over-year growth at the midpoint.