MediaAlpha Reports Q1 Revenue of $310M
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
0mins
Should l Buy MAX?
Reports Q1 revenue $310M, consensus $298.58M. "We delivered record first-quarter results, driven by strong auto insurance advertising spend and broader carrier participation resulting in a continued favorable mix shift to our Open Marketplace," said Steve Yi, CEO of MediaAlpha. "We are energized by our deeper engagement with a growing number of carriers about further leveraging our trusted infrastructure and AI-powered targeting capabilities to maximize their ROI and gain share in a highly competitive market."
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Analyst Views on MAX
Wall Street analysts forecast MAX stock price to rise
6 Analyst Rating
6 Buy
0 Hold
0 Sell
Strong Buy
Current: 9.110
Low
15.00
Averages
16.75
High
19.00
Current: 9.110
Low
15.00
Averages
16.75
High
19.00
About MAX
MediaAlpha, Inc. is an online customer acquisition platform for insurance in property and casualty, health, and life. The Company's technology platform brings together insurance carriers, agents, and high-intent consumers through a real-time, programmatic, transparent, and results-driven ecosystem. Its platform is a set of predictive analytics algorithms that incorporate hundreds of variables to generate conversion probabilities for each consumer, enabling its partners to align customer acquisition costs with expected customer LTV across the platform. Its platform allows buyers to fully integrate first-party consumer data to enhance targeting parameters, bidding granularity and conversion tracking, resulting in accurate customer acquisition and LTV predictions. Its search and conversion datasets enable automated, algorithmic customer acquisition optimizations. It offers a self-service model, which enables its partners to directly manage the buying and selling process independently.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Exploration Project Updates: The 2026 exploration season is in full swing, with updates on MAX's Mora Gold and Sierra Azul Copper Silver projects in Colombia, as well as the Florália High Purity Iron project in Brazil, expected to be released soon, reflecting the company's proactive stance in resource development.
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See More
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- Strategic Shift Signals: The launch of autoinsurance.net, a ChatGPT-powered shopping experience, although still in proof-of-concept, suggests a strategic pivot towards advertising monetization, potentially attracting more consumer traffic to the marketplace.
- Adjusted Future Outlook: Management expects Q2 revenue to range between $290 million and $310 million, with adjusted EBITDA projected at $28 million to $30.5 million, reflecting the company's adaptability to market conditions and cautious outlook for future growth.
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See More
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- Contribution and Adjusted EBITDA: Expected contribution ranges from $45.5 million to $48.5 million, an 18% year-over-year increase at the midpoint, while adjusted EBITDA is projected between $28 million and $30.5 million, showcasing efforts in cost control and profitability enhancement.
- Health Business Impact: Although a decline of approximately $2 million is expected in contribution from under-65 Health, excluding this segment, contribution is projected to increase by 25% year-over-year, with adjusted EBITDA expected to rise by 31%, reflecting strong performance in other areas.
See More
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- FTC Allegations: The FTC has charged MediaAlpha with deceiving consumers into purchasing plans that did not provide promised healthcare coverage while bombarding them with telemarketing and robocalls, which could severely impact the company's reputation and customer trust.
- Settlement Agreement: On August 6, 2025, MediaAlpha agreed to settle with the FTC by paying a $45 million fine, a substantial penalty that not only affects the company's financial standing but may also trigger shareholder accountability for the management.
- Legal Consequences: The investigation by Julie & Holleman LLP could lead to legal claims against MediaAlpha's directors and officers, further exacerbating the legal risks faced by the company and potentially affecting its future operations and market performance.
See More
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- High Employee Satisfaction: This year, 95% of MediaAlpha's employees reported that it is a great place to work, which is 38 percentage points higher than the average U.S. company, demonstrating the company's exceptional performance in employee satisfaction and trust, thereby reinforcing its competitive advantage in the insurance industry.
- Sustained Cultural Development: Achieving certification for ten consecutive years reflects not only a strong corporate culture but also MediaAlpha's consistent maintenance of core values such as accountability, curiosity, transparency, and long-term focus through industry changes and growth, ensuring long-term employee development and business stability.
- Investment in Employee Growth: The company supports certifications, technical skills, and leadership development through its training budget, and its promote-from-within philosophy allows employees to build careers at MediaAlpha rather than just filling roles, thereby enhancing employee loyalty and work efficiency, which strengthens the company's market competitiveness.
- Industry Leadership Position: As a leading programmatic customer acquisition platform in the insurance industry, MediaAlpha transacted over 141 million consumer referrals in 2025, driving $2.2 billion in advertising spend, showcasing its strong market influence and sustained growth potential.
See More
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- Corporate Spending Recovery: As businesses shift focus from crisis management to long-term growth, there is a significant increase in demand for professional services, digital transformation consulting, and automated financial platforms, enabling these providers to capitalize on higher deal volumes and expanded service contracts, thus driving revenue growth.
- CBIZ Stock Volatility: CBIZ's shares have experienced 20 moves greater than 5% over the past year, with today's 5.2% increase suggesting that the market considers the latest news significant, although it does not fundamentally alter perceptions of the business, reflecting investor confidence in its strategic positioning.
- Long-term Investment Opportunity: With CBIZ down 40.1% since the beginning of the year and currently trading at $30.41, which is 61.7% below its 52-week high of $79.50, this presents an opportunity for investors to seek high-quality stocks amidst market volatility, especially given analysts' optimistic outlook on its future prospects.
See More
