Q3 Revenue Jumps 23% to $375.9M With Record EBITDA of $39.5M
MAX sits 83% above its 52-week low of $7.09.
Summary
MediaAlpha delivered Q3 revenue of $375.9M, up 23% year over year, with net income of $29.4M and record Adjusted EBITDA of $39.5M. That follows the September 3rd 8-K and Dow Jones report that Q3 revenue, contribution and adjusted EBITDA were tracking at or above the top end of guidance — the actual numbers confirm the upside. Revenue growth accelerated from Q2's $316.9M (+26% YoY), and management said P&C strength continued while health is expected to be only about 4% of Q4 revenue. The company also repurchased $9M of stock in Q3 and bought out a $22.7M tax receivable liability for $12M in cash, a 47% discount, and guided FY26 free cash flow to $90M–$100M. The one soft spot: net income of $29.4M came in below Q2's $41.8M, so profitability did not scale with the top line. Q4 results and any formal 2027 guidance will show whether the double-digit growth and cash returns hold.
At the time of this announcement, MAX was trading at $12.99 on NYSE in the Technology sector, with a market capitalization of approximately $718M. The 52-week trading range was $7.09 to $14.70. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.