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Sentiment · FY2026 Q2
As of FY2026 Q1, the Tellvest earnings-call sentiment score for MediaAlpha, Inc. (MAX) is 8/10.
MediaAlpha opened 2026 with record first-quarter results, as GAAP revenue rose 17.3% year over year to $310 million, above the high end of guidance, and GAAP EPS swung to a $0.21 profit from a small prior-year loss. A favorable shift toward the higher-margin open marketplace, driven by broadening participation from previously underweight carriers, lifted results, and excluding the wound-down under-65 health business, core revenue and adjusted EBITDA each grew 28%. Consolidated adjusted EBITDA was $31.4 million, up 7%, held back by the under-65 reset. Management highlighted a strategic shift by a leading LLM toward advertising monetization as a potential multiyear tailwind and launched autoinsurance.net, a ChatGPT-powered shopping experience, while repurchasing over $25 million of stock and refinancing its credit facilities into 2031. For the second quarter, the company guided revenue to $290 million to $310 million (up about 19%) and will now report contribution instead of transaction value, flagging that P&C growth will moderate in the back half against tougher comparisons.
Scored from MediaAlpha, Inc.’s FY2026 Q1 earnings call. The newest quarter is available with Tellvest Pro.
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $301M | +156.6% | $0.08 | +266.5% | 6.1% | 1.5% | $14M |
| FY2025 Q1 | $264M | +108.7% | $-0.04 | -52.8% | 0.0% | -0.7% | $24M |
| FY2025 Q2 | $252M | +41.1% | $-0.33 | -586.7% | -8.0% | -7.4% | $26M |
| FY2025 Q3 | $307M | +18.3% | $0.26 | +52.9% | 6.4% | 4.9% | $24M |
| FY2025 Q4 | $291M | -3.2% | $0.50 | +495.9% | 26.9% | 10.8% | $-7M |
| FY2026 Q1 | $310M | +17.3% | $0.21 | +700.0% | 7.2% | 3.7% | $-2M |
| FY2026 Q2 | $317M | +25.9% | $0.65 | +297.0% | 6.3% | 12.4% | $42M |
On September 2, 2026, MediaAlpha's Board approved the appointment of Tigran Sinanyan as Chief Financial Officer and Treasurer (principal financial officer and principal accounting officer), effective October 1, 2026. Mr. Sinanyan has served as SVP, Finance and Corporate Development since July 2025 and previously was the Company's CFO from August 2015 to October 2021. His annual base salary will be $475,000.