MediaAlpha GAAP EPS of $0.26 beats by $0.06, revenue of $306.5M beats by $23.08M

* MediaAlpha press release [https://seekingalpha.com/pr/20285193-mediaalpha-announces-third-quarter-2025-financial-results] (MAX [https://seekingalpha.com/symbol/MAX]): Q3 GAAP EPS of $0.26 beats by $0.06.
* Revenue of $306.5M (+18.3% Y/Y) beats by $23.08M.
* Gross margin of 14.2%, compared with 15.1% in the third quarter of 2024.
* Net income was $17.6 million, compared with net income of $11.9 million in the third quarter of 2024.

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For the fourth quarter of 2025, MediaAlpha currently expects the following:

* Transaction Value between $620 million - $645 million, representing a 27% year-over-year increase at the midpoint of the guidance range.
* Revenue between $280 million - $300 million, representing a 4% year-over-year decrease at the midpoint of the guidance range.
* Adjusted EBITDA between $27.5 million - $29.5 million, representing a 22% year-over-year decrease at the midpoint of the guidance range, and adjusted EBITDA to be roughly flat year over year.

MORE ON MEDIAALPHA

* MediaAlpha, Inc. (MAX) Q2 2025 Earnings Call Transcript [https://seekingalpha.com/article/4810106-mediaalpha-inc-max-q2-2025-earnings-call-transcript]
* MediaAlpha buys back $32.9 mln in shares from Insignia Capital [https://seekingalpha.com/news/4492509-mediaalpha-buys-back-329-mln-in-shares-from-insignia-capital]
* MediaAlpha expects Q3 transaction value to grow 23% amid P&C momentum and FTC settlement resolution [https://seekingalpha.com/news/4481036-mediaalpha-expects-q3-transaction-value-to-grow-23-percent-amid-p-and-c-momentum-and-ftc]
* Seeking Alpha’s Quant Rating on MediaAlpha [https://seekingalpha.com/symbol/MAX/ratings/quant-ratings]
* Historical earnings data for MediaAlpha [https://seekingalpha.com/symbol/MAX/earnings]