
• Reported GAAP EPS of $0.21 up 625.00% YoY • Reported revenue of $310M up 17.29% YoY • MediaAlpha expects Q2 2026 revenue between $290M-$310M, representing a 19% year-over-year increase at the midpoint. Contribution and Adjusted EBITDA are also projected to increase by 18-19%.
Bullish
MediaAlpha achieved record Q1 2026 revenue with 17% year-over-year growth and a turnaround to positive net income. The company also executed significant share repurchases and refinanced credit facilities.
Bearish
MediaAlpha's Q1 2026 gross and contribution margins compressed, and cash significantly decreased. The company anticipates a Q2 2026 year-over-year decline in contribution from its under-65 Health segment.