Quarterly ResultApr 29, 2026, 04:08 PM
MAX Q1 Revenue +17% to $310M; Net Income $14M; Repurchases $25M
AI Summary
MediaAlpha (MAX) reported record first-quarter 2026 results with revenue increasing 17% year-over-year to $310.0 million and net income reaching $14.0 million, a significant turnaround from a net loss in Q1 2025. The company repurchased $25 million of stock year-to-date and refinanced its credit facilities, extending debt maturity to 2031. For Q2 2026, MAX expects revenue between $290 million and $310 million, representing a 19% year-over-year increase at the midpoint.
Key Highlights
- Q1 2026 Revenue increased 17% year-over-year to a record $310.0 million.
- Q1 2026 Net income was $14.0 million, compared to a net loss of $(2.3) million in Q1 2025.
- Q1 2026 Adjusted EBITDA was $31.4 million, up from $29.4 million in Q1 2025.
- Repurchased $25 million of stock year-to-date, totaling $73 million over three quarters.
- Refinanced credit facilities with a new $150 million term loan and $60 million revolving credit facility, maturing March 2031.
- Q2 2026 revenue guidance is $290 million - $310 million, up 19% YoY at midpoint.
- Q2 2026 Adjusted EBITDA guidance is $28.0 million - $30.5 million, up 19% YoY at midpoint.