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EverQuote Announces First Quarter 2021 Financial Results investors.everquote.com/press-releases/press-release-details/2021/EverQuote-Announces-First-Quarter-2021 Financial - Results / default.aspx May 03 , 2021 • Revenue Increased 28 % Year - Over - Year to $ 103.8 Million • Non - Auto Insurance Revenue Increased 41 % Year - Over - Year to $ 19.3 Million • Variable Marketing Margin Increased 32 % Year - Over - Year to $ 31.4 Million CAMBRIDGE , Mass . , May 03 , 2021 ( GLOBE NEWSWIRE ) -- EverQuote , Inc. ( Nasdaq : EVER ) , a leading online insurance marketplace , today announced financial results for the first quarter ended March 31 , 2021 . " We enter 2021 with clarity in our strategy and a focus on execution - delivering solid results across all of our key metrics as revenue increased 28 % , VMM grew 32 % , and Adjusted EBITDA continued to expand , " said Jayme Mendal , CEO of EverQuote . " We are pleased with our Q1 performance and are scaling the business by making strategic investments to attract more shoppers , grow insurance provider coverage and budget , optimize and deepen consumer - provider engagement and further expand our non - auto verticals . We remain bullish in our outlook for the remainder of this year and in our ability to build an industry - defining company , " concluded Mr. Mendal . First Quarter 2021 Financial Highlights : ( All comparisons are relative to the first quarter of 2020 ) : • Total revenue of $ 103.8 million , an increase of 28 % . • Automotive insurance vertical revenue of $ 84.5 million , an increase of 25 % . • Revenue from our other insurance verticals , which includes home and renters , life , health and commercial insurance , increased 41 % to $ 19.3 million . • Variable Marketing Margin of $ 31.4 million , an increase of 32 % . • GAAP net loss of $ 3.8 million , compared to GAAP net loss of $ 1.4 million . Adjusted EBITDA of $ 4.8 million , compared to Adjusted EBITDA of $ 3.8 million . First Quarter 2021 Business Highlights : • Consumer traffic initiatives focused on improving monetization led to a 22 % year over - year increase in revenue per quote request as quote requests grew 4 % year over - year . ● Digital carriers grew their spending on our platform by over 200 % year - over - year . • EverQuote continued building its leadership team , with David Brainard promoted to Chief Technology Officer and Brandon Washington joining EverQuote as Senior Vice President , Diversity , Equity and Inclusion . Second Quarter and Increased Full - Year 2021 Guidance : ● 1/8