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Exhibit 99.1 EverQuote Announces Second Quarter 2021 Financial Results Revenue Increased 34 % Year - Over - Year to $ 105.1 Million Variable Marketing Margin Increased 40 % Year - Over - Year to $ 32.8 Million Recently Announced PolicyFuel Acquisition Extends DTC Agency Strategy into P & C Verticals CAMBRIDGE , Mass . , August 2 , 2021 - EverQuote , Inc. ( Nasdaq : EVER ) , a leading online insurance marketplace , today announced financial results for the second quarter ended June 30 , 2021 . " We delivered a strong second quarter 2021 with year - over - year increases in total revenue and Variable Marketing Margin , or VMM , of 34 % and 40 % , respectively . We generated increased Adjusted EBITDA and had our strongest Adjusted EBITDA margin since going public , " said Jayme Mendal , CEO of EverQuote . " With over 30 % revenue growth in the first half of the year , we are making significant investments in our growth levers to build towards our vision of becoming the largest online source of insurance policies by using data and technology to make insurance simpler , more affordable and personalized , ultimately reducing cost and risk . We remain confident in our outlook for the remainder of this year and in our ability to build an industry- defining company . " After the quarter closed , EverQuote announced the acquisition of PolicyFuel LLC and its affiliated entities ( " PolicyFuel " ) , which operates in property and casualty ( " P & C " ) insurance verticals , providing policy - sales - as - a - service ( " PSaaS " ) offerings to enable carriers to complement their own call center operations with access to dedicated advisor teams that focus exclusively on selling each provider's offerings to its target customers . " PolicyFuel's PSaaS offerings for P & C markets extends our existing Direct - To - Consumer Agency ( " DTCA " ) strategy in our Health and Life insurance verticals , where our tech - driven first - party distribution platforms have improved consumer experience , provider bind performance and our own monetization . PolicyFuel earns revenue based on policies sold and broadens EverQuote's ability to access the $ 135 billion commission component of our total addressable market . We are excited to welcome PolicyFuel's founders and team to the EverQuote family , " concluded Mr. Mendal . Second Quarter 2021 Financial Highlights : ( All comparisons are relative to the second quarter of 2020 ) : Total revenue of $ 105.1 million , an increase of 34 % . Automotive insurance vertical revenue of $ 86.4 million , an increase of 34 % . Revenue from our other insurance verticals , which includes home and renters , life , health and commercial insurance , increased 36 % to $ 18.7 million . Variable Marketing Margin of $ 32.8 million , an increase of 40 % . GAAP net loss decreased to $ 1.9 million , compared to GAAP net loss of $ 2.8 million . Adjusted EBITDA increased to $ 6.6 million , compared to Adjusted EBITDA of $ 4.0 million . Second Quarter 2021 Business Highlights : Consumer traffic initiatives focused on improving monetization led to a 34 % year - over - year increase in revenue per quote request . Digital carriers continued to increase their spending on our platform , which grew by over 200 % year - over - year . EverQuote continued building its leadership team , with Garett Kitch joining as SVP of Health and Life Agency Sales .