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Exhibit 99.1 EverQuote Announces Third Quarter 2021 Financial Results Revenue Increased 20 % Year - Over - Year to $ 107.6 Million Recent Acquisition of PolicyFuel Closed and Successfully Integrated into DTC Agency Operations CAMBRIDGE , Mass . , November 1 , 2021 - EverQuote , Inc. ( Nasdaq : EVER ) , a leading online insurance marketplace , today announced financial results for the third quarter ended September 30 , 2021 . " Third quarter revenue increased 20 % and Variable Marketing Margin , or VMM , grew 10 % year - over - year . We believe the challenges in the auto insurance market will correct as carriers adjust their pricing strategies to a new underwriting environment . Importantly , we expect our non - auto insurance verticals to be unaffected by these challenges , and we remain confident that our health insurance vertical will have a successful fourth quarter , " said Jayme Mendal , CEO of EverQuote . " In an effort to align our cost structure to the current auto insurance environment , we implemented an approximate 10 % structural reduction in non - marketing operating expenses ( excluding non - cash items ) . In addition , we are proactively shifting to a new organizational operating model that we believe will enable us to make faster progress towards our long - term vision . With these advantages and an organizational model that enables better , faster execution , EverQuote will be better positioned than ever before to emerge as a powerful player in the $ 150 billion insurance distribution market . " Third Quarter 2021 Financial Highlights : ( All comparisons are relative to the third quarter of 2020 ) : • Total revenue of $ 107.6 million , an increase of 20 % . Automotive insurance vertical revenue of $ 89.7 million , an increase of 20 % . Revenue from our other insurance verticals , which includes home and renters , life , health and commercial insurance , increased 18 % to $ 17.9 million . Variable Marketing Margin of $ 32.4 million , an increase of 10 % . GAAP net loss increased to $ 5.3 million , compared to GAAP net loss of $ 3.2 million . Adjusted EBITDA decreased to $ 2.7 million , compared to Adjusted EBITDA of $ 5.2 million . Third Quarter 2021 Business Highlights : Quote request growth of 21 % driven by the strength of our traffic operations . EverQuote closed its previously announced acquisition of PolicyFuel , expanding its Direct - To - Consumer ( DTC ) Agency offerings into its auto insurance verticals .