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MediaAlpha MediaAlpha Announces Second Quarter 2021 Financial Results August 12 , 2021 • Revenue of $ 157 million , up 27 % year over year o Revenue from Property & Casualty grew 23 % year over year to $ 109 million • Transaction Value of $ 257 million , up 46 % year over year LOS ANGELES -- ( BUSINESS WIRE ) -- MediaAlpha , Inc. ( NYSE : MAX ) , today announced its financial results for the second quarter ended June 30 , 2021 . " We had a strong second quarter , marking our eighth consecutive quarter of Transaction Value growth in excess of 40 % year over year , " said Steve Yi , MediaAlpha Co - Founder and CEO . " Our focus on Transaction Value reflects our ability to successfully continue to capture market share and build our leadership as the industry moves online . We are well positioned to drive the industry's transformation to digital advertising long - term as the most trusted customer acquisition partner to the insurance industry with the largest - scale and most transparent platform . " Second Quarter 2021 Financial Results • Revenue of $ 157.4 million , an increase of 27 % year over year ; • Transaction Value of $ 256.5 million , an increase of 46 % year over year ; • Gross margin of 15.9 % , compared with 15.7 % in the second quarter of 2020 ; • Contribution Margin ( 1 ) of 16.9 % , compared with 16.5 % in the second quarter of 2020 ; • Net loss was $ ( 0.4 ) million , compared with net income of $ 10.1 million in the second quarter of 2020 ; and • Adjusted EBITDA ( 1 ) was $ 14.7 million , compared with $ 13.2 million in the second quarter of 2020 . ( 1 ) A reconciliation of GAAP to Non - GAAP financial measures has been provided at the end of this press release . An explanation of these measures is also included below under the heading " Non - GAAP Financial Measures . Financial Outlook For the third quarter of 2021 , MediaAlpha currently expects the following : • Transaction Value between $ 260 million - $ 270 million , representing 22 % year - over - year growth at the midpoint of the guidance range ; • Revenue between $ 158.0 million - $ 165.0 million , representing 7 % year - over - year growth at the midpoint of the guidance range ; • Contribution between $ 26.0 million - $ 28.0 million , representing 25 % year - over - year growth at the midpoint of the guidance range ; and • Adjusted EBITDA between $ 14.5 million - $ 15.5 million , representing 7 % year - over - year growth at the midpoint of the guidance range . For the full year 2021 , MediaAlpha currently expects the following : • Transaction Value between $ 1,050 million - $ 1,100 million , representing 32 % year - over - year growth at the midpoint of the guidance range ; • Revenue between $ 680 million - $ 710 million , representing 19 % year - over - year growth at the midpoint of the guidance range ; • Contribution between $ 114 million - $ 118 million , representing 25 % year - over - year growth at the midpoint of the guidance range ; and Adjusted EBITDA between $ 65.0 million - $ 67.0 million , representing 14 % year - over - year growth at the midpoint of the guidance range .