Mediaalpha Inc
NYSE:MAX
Income Statement
Earnings Waterfall
Mediaalpha Inc
Revenue
|
388.1m
USD
|
Cost of Revenue
|
-321.4m
USD
|
Gross Profit
|
66.7m
USD
|
Operating Expenses
|
-102.7m
USD
|
Operating Income
|
-36m
USD
|
Other Expenses
|
-4.4m
USD
|
Net Income
|
-40.4m
USD
|
Income Statement
Mediaalpha Inc
Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||
Revenue |
408
N/A
|
445
+9%
|
480
+8%
|
521
+9%
|
585
+12%
|
639
+9%
|
673
+5%
|
674
+0%
|
645
-4%
|
614
-5%
|
560
-9%
|
497
-11%
|
459
-8%
|
428
-7%
|
409
-4%
|
395
-4%
|
388
-2%
|
|
Gross Profit | ||||||||||||||||||
Cost of Revenue |
(289)
|
(374)
|
(403)
|
(442)
|
(425)
|
(546)
|
(574)
|
(571)
|
(544)
|
(518)
|
(473)
|
(421)
|
(389)
|
(361)
|
(345)
|
(331)
|
(321)
|
|
Gross Profit |
119
N/A
|
71
-40%
|
76
+7%
|
79
+4%
|
160
+102%
|
93
-42%
|
99
+6%
|
103
+4%
|
102
-1%
|
97
-5%
|
87
-10%
|
75
-14%
|
70
-7%
|
67
-5%
|
65
-3%
|
65
-1%
|
67
+3%
|
|
Operating Income | ||||||||||||||||||
Operating Expenses |
(32)
|
(32)
|
(32)
|
(36)
|
(66)
|
(82)
|
(98)
|
(110)
|
(99)
|
(105)
|
(107)
|
(106)
|
(106)
|
(104)
|
(108)
|
(111)
|
(103)
|
|
Selling, General & Administrative |
(24)
|
(25)
|
(25)
|
(28)
|
(50)
|
(67)
|
(79)
|
(90)
|
(81)
|
(86)
|
(86)
|
(82)
|
(79)
|
(79)
|
(86)
|
(92)
|
(77)
|
|
Research & Development |
(7)
|
(7)
|
(7)
|
(7)
|
(12)
|
(14)
|
(16)
|
(18)
|
(15)
|
(17)
|
(19)
|
(21)
|
(21)
|
(21)
|
(21)
|
(20)
|
(18)
|
|
Depreciation & Amortization |
0
|
0
|
0
|
(1)
|
(4)
|
(2)
|
(2)
|
(2)
|
(3)
|
0
|
(2)
|
(3)
|
(5)
|
0
|
0
|
0
|
(7)
|
|
Other Operating Expenses |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
|
Operating Income |
88
N/A
|
40
-55%
|
44
+11%
|
43
-3%
|
94
+119%
|
11
-88%
|
1
-90%
|
(7)
N/A
|
2
N/A
|
(8)
N/A
|
(20)
-158%
|
(31)
-52%
|
(35)
-16%
|
(37)
-5%
|
(43)
-15%
|
(47)
-10%
|
(36)
+23%
|
|
Pre-Tax Income | ||||||||||||||||||
Interest Income Expense |
(7)
|
(8)
|
(7)
|
(7)
|
(8)
|
(9)
|
(9)
|
(9)
|
(8)
|
(7)
|
(7)
|
(8)
|
(9)
|
(12)
|
(13)
|
(15)
|
(15)
|
|
Non-Reccuring Items |
(63)
|
0
|
0
|
0
|
(74)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
(5)
|
|
Total Other Income |
0
|
0
|
0
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
(4)
|
(4)
|
(3)
|
(12)
|
75
|
73
|
73
|
82
|
(0)
|
|
Pre-Tax Income |
18
N/A
|
32
+80%
|
37
+16%
|
34
-8%
|
9
-73%
|
0
-98%
|
(10)
N/A
|
(17)
-66%
|
(10)
+45%
|
(18)
-89%
|
(30)
-66%
|
(50)
-66%
|
31
N/A
|
25
-19%
|
17
-30%
|
20
+19%
|
(57)
N/A
|
|
Net Income | ||||||||||||||||||
Tax Provision |
0
|
0
|
0
|
0
|
1
|
2
|
2
|
(0)
|
1
|
(0)
|
(1)
|
2
|
(103)
|
(102)
|
(102)
|
(102)
|
0
|
|
Income from Continuing Operations |
18
|
32
|
37
|
34
|
11
|
2
|
(9)
|
(18)
|
(9)
|
(19)
|
(31)
|
(48)
|
(72)
|
(77)
|
(84)
|
(82)
|
(57)
|
|
Income to Minority Interest |
0
|
0
|
0
|
0
|
4
|
4
|
5
|
5
|
3
|
6
|
10
|
16
|
15
|
16
|
18
|
17
|
16
|
|
Net Income (Common) |
18
N/A
|
32
+80%
|
37
+16%
|
34
-8%
|
(4)
N/A
|
(13)
-195%
|
(23)
-79%
|
(32)
-36%
|
(5)
+83%
|
(13)
-138%
|
(22)
-71%
|
(33)
-51%
|
(58)
-78%
|
(61)
-6%
|
(66)
-9%
|
(65)
+2%
|
(40)
+38%
|
|
EPS (Diluted) |
0.3
N/A
|
0.53
+77%
|
0.62
+17%
|
0.57
-8%
|
-0.14
N/A
|
-0.35
-150%
|
-0.61
-74%
|
-0.82
-34%
|
-0.14
+83%
|
-0.32
-129%
|
-0.53
-66%
|
-0.78
-47%
|
-1.37
-76%
|
-1.38
-1%
|
-1.46
-6%
|
-1.4
+4%
|
-0.89
+36%
|