MediaAlpha reported second quarter 2026 financial results on July 29, 2026, achieving record revenue of $316.9 million, a 26% year-over-year increase. Net income turned positive at $41.8 million compared to a net loss of $(22.5) million in the prior year period, while Adjusted EBITDA rose 19% to $29.3 million. The company repurchased approximately 2.2 million shares for $20 million during the quarter and reduced its Tax Receivables Agreement liability by paying $31 million against a book value of $69 million. Management provided third quarter revenue guidance between $330 million and $355 million, representing mid-point growth of 12% year-over-year. MediaAlpha operates as an insurance industry programmatic customer acquisition platform connecting carriers with online shoppers.
