MediaAlpha reported third-quarter 2026 revenue of $375.9 million, a 23% increase from the prior-year period, driven by strong growth in its Property & Casualty insurance vertical. Net income rose 66% to $29.4 million, while Adjusted EBITDA reached a record $39.5 million. The company also announced Q4 revenue guidance of $355 million to $375 million and full-year free cash flow expectations between $90 million and $100 million. MediaAlpha operates as an insurance industry programmatic customer acquisition platform connecting carriers with online shoppers.
