MediaAlpha, Inc. (NYSE:MAX) Q2 2023 Earnings Conference Call August 2, 2023 5:00 PM ET

Company Participants

Denise Garcia – Investor Relations

Steve Yi – Co-Founder and Chief Executive Officer

Pat Thompson – Chief Financial Officer

Conference Call Participants

Cory Carpenter – JPMorgan

Michael Graham – Canaccord Genuity

Luismario Higuera – Citigroup

Meyer Shields – KBW

Ben Hendrix – RBC Capital Markets

Operator

Ladies and gentlemen, thank you for standing by and welcome to MediaAlpha's Q2 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session. [Operator Instructions]

Thank you. Denise Garcia, Investor Relations. You may begin your conference.

Denise Garcia

Thank you, Josh. After the market closed today, MediaAlpha issued a press release and shareholder letter announcing results for the second quarter ended June 30, 2023. These documents are available in the Investors section of our website, and we will be referring to them on this call.

Our discussion today will include forward-looking statements about our business and our outlook for future financial results, including our financial guidance for the third quarter of 2023, which are based on assumptions, forecasts, expectations and information currently available to management. These forward-looking statements are subject to risks and uncertainties that could cause future results or events to differ materially from those reflected in those statements.

Please refer to the company’s SEC filings, including its Annual Report on Form 10-K and its quarterly reports on Form 10-Q for a fuller explanation of those risks and uncertainties and the limits applicable to forward-looking statements. These forward-looking statements are based on assumptions as of today, August 2, 2023, and the company undertakes no obligation to revise or update them.

In addition, on today’s call, we will be referring to certain actual and projected financial metrics of MediaAlpha that are presented on a non-GAAP basis, including adjusted EBITDA, which we present in order to supplement your understanding and assessment of our financial performance. Non-GAAP measures should not be considered as a substitute for or superior to financial measures calculated in accordance with GAAP.

Reconciliations of these non-GAAP measures to the most directly comparable GAAP measures are included in our press release and shareholder letter issued today. Finally, I’d like to remind everyone that this call is being recorded and will be made available for replay via a link on the Investors section of the company’s website at investors.mediaalpha.com.