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AI brief of an SEC Form 8-K · MediaAlpha, Inc. (MAX)

MediaAlpha Q3 revenue rises 23% to record $375.9 million; net income up 66%

Positive Impact 3 of 5 earnings Written later

MediaAlpha reported third-quarter 2026 revenue of $375.9 million, up 22.7% year over year, and net income of $29.4 million, up 66.4%. The company also guided fourth-quarter 2026 revenue to $355 million to $375 million and reaffirmed its 2026 free cash flow outlook of $90 million to $100 million, which signals continued growth for shareholders.

Key points

  • Q3 2026 revenue of $375.9 million, up 22.7% year over year; gross margin 14.7% versus 14.2% a year earlier
  • Q3 2026 net income of $29.4 million, up 66.4%; Adjusted EBITDA of $39.5 million, up 35.8%
  • Q4 2026 revenue guidance of $355 million to $375 million; Adjusted EBITDA guidance of $36.0 million to $39.0 million
  • Share repurchases of $9 million in Q3 2026; $82 million of the $100 million authorization completed as of October 26, 2026

The filing

CompanyMediaAlpha, Inc. (MAX)
Form8-K, current report
Filed with the SECOct 28, 2026, 4:09 PM ET
Accession number0001818383-26-000263

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 28, 2026.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.