MediaAlpha, Inc. (MAX) disclosed its fourth‑quarter and full‑year 2025 financial results on February 23, 2026. The company reported fourth‑quarter revenue of $291 million and a record transaction value of $613 million, while full‑year revenue reached $1.1 billion and transaction value hit $2.2 billion.
Net income for the year was $26.8 million and adjusted EBITDA stood at $113.7 million, underscoring the company’s ability to generate cash flow from its programmatic insurance acquisition platform.
In addition to the earnings announcement, MediaAlpha’s board approved a $50 million increase to its share‑repurchase program, raising the total authorized amount to $100 million. The move signals management’s confidence in the company’s free‑cash‑flow outlook and its commitment to returning value to shareholders.
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