MediaAlpha reports Q2 EPS (32c) vs. (22c) last year

Reports Q2 revenue $84.8M vs. $103.45M last year. The company said, “Our second quarter results exceeded expectations, driven primarily by strength in our Health insurance vertical. In our Property & Casualty (P&C) insurance vertical, customer acquisition spend remains at cyclically low levels as carriers are taking longer than expected to restore underwriting profitability, and we expect this to continue for the balance of the year. Our ability to operate profitability in the current market environment is a tribute to the efficiency of our business model and the agility of our team, which we believe will enable us to capture outsized growth as the auto insurance market recovers.”