Full-Time
Posted on 9/3/2025
Real-time targeted advertising marketplace for brands
$231k - $420k/yr
Los Angeles, CA, USA
In Person
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MediaAlpha operates a performance marketing platform that helps brands reach consumers who are ready to buy. It connects advertisers with in-market audiences through a real-time, auction-based marketplace where ads are bought and placed on publishers’ inventory. The platform provides advanced targeting and transparency, so advertisers can see exactly where their ads appear and how they perform, enabling smarter bidding and measurement. Unlike some rivals, MediaAlpha emphasizes visibility into ad placements and conversion-ready audiences, especially in industries like insurance, travel, and financial services, to improve lead quality and return on ad spend. The company earns fees as a percentage of ad spend on its marketplace, aligning revenue with the volume and value of transactions. The goal is to help advertisers achieve higher returns by delivering targeted, timely ads in a transparent, efficient bidding environment.
Company Size
51-200
Company Stage
IPO
Headquarters
Redmond, Washington
Founded
2011
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Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Professional Development Budget
Phone/Internet Stipend
Parental Leave
Pet Insurance
MediaAlpha, an insurance marketplace technology platform connecting carriers with consumers, stands out as an undervalued opportunity trading at 6.6x forward P/E. The company has demonstrated exceptional revenue growth of 69.4% annually over the past two years, with earnings per share surging 564% in the same period. The platform powers nearly 10 million consumer referrals monthly across property, casualty, health and life insurance products. Its sales outlook suggests continued strong growth momentum over the next 12 months. In contrast, Kraft Heinz faces declining unit sales and projected revenue drops of 2%, whilst PENN Entertainment struggles with weak cash flow and diminishing returns on capital. Both companies trade at 11x and 15.7x forward P/E respectively but face structural business challenges.
MediaAlpha has launched the insurance industry's first carrier-approved conversational AI application for auto insurance shopping, powered by ChatGPT technology. The app guides consumers through structured conversations to collect details like zip code, vehicle information and credit profile, then surfaces real-time, carrier-approved listings from MediaAlpha's marketplace. When consumers select a carrier, they're directed to the carrier's official website to complete their quote and purchase. The application is built on MediaAlpha's existing programmatic infrastructure, ensuring compliance with carrier brand standards and accurate consumer expectations. MediaAlpha is the insurance industry's leading programmatic customer acquisition platform, connecting carriers with online shoppers through more than 1,150 active partners. The company generated over 141 million consumer referrals in 2025, with $2.2 billion in advertising spend across its platform.
MediaAlpha has secured a $250 million senior secured credit facility through an amended agreement signed on 25 March 2026. The move follows a $45 million FTC settlement payment related to its under-65 health insurance vertical, which cost the company $80–$85 million in transaction value and $18–$20 million in contribution during 2025. Despite the health segment pressures, MediaAlpha posted record 2025 revenue of $1.1 billion, driven by 65% growth in its Property & Casualty vertical. The stock surged 21.49% to $10.27 on the announcement, though CEO Steven Yi sold 26,879 shares days earlier at $9.42–$9.99. Analysts maintain a moderate buy rating with a $14.58 price target. The facility provides liquidity but doesn't resolve underlying operational challenges in the health segment.
MediaAlpha, which operates a technology platform connecting insurance carriers with consumers, has seen its stock drop 26.7% over the past six months to $9.65 per share. The company facilitates nearly 10 million consumer referrals monthly in the insurance marketplace. The business services company has demonstrated strong revenue growth of 13.7% compounded annually over the past five years. Its earnings per share surged at 564% compounded annually over the last two years, outpacing its 69.4% annualised revenue growth. However, MediaAlpha's adjusted operating margin decreased by 2.7 percentage points over five years, now standing at 4.7% for the trailing 12 months. This suggests the company struggled to pass rising costs onto customers despite revenue growth. The stock currently trades at 7.3× forward price-to-earnings ratio.
MediaAlpha, an insurance marketplace technology platform, has demonstrated strong momentum with 69.4% annual revenue growth over the past two years. The company, which connects insurance carriers with consumers, is trading at a market capitalisation of $544.6 million. The platform processes nearly 10 million consumer referrals monthly across property, casualty, health and life insurance products. Forecasted revenue growth of 11.8% for the next 12 months suggests sustained momentum. Earnings per share growth of 564% annually has significantly outpaced revenue expansion, indicating improving profitability as the business scales. Ryan Specialty, a wholesale insurance broker founded in 2010, posted impressive metrics including 21.2% annual revenue growth and a robust 19.2% free cash flow margin. The company trades at $4.73 billion market capitalisation.