Fourth Quarter 2023 Outlook:
(Revenue in our health insurance vertical was $13.1 million in the fourth quarter of 2022.
For the fourth quarter 2023, EverQuote anticipates revenue, Variable Marketing Margin and Adjusted EBITDA to be in the following ranges:
- Revenue of $47.0 – $52.0 million.
- Variable Marketing Margin of $16.5 – $18.5 million.
- Adjusted EBITDA of $(4.5) – $(2.5) million.
With respect to the Company’s expectations under “Fourth Quarter 2023 Outlook” above, the Company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income (loss) in this press release because the Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, restructuring and other charges, acquisition-related costs, legal settlement expense, one-time severance charges, interest income, and income taxes on a consistent basis as the Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income (loss). In addition, the Company believes such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.
