EverQuote reports Q3 EPS 1c, consensus (8c)
Reports Q3 revenue $67M, consensus $58.3M. We are pleased to report a strong quarter of revenue growth and variable marketing margin expansion, as we continue to scale the business across all verticals while achieving our first quarter of GAAP profitability as a public company," said Seth Birnbaum, CEO and Co-Founder of EverQuote. "The strength of our data-driven marketplace, coupled with strategic investments in driving traffic, improving the customer experience and expanding engagement with our insurance provider network, delivered a strong third quarter. We continue to diversify our business with growth in our home and renters, life, and health insurance verticals, as well as the launch of commercial, to capitalize on the massive market opportunity. "We remain laser focused on execution which is leading to increasing operating leverage and expanding Adjusted EBITDA. Based on our strong third quarter results and continued positive tailwinds in the secular shift of insurance online, we are increasing our guidance for the full year 2019," concluded Mr. Birnbaum.