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Earnings (Loss) Per Share
 3 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Earning (Loss) Per Share Earnings (Loss) Per Share
Three Months Ended
March 31,
(in thousands except share data and per share amount)20242023
Basic
Net (loss)$(1,491)$(14,584)
Less: net (loss) attributable to non-controlling interest(378)(4,318)
Net (loss) available for basic common shares$(1,113)$(10,266)
Weighted-average shares of Class A common stock outstanding - basic and diluted48,574,448 43,870,005 
(Loss) per share of Class A common stock - basic and diluted$(0.02)$(0.23)
Potentially dilutive shares, which are based on the weighted-average shares of underlying unvested QLH restricted Class B-1 units, restricted Class A shares, restricted stock units, and PRSUs using the treasury stock method and the outstanding QLH restricted Class B-1 units using the if-converted method, are included when calculating diluted net loss per share attributable to MediaAlpha, Inc. when their effect is dilutive. The effects of the Company’s potentially dilutive securities were not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following table summarizes the shares and units with a potentially dilutive impact:
As of
March 31, 2024March 31, 2023
QLH Class B-1 Units15,049,782 18,921,446 
Restricted Class A Shares16,598 109,328 
Restricted stock units4,662,213 6,354,505 
Potential dilutive shares19,728,593 25,385,279 
The outstanding PRSUs were not included in the potentially dilutive securities as of March 31, 2024 as the performance conditions have not been met.