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Earnings (Loss) Per Share (Tables) | 9 Months Ended
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Sep. 30, 2024
Earnings Per Share [Abstract] |
Summary of Calculation of Basic and Diluted Net Loss Per Share |
| Three Months Ended September 30, |  | Nine Months Ended September 30,
(in thousands except share data and per share amounts) | 2024 |  | 2023 |  | 2024 |  | 2023
Basic |  |  |  |  |  |  |
Net income (loss) | $ | 11,888 |  |  | $ | (18,698) |  |  | $ | 14,817 |  |  | $ | (53,262) |
Less: net income (loss) attributable to non-controlling interest | 2,406 |  |  | (5,196) |  |  | 2,828 |  |  | (15,208) |
Net income (loss) attributable to MediaAlpha, Inc. | $ | 9,482 |  |  | $ | (13,502) |  |  | $ | 11,989 |  |  | $ | (38,054) |
Weighted-average shares of Class A common stock outstanding - basic | 54,909,772 |  |  | 46,229,672 |  |  | 52,293,622 |  |  | 45,095,417 |
Weighted-average shares of Class A common stock outstanding - diluted | 54,909,772 |  |  | 46,229,672 |  |  | 66,087,041 |  |  | 45,095,417 |
Income (loss) per share of Class A common stock - basic | $ | 0.17 |  |  | $ | (0.29) |  |  | $ | 0.23 |  |  | $ | (0.84) |
Income (loss) per share of Class A common stock - diluted | $ | 0.17 |  |  | $ | (0.29) |  |  | $ | 0.22 |  |  | $ | (0.84) |
(in thousands except share data and per share amount) | Nine months ended September 30, 2024
Diluted |
Net income | $ | 14,817 |
Add: incremental tax benefits related to exchange of Class B-1 units | (223) |
Net income available for diluted common shares | $ | 14,594 |
Weighted-average shares outstanding: |
Class A common stock | 52,293,622 |
Class B-1 units | 13,793,419 |
Weighted-average shares of Class A common stock and potential Class A common stock | 66,087,041 |
Net income per share of Class A common stock - diluted | $ | 0.22 |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following table summarizes the shares and units with a potentially dilutive impact for the three months ended September 30, 2024 and 2023:
| As of
| September 30, 2024 |  | September 30, 2023
QLH Class B-1 Units | 11,609,982 |  |  | 18,155,446 |
Restricted Class A Shares | — |  |  | 52,573 |
Restricted stock units | 3,664,754 |  |  | 4,342,036 |
PRSUs | 93,000 |  |  | — |
Potentially dilutive shares | 15,367,736 |  |  | 22,550,055 |
The following table summarizes the shares and units with a potentially dilutive impact for the nine months ended September 30, 2024 and 2023:
| As of
| September 30, 2024 |  | September 30, 2023
QLH Class B-1 Units | — |  |  | 18,155,446 |
Restricted Class A Shares | — |  |  | 52,573 |
Restricted stock units | 3,664,754 |  |  | 4,342,036 |
PRSUs | 93,000 |  |  | — |
Potentially dilutive shares | 3,757,754 |  |  | 22,550,055 |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482662/260-10-50-1 + Details
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