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Earnings (Loss) Per Share (Tables)

9 Months Ended

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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- References

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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

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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

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