Shares of EverQuote Inc. (EVER) jumped 5.89% in after-hours trading on Monday following the release of the company's third quarter 2025 financial results, which surpassed analyst expectations. The online insurance marketplace reported revenue of $173.94 million, beating the consensus estimate of $166.1 million, while adjusted EBITDA came in at $25.1 million, also topping the expected $22.8 million.
The strong performance was largely attributed to EverQuote's robust showing in its automotive insurance vertical, which saw a 21% year-over-year revenue growth. The company's CEO highlighted the role of AI and technology investments in driving operational efficiency and revenue growth. Additionally, EverQuote's confidence in its long-term prospects was underscored by a $21 million share repurchase during the quarter.
Looking ahead, EverQuote provided an optimistic outlook for the fourth quarter, projecting revenue between $174 million and $180 million, and adjusted EBITDA of $21 million to $23 million. The company's focus on expanding its product offerings, attracting high-intent consumers, and leveraging proprietary AI technology appears to be resonating well with investors, as reflected in the stock's post-earnings rally.
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