Investor Presentaiton
Financial Guidance Highlights
Focused on restoring Revenue growth, increasing Adjusted EBITDA and generating positive cash flow in 2023
Revenue
Full Year 2023 Guidance
$428m
2023 Revenue
YoY Growth of 6%
Levers
Gradual auto insurance market recovery;
re-accelerate growth in Non-Auto verticals
VMM%
Adjusted
EBITDA%
EVERQUOTE
31.8%
2023 VMM
YoY point expansion of 0.1%
2.3%
2023 Adjusted EBITDA margin
YoY point expansion of 0.9%
Increasing efficiency in traffic operations
Creating operating leverage through disciplined
expense management
Note: Adjusted EBITDA is a non-GAAP metric, refer to financial reconciliation for additional detail.
EverQuote is not reaffirming this guidance as of the date of this presentation & makes no statement with respect to this guidance other than that such guidance was provided by EverQuote as of February 27, 2023.
With respect to the Company's expectations under "Full Year 2023 Guidance" above, the Company has not reconciled the non-GAAP measure Adjusted EBITDA to the GAAP measure net income (loss) because the
Company does not provide guidance for stock-based compensation expense, depreciation and amortization expense, acquisition-related costs, one-time severance charges, interest income, and income taxes on a
consistent basis as the Company is unable to quantify these amounts without unreasonable efforts, which would be required to include a reconciliation of Adjusted EBITDA to GAAP net income (loss). In addition, the
Company believes such a reconciliation would imply a degree of precision that could be confusing or misleading to investors.
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