MediaAlpha Inc. has released its financial results for the second quarter of 2025, reporting a revenue of $178.3 million, a decline from $251.6 million in the same period of 2024, representing a 41% decrease. The company's transaction value also fell by 49% to $321.8 million from $480.8 million the previous year. Despite the decline in revenue, MediaAlpha reported a net income of $4.4 million, a significant improvement from a net loss of $22.5 million in Q2 2024. Furthermore, the company's adjusted EBITDA was $18.7 million, down from $24.5 million in the previous year, marking a 31% decrease. The company noted a resolution with the Federal Trade Commission, which had been a matter of engagement for over two years, as a significant update in its operations. The resolution allows MediaAlpha to move forward and focus on its business performance. The shareholder letter emphasized the company's efforts to improve its financial standing and adapt to market conditions.