EverQuote Inc. (NASDAQ:EVER) stock surged 5.16% on Wednesday, following the company's impressive full-year 2024 financial results. The online insurance marketplace reported:
- Revenue of $500.2 million, up 74% year-over-year, exceeding analyst estimates.
- Net income of $32.2 million, a significant turnaround from a $51.3 million loss in 2023, driven by higher revenue.
- Earnings per share of $0.92, beating expectations by 18%.
EverQuote's strong performance and profitability in 2024 fueled investor optimism, with the company's shares rallying 17% over the past week. The company is expected to sustain solid revenue growth of 11% annually over the next three years, outpacing the broader Interactive Media and Services industry.
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