EverQuote Inc. (NASDAQ: EVER) saw its shares soar 29.23% in after-hours trading on Monday, following the company's impressive fourth-quarter 2024 financial results that exceeded Wall Street expectations.
The online insurance marketplace reported revenue of $147.5 million for the quarter ended December 31, 2024, a staggering 165% increase from the same period last year. This figure surpassed analysts' estimates of $133.84 million. Additionally, EverQuote's GAAP earnings per share (EPS) of $0.33 handily beat the consensus estimate of $0.20 per share.
The company also delivered strong profitability metrics, with adjusted EBITDA reaching $18.92 million, well above analysts' expectations of $15.22 million. Free cash flow margin stood at an impressive 13.7%, reflecting EverQuote's ability to generate healthy cash flows from its operations.
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