EVERQUOTE CL.A DL -,001

EverQuote reported nearly $200 million of free cash flow over the past two years, 25% revenue growth in Q2 and EBITDA up 37%. Management reaffirmed the goal of reaching $1 billion in organic revenue within 15 to 27 months and is focusing on Smart Campaigns, expansion of the home‑insurance business and AI‑driven automation. Capital allocation is centered on a strong balance sheet, share buybacks and selective M&A, while AI is viewed more as an opportunity than a short‑term threat. » Más en de.investing.com

EverQuote has signed an exclusive commercial partnership with Waniwani to integrate Waniwani’s AI agent technology into its distribution platform for property and casualty insurers and brokers. The aim is to help insurers and brokers optimize their visibility and brand presence in AI-powered search and shopping channels, while automated agents assist consumers with product search and purchase. In addition, EverQuote has acquired a strategic minority stake in Waniwani; financial terms were not disclosed. » Más en de.investing.com

EverQuote reported adjusted EPS of $0.53 and revenue of $195.1 million for Q2, topping consensus expectations; revenue rose 25% year over year and adjusted EBITDA reached a record $30.1 million. Despite the strong results, the stock fell in regular trading and slid further after hours as investors focused on spending plans and the near-term outlook. Management announced higher operating costs to invest in new products and AI, but reaffirmed the $1 billion annual revenue target within the previously stated timeframe. The AI-powered bidding tool “Smart Campaigns” is seeing increased adoption among insurers and contributed materially to the growth. » Más en de.investing.com