EverQuote reports strong Q3 results, launches AI platform Luva and announces $50M share buyback
EverQuote posted third‑quarter 2026 revenue of $218.1 million, up 25% year‑over‑year, and adjusted EBITDA of $35.5 million, a 41% increase. The company unveiled its AI‑native insurance platform Luva and highlighted AI‑driven tools such as SmartCampaigns. Its board approved a new $50 million share‑repurchase program and the firm forecast Q4 revenue of $213‑$223 million, variable marketing dollars of $57‑$60 million and adjusted EBITDA of $29‑$32 million.
Why it matters
The earnings beat and AI launch suggest continued revenue growth, while the share‑buyback signals confidence in cash generation and may support the stock price. The Q4 outlook provides guidance for investors on near‑term performance expectations.
Key facts
- 1Q3 revenue was $218.1 million, a 25% YoY increase. investing.com
- 2Adjusted EBITDA rose 41% to $35.5 million. investing.com
- 3Adjusted EBITDA margin expanded to 16.3%. investing.com
- 4Operating cash flow was $40.5 million and cash on hand $229.1 million with no debt. finance.yahoo.com
- 5Board authorized a $50 million share‑repurchase program. finance.yahoo.com
- 6AI platform Luva was launched during the quarter. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.