XML 42 R21.htm IDEA: XBRL DOCUMENT v3.24.0.1
Net loss per share
12 Months Ended
Dec. 31, 2023
Earnings Per Share [Abstract]  
Net loss per share Net loss per share
The following table presents the calculation of basic and diluted net loss per share (in thousands except per share amounts):
Year Ended December 31,
202320222021
Basic
Net (loss)$(56,555)$(72,446)$(8,475)
Less: net (loss) attributable to non-controlling interest(16,135)(14,780)(3,200)
Net (loss) attributable to MediaAlpha, Inc.$(40,420)$(57,666)$(5,275)
Denominator:
Weighted-average shares of Class A common stock outstanding - basic and diluted45,573,416 41,944,874 37,280,533 
Net (loss) per share of Class A common stock - basic
$(0.89)$(1.37)$(0.14)
Net (loss) per share of Class A common stock - diluted$(0.89)$(1.37)$(0.19)

Year Ended December 31,
2021
Diluted
Net (loss)$(8,475)
Add: incremental tax expense related to exchange of Class B-1 units(2,900)
Net (loss) available for diluted common shares$(11,375)
Weighted-average shares outstanding:
Class A common stock37,280,533 
Class B-1 units21,357,847 
Restricted Class A shares724,922 
Restricted stock units1,892,623 
Weighted-average shares of Class A common stock and potential Class A common stock61,255,925 
Net (loss) per share of Class A common stock - diluted$(0.19)
Potentially dilutive shares, which are based on the weighted-average shares of underlying unvested QLH restricted Class B-1 units, restricted Class A shares, RSUs, and PRSUs using the treasury stock method and the outstanding QLH restricted Class B-1 units using the if-converted method, are included when calculating diluted net loss per share attributable to MediaAlpha, Inc. when their effect is dilutive. The effects of the Company’s potentially dilutive securities were not included in the calculation of diluted loss per share as the effect would be anti-dilutive. The following table summarizes the shares and units with a potentially dilutive impact:
As of
December 31,
2023
December 31,
2022
December 31,
2021
QLH Class B / B-1 Units (Replacement awards)18,106,782 18,931,446 253,398 
Restricted Class A Shares28,340 181,061 — 
Restricted stock units3,632,433 4,894,121 — 
Potential dilutive shares21,767,555 24,006,628 253,398