- Tigran Sinanyan will resign as MediaAlpha Inc’s MAX CFO effective October 1, 2021.
- He aims to pursue a general management role with a privately-held company.
- MediaAlpha has initiated a search for a new CFO.
- Sinanyan will continue to serve as the CFO and assist in the transition over the next three months.
- Outlook: MediaAlpha today reaffirmed its Q2 and FY21 financial guidance. It still sees Q2 revenue of $156 million to $161 million, versus consensus of $158.68 million; FY21 revenue of $680 million to $710 million, versus consensus of $696.29 million.
- Adjusted EBITDA forecast of $14.5 million to $15.5 million for Q2 and $65 million to $67 million for FY21 was also confirmed.
- Price action: MAX shares traded lower by 1.42% at $36.80 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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