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MediaAlpha(MAX) - 2023 Q3 - Earnings Call Transcript
MAXMediaAlpha(MAX)2023-11-02 10:11

Pat Thompson Steve Yi Ben Hendrix Operator So carriers typically benchmark their advertising spend or measure the effectiveness of their advertising spend based on the expected lifetime value of the customer. And so -- or the policy that they're acquiring. And so I think to the extent that there's been a significant amount of inflation on the dollar value of all the policies that are being sold, I think you can expect the advertising spend to go up in rough proportion of that assuming that they're going to ...