EverQuote, Inc.

please press star 1 again. Thank you. I would now like to turn the call over to Brynlee Johnson. Please go ahead.

Thank you. Good afternoon, and welcome to EverQuote's first quarter 2025 earnings call. We'll be discussing the results announced in our press release issued today after the market closed. With me on the call this afternoon are J.B. Mendel, EverQuote's chief executive officer, and Joseph Sanborn, EverQuote's chief financial officer. During the call, we will make statements that refer to our business that may be considered forward-looking statements under federal securities laws, including statements concerning our financial guidance for the second quarter of 2025. Forward-looking statements may be identified with words and phrases such as expect, believe, intend, anticipate, plan, may, upcoming, and similar words and phrases. These statements reflect our views only as of today and should not be considered our views as of any subsequent date. to specifically disclaim any obligation to update or revise these forward-looking statements, except as required by law. Forward-looking statements are subject to a variety of risks and uncertainties that could cause the actual results to differ materially from our expectations. For discussion of those risks and uncertainties, please refer to our SEC filings, including our annual report on Form 10-K and our quarterly reports on Form 10-Q on file with the Securities and Exchange Commission and available on the Investor Relations section of our website. Finally, during the course of today's call, we referred to certain non-GAAP financial measures which we believe are helpful to investors. A reconciliation of GAAP to non-GAAP measures was included in the press release we issued after the close of market today, which is available on the Investor Relations section of our website. And with that, I'll turn it over to Jamie.

Thank you, Brindley, and thank you all for joining us today. Building on the momentum we generated last year, we once again achieved record performance across our key financial metrics in Q1. Our team continues to execute remarkably well, and as carrier profitability remains healthy, carriers remain hungry for growth. This backdrop positions us to deliver continued progress throughout 2025. As I mentioned on our last earnings call, over the course of last year, we streamlined our vision to become the number one growth partner to P&C insurance providers. by efficiently delivering one, better performing referrals, two, bigger traffic scale and three, a broader suite of products and services. As we execute with a renewed sense of focus on these priorities, we continue to make notable progress. Let me start with our competitive positioning. Differentiating our marketplace through higher performing referrals is foundational to becoming the top growth partner to insurance providers. To do this, We rely on our scale and technology, which enable us to leverage a data advantage through the use of AI throughout our traffic and distribution systems. I have previously mentioned our machine learning traffic bidding platform, which has been instrumental in growing traffic and improving profitability. We are now extending these ML bidding capabilities to our customers through our Smart Campaigns product, which is gaining wider adoption and which improves carriers' performance in our marketplace. In one recent example, a customer's campaign performance improved by over 40% through the adoption of smart campaigns. As we deliver strong performance to carriers and agents, they reward us with both more budget and higher bids, which in turn supports continued traffic growth. This flywheel is working as intended, and we once again expanded provider budgets to set a new high watermark for P&C quote request volume and revenue in Q1. Finally, as we scale, we continue to benefit from more data which feeds our AI-driven systems, enabling still further improvements in customer performance. Customers remain our top priority. From our position as a large, high-performing, trusted marketplace partner, we are focused on expanding relationships with customers into adjacent growth areas. For example, we have been working to build a one-stop growth shop for local insurance agents. As we develop and roll out value add features and products on and around our core leads offering, we are accessing more agent budgets and expanding the ways we can help agents grow. In Q1, we achieved several milestones in our effort to broaden these customer relationships with our paid products per agency increasing 25% year over year in March. And we are doing this with increasing operational efficiency through expense discipline, continued investments in simplifying our technology platforms, and applying AI to automate work. Recent advances have accelerated our rate of development and enabled us to ship new features and products in weeks or months, which in the past may have taken quarters. These new features build on our data and technology advantage to further reinforce our competitive mode. We are confident that as we continue to execute on our strategy and emerge as P&C Insurance providers' number one growth partner, Our goal of EverQuote becoming a billion-plus dollar revenue company is in sight. The roadmap to accomplish this goal is becoming increasingly clear, and we are making the requisite investments to support it. It's an exciting time for the EverQuote team, and we look forward to updating you on our progress throughout the year. I'll now turn the call over to Joseph to discuss our financial results.