EverQuote, Inc.

followed by the number one on your telephone keypad. And to withdraw your question, seem to press forward again. I would now like to turn the conference over to Brynlee Johnson with the Blue Shirt Group. Please go ahead.

Thank you. Good afternoon, and welcome to EverQuote's second 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 Jamie Mendel, EverQuote's chief executive officer, and Joseph Sanborn, EverQuotes Chief Financial Officer. During the call, we will make statements related to our business that may be considered forward-looking statements under federal securities laws, including statements concerning our financial guidance for the third 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. We 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 will refer 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, Brimley, and thank you all for joining us today. We achieved strong results in Q2, growing 34% year over year and delivering record adjusted EBITDA margin and net income. Against the backdrop of healthy carrier profitability, our team remains focused on helping carriers and agents accelerate growth. We continue to make progress toward our vision of becoming the number one growth partner to P&C insurance providers by efficiently delivering better performing referrals, bigger traffic scale, and a broader suite of products and services. In Q2, carrier demand remained stable, reflecting a carrier landscape that is broadly healthy, coupled with consumer shopping levels that remain strong. One large carrier grew spend to record levels, marking their full recovery, while another tightened budgets, seeking the optimal balance of growth and efficiency. And a few remained laggards, sharing plans to reactivate in the second half of the year. With the exception of certain challenge geographies like California, We anticipate being back to what we would characterize as a full carrier panel by historical standards by the end of this year. As carriers work to grow policies and force, we remain focused on differentiating our marketplace through superior performance that is underpinned by our data advantage. Our data scale enables us to deploy AI throughout our traffic and distribution bidding and routing systems. For example, As another major carrier adopted our ML-driven Smart Campaigns product, it drove immediate improvement in their spend efficiency by about 20%. Over time, greater adoption of Smart Campaigns propels our flywheel as higher ad spend efficiency in our marketplace compels carriers to shift more budget to EverQuote relative to alternative advertising platforms. And as we get more budget and outcome data, we feed this data to our AI-driven systems to enable further improvements to customer performance. Agent and captive carrier demand also remains strong in Q2, with continued growth from our local agent base. We are making progress in our transition from a leads vendor to a strategic growth partner for local agents by driving multi-product adoption. We continue to build on our foundation in leads by adding additional value-add products and services, broadening the ways we help agents grow, which in turn enables us to consolidate agent marketing budgets and positions us as the indispensable growth partner for these same agents. Over the last six months, our paid products per agent have increased by more than 15%, with over a third of our agent base now using multiple products. Our consumer acquisition teams executed well in Q2, driving 25% year-over-year VMD growth despite elevated competitive pressure in the broader advertising landscape, as carriers step up their direct advertising efforts as well. As monetization improves, And in order to keep pace with carrier appetite for growth, we are making investments in scaling incremental customer acquisition channels, including on several social and video platforms. As we continue to grow, we remain laser focused on increasing operating efficiency and productivity, evidenced by our record adjusted EBITDA margin and net income. On top of the expense management discipline honed over the last couple of years, we are increasingly layering on AI driven efficiency applications. For example, in our engineering organization, co-pilots have gained rapid adoption. We also have teams experimenting with rethinking how we can develop software more holistically using an AI-first approach to inference production-ready code faster and more efficiently than can be done by humans, inclusive of our ability to integrate, release, test, and maintain production quality code consistent with our performance requirements. In our call center operations, We have introduced AI voice agents with the goal of reducing reliance on human call centers over time. Lastly, we are testing AI agents to help automate operational tasks. We have stood up our first dedicated AI team, which will serve as our nucleus for building and supporting AI use cases across the business. In May, I shared our goal of exceeding $1 billion of annual revenue in the near future. Having just finished our most recent annual growth planning cycle, The roadmap to accomplish this is increasingly clear, and we are making the requisite investments to do so. We are confident that as we continue to execute our strategy, we will emerge as P&C insurance providers' leading growth partner. I'll now turn the call over to Joseph to discuss our financial results.