{"success":true,"data":{"pressRelease":{"id":"102670","rtpr_id":"nPn6TQYW6a","ticker":"TREE","exchange":"NASDAQ","all_tickers":["TREE"],"title":"LENDINGTREE REPORTS SECOND QUARTER 2026 RESULTS","author":"PR Newswire","published_at":"2026-07-29T20:15:00.985Z","article_body":"LENDINGTREE REPORTS SECOND QUARTER 2026 RESULTS\n\nPR Newswire\n\nCHARLOTTE, N.C., July 29, 2026\n\nRevenue Grew 25% YoY Driven By Strong Insurance Segment Performance\n\n * Consolidated revenue of $313.4 million\n * GAAP net income of $9.6 million or $0.68 per diluted share\n * Variable marketing margin of $87.3 million\n * Adjusted EBITDA of $35.2 million\nCHARLOTTE, N.C., July 29, 2026 /PRNewswire/ -- LendingTree, Inc. (NASDAQ:\nTREE), operator of LendingTree.com, the nation's leading online financial\nservices marketplace, today announced results for the quarter ended June 30,\n2026.\n\nThe company has posted a letter to shareholders on the company's website at\ninvestors.lendingtree.com.\n\n\"We posted our eighth straight quarter of double-digit year-over-year adjusted\nEBITDA growth in Q2, powered by another solid quarter from our Insurance\nsegment,\" said Scott Peyree, CEO. \"We also accomplished a great deal on the\nproduct and AI front during the period. We launched several new\nconsumer-facing AI capabilities such as our ChatGPT app, expanded our\nmarketplace into six new verticals, and we are continuing to see strong\nresults from our homepage redesign. We remain laser focused as a team on\nexecuting our strategy to become the Number One Destination to Shop For\nFinancial Products.\"\n\nJason Bengel, CFO, commented, \"Solid Insurance segment results were offset by\nweaker than expected Consumer performance in Q2. Last quarter we called out\nan expected sequential decline in Consumer, driven by suppressed borrower\ndemand in our small business segment. This demand trend continued to\ndeteriorate throughout the quarter. However, appetite from small business\nowners for new loans on our network has since stabilized, and we expect\nsequential revenue growth through the remainder of the year. SMB has been a\ngreat success story for our company, having grown segment revenue nearly 40%\nyear-over-year on average dating back to the beginning of 2024. Lenders\nremain very active on our network, and we expect an increase in borrower\ndemand will allow us to climb back to, and eventually surpass, the record SMB\nperformance in Q1 of this year based on strong structural tailwinds in the\nsegment.\"\n\nSecond Quarter 2026 Business Results\n\n * Insurance segment revenue of $209.3 million increased 42% over second quarter\n2025 and translated into segment profit of $50.0 million, up 25% over the\nsame period.\n * Consumer segment revenue of $60.3 million decreased 4% from the prior year\nperiod, while segment profit declined 14%.\n * Home segment revenue of $43.9 million increased 9% over second quarter 2025\nand produced segment profit of $11.3 million, a decline of 14% over the same\nperiod.\n* Within Home, revenue from Home Equity of $34.9 million increased 15% over\nprior year. LendingTree Summary Financial Metrics\n (In millions, except per share amounts)\n\n Three Months Ended Y/Y Three Months Ended Q/Q\n\nJune 30, March 31,\n 2026 2025 % Change 2026 % Change\n\n Total revenue $ 313.4 $ 250.1 25 % $ 327.3 (4) %\n\n Income before income taxes $ 14.1 $ 10.8 31 % $ 22.9 (38) %\n Income tax expense $ (4.5) $ (1.9) 137 % $ (5.6) (20) %\n Net income $ 9.6 $ 8.9 8 % $ 17.3 (45) %\n Net income % of revenue 3 % 4 % 5 %\n\n Income per share\n Basic $ 0.69 $ 0.65 $ 1.25\n Diluted $ 0.68 $ 0.65 $ 1.22\n\n Variable marketing margin\n Total revenue $ 313.4 $ 250.1 25 % $ 327.3 (4) %\n Variable marketing expense ((1) (2)) $ (226.1) $ (166.5) 36 % $ (227.8) (1) %\n Variable marketing margin ((2)) $ 87.3 $ 83.6 4 % $ 99.5 (12) %\n Variable marketing margin % of revenue ((2)) 28 % 33 % 30 %\n\n Adjusted EBITDA( (2)) $ 35.2 $ 31.8 11 % $ 42.0 (16) %\n Adjusted EBITDA % of variable marketing margin (2) 40 % 38 % 42 %\n\n (1) Represents the portion of selling and marketing expense attributable to\n variable costs paid for advertising, direct marketing and related expenses.\n Excludes overhead, fixed costs and personnel-related expenses.\n (2) Variable marketing expense, variable marketing margin, variable marketing\n margin % of revenue, adjusted EBITDA, and adjusted EBITDA % of variable\n marketing margin are non-GAAP measures. Please see \"LendingTree's\n Reconciliation of Non-GAAP Measures to GAAP\" and \"LendingTree's Principles of\n Financial Reporting\" below for more information.\n\n LendingTree Segment Results\n (In millions)\n\n Three Months Ended Y/Y Three Months Ended March 31, Q/Q\n\nJune 30,\n 2026 2025 % Change 2026 % Change\n Home ((1))\n Revenue $ 43.9 $ 40.4 9 % $ 39.1 12 %\n Segment profit $ 11.3 $ 13.1 (14) % $ 10.0 13 %\n Segment profit % of revenue 26 % 32 % 26 %\n\n Consumer ((2))\n Revenue $ 60.3 $ 62.5 (4) % $ 66.3 (9) %\n Segment profit $ 27.6 $ 32.1 (14) % $ 32.9 (16) %\n Segment profit % of revenue 46 % 51 % 50 %\n\n Insurance ((3))\n Revenue $ 209.3 $ 147.2 42 % $ 221.9 (6) %\n Segment profit $ 50.0 $ 40.0 25 % $ 57.9 (14) %\n Segment profit % of revenue 24 % 27 % 26 %\n\n Other ((4))\n Revenue $ — $ — — % $ — — %\n (Loss) $ (0.1) $ — — % $ (0.1) — %\n\n Total revenue $ 313.4 $ 250.1 25 % $ 327.3 (4) %\n\n Total segment profit $ 88.8 $ 85.1 4 % $ 100.8 (12) %\n Brand marketing expense ((5)) $ (1.5) $ (1.5) — % $ (1.2) 25 %\n Variable marketing margin $ 87.3 $ 83.6 4 % $ 99.5 (12) %\n Variable marketing margin % of revenue 28 % 33 % 30 %\n\n (1) The Home segment includes the following products: purchase mortgage, refinance\n mortgage, and home equity loans.\n (2) The Consumer segment includes the following products: credit cards, personal\n loans, small business loans, auto loans, deposit accounts and debt settlement.\n (3) The Insurance segment consists of insurance quote products and sales of\n insurance policies. We closed the insurance agency business and ceased the\n sale of insurance policies in the second quarter of 2025.\n (4) The Other category primarily includes marketing revenue and related expenses\n not allocated to a specific segment.\n (5) Brand marketing expense represents the portion of selling and marketing\n expense attributable to variable costs paid for advertising, direct marketing\n and related expenses that are not assignable to the segments' products. This\n measure excludes overhead, fixed costs and personnel-related expenses.\n\nFinancial Outlook*\n\nToday we update our full-year 2026 outlook and provide our outlook for Q3:\n\nFull-year 2026:*\n\n * Revenue of $1.30 to $1.32 billion\n * Variable Marketing Margin of $364 - $374 million\n * Adjusted EBITDA of $145 - $152 million\nThird-quarter 2026:*\n\n * Revenue: $325 - $335 million\n * Variable Marketing Margin: $88 - $93 million\n * Adjusted EBITDA: $34 - $36 million\n*LendingTree is not able to provide a reconciliation of projected variable\nmarketing margin or adjusted EBITDA to the most directly comparable expected\nGAAP results due to the unknown effect, timing and potential significance of\nthe effects of legal matters and tax considerations. Expenses associated with\nlegal matters and tax considerations have in the past, and may in the future,\nsignificantly affect GAAP results in a particular period.\n\nQuarterly Conference Call\n\nA conference call to discuss LendingTree's second quarter 2026 financial\nresults will be webcast live today, July 29, 2026 at 4:30 PM Eastern Time\n(ET). The live webcast is open to the public and will be available on\nLendingTree's investor relations website at investors.lendingtree.com.\nFollowing completion of the call, a recorded replay of the webcast will be\navailable on the website.\n\n \n LENDINGTREE, INC. AND SUBSIDIARIES\n\nCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)\n\n(Unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n (in thousands, except per share amounts)\n Revenue $ 313,422 $ 250,116 $ 640,689 $ 489,844\n Costs and expenses:\n Cost of revenue (exclusive of depreciation and amortization shown separately 11,269 10,029 22,965 19,937\n below)( (1))\n Selling and marketing expense ((1)) 236,453 176,753 475,021 349,504\n General and administrative expense( (1)) 25,710 25,034 53,700 55,694\n Product development( (1)) 10,032 11,473 21,499 23,377\n Depreciation 4,277 4,241 8,462 8,538\n Amortization of intangibles 1,288 1,307 2,576 2,614\n Restructuring and severance( (1)) 1,839 357 2,778 1,155\n Litigation settlements and contingencies 756 (2) 776 15,210\n Total costs and expenses 291,624 229,192 587,777 476,029\n Operating income 21,798 20,924 52,912 13,815\n Other income (expense), net:\n Interest expense, net (8,483) (10,402) (17,049) (19,486)\n Other income 832 248 1,201 1,636\n Income (loss) before income taxes 14,147 10,770 37,064 (4,035)\n Income tax (expense) benefit (4,573) (1,908) (10,224) 522\n Net income (loss) and comprehensive income (loss) $ 9,574 $ 8,862 $ 26,840 $ (3,513)\n\n Weighted average shares outstanding:\n Basic 13,965 13,549 13,895 13,495\n Diluted 14,054 13,650 14,156 13,495\n Net income (loss) per share:\n Basic $ 0.69 $ 0.65 $ 1.93 $ (0.26)\n Diluted $ 0.68 $ 0.65 $ 1.90 $ (0.26)\n\n ((1)) Amounts include non-cash compensation, as follows:\n Cost of revenue $ 169 $ 58 $ 274 $ 28\n Selling and marketing expense 925 678 1,526 1,335\n General and administrative expense 3,282 3,492 6,003 11,863\n Product development 828 739 1,461 1,608\n Restructuring and severance 1,012 195 1,012 255\n\n \n LENDINGTREE, INC. AND SUBSIDIARIES\n\nCONSOLIDATED BALANCE SHEETS\n\n(Unaudited)\n\n June 30, December 31,\n 2026 2025\n (in thousands, except par value\n and share amounts)\n ASSETS:\n Cash and cash equivalents $ 110,766 $ 81,073\n Accounts receivable, net 149,287 110,582\n Prepaid and other current assets 39,751 38,053\n Total current assets 299,804 229,708\n Property and equipment, net 30,384 32,834\n Operating lease right-of-use assets 29,973 31,655\n Goodwill 381,539 381,539\n Intangible assets, net 35,516 38,092\n Deferred income tax assets 114,737 124,867\n Other non-current assets 19,678 16,997\n Total assets $ 911,631 $ 855,692\n\n LIABILITIES:\n Current portion of long-term debt $ 3,932 $ 3,926\n Accounts payable, trade 47,351 6,735\n Accrued expenses and other current liabilities 111,086 126,803\n Total current liabilities 162,369 137,464\n Long-term debt 386,351 387,694\n Operating lease liabilities 41,996 43,597\n Other non-current liabilities 143 140\n Total liabilities 590,859 568,895\n Commitments and contingencies\n SHAREHOLDERS' EQUITY:\n Preferred stock $0.01 par value; 5,000,000 shares authorized; none issued or — —\n outstanding\n Common stock $0.01 par value; 50,000,000 shares authorized; 17,389,706 and 174 171\n 17,124,837 shares\n issued, respectively, and 14,034,240 and 13,769,371 shares outstanding,\n respectively\n Additional paid-in capital 1,288,035 1,280,903\n Accumulated deficit (701,259) (728,099)\n Treasury stock; 3,355,466 and 3,355,466 shares, respectively (266,178) (266,178)\n Total shareholders' equity 320,772 286,797\n Total liabilities and shareholders' equity $ 911,631 $ 855,692\n\n \n LENDINGTREE, INC. AND SUBSIDIARIES\n\n CONSOLIDATED STATEMENTS OF CASH FLOWS\n\n(Unaudited)\n\n Six Months Ended\n\nJune 30,\n 2026 2025\n (in thousands)\n Net cash provided by operating activities 40,717 27,743\n Cash flows from investing activities:\n Capital expenditures (5,935) (6,158)\n Other investing activities 52 —\n Net cash used in investing activities (5,883) (6,158)\n Cash flows from financing activities:\n Proceeds from term loan — 50,000\n Repayment of term loan (2,000) (6,563)\n Payments related to net-share settlement of stock-based compensation, net of (3,141) (2,285)\n proceeds from exercise of stock options\n Repurchase of 0.50% Convertible Senior Notes — (19,700)\n Payment of debt costs — (500)\n Net cash (used in) provided by financing activities (5,141) 20,952\n Net (decrease) increase in cash, cash equivalents, restricted cash and 29,693 42,537\n restricted cash equivalents\n Cash, cash equivalents, restricted cash and restricted cash equivalents at 81,073 106,594\n beginning of period\n Cash, cash equivalents, restricted cash and restricted cash equivalents at end $ 110,766 $ 149,131\n of period\n\nLENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP\n\nVariable Marketing Expense\n\nBelow is a reconciliation of selling and marketing expense, the most directly\ncomparable GAAP measure, to variable marketing expense. See \"LendingTree's\nPrinciples of Financial Reporting\" for further discussion of the Company's use\nof this non-GAAP measure.\n Three Months Ended\n June 30, March 31, June 30,\n 2026 2026 2025\n (in thousands)\n Selling and marketing expense $ 236,453 $ 238,568 $ 176,753\n Non-variable selling and marketing expense ((1)) (10,370) (10,848) (10,285)\n Variable marketing expense $ 226,083 $ 227,720 $ 166,468\n\n (1) Represents the portion of selling and marketing expense not attributable to\n variable costs paid for advertising, direct marketing and related expenses.\n Includes overhead, fixed costs and personnel-related expenses.\n\nLENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP\n\nVariable Marketing Margin\n\nBelow is a reconciliation of net income, the most directly comparable GAAP\nmeasure, to variable marketing margin and net income % of revenue to variable\nmarketing margin % of revenue. See \"LendingTree's Principles of Financial\nReporting\" for further discussion of the Company's use of these non-GAAP\nmeasures.\n Three Months Ended\n June 30, March 31, June 30,\n 2026 2026 2025\n (in thousands, except percentages)\n Net income $ 9,574 $ 17,266 $ 8,862\n Net income % of revenue 3 % 5 % 4 %\n\n Adjustments to reconcile to variable marketing margin:\n Cost of revenue 11,269 11,696 10,029\n Non-variable selling and marketing expense ((1)) 10,370 10,848 10,285\n General and administrative expense 25,710 27,990 25,034\n Product development 10,032 11,467 11,473\n Depreciation 4,277 4,185 4,241\n Amortization of intangibles 1,288 1,288 1,307\n Restructuring and severance 1,839 939 357\n Litigation settlements and contingencies 756 20 (2)\n Interest expense, net 8,483 8,566 10,402\n Other income (832) (369) (248)\n Income tax expense 4,573 5,651 1,908\n Variable marketing margin $ 87,339 $ 99,547 $ 83,648\n Variable marketing margin % of revenue 28 % 30 % 33 %\n\n (1) Represents the portion of selling and marketing expense not attributable to\n variable costs paid for advertising, direct marketing and related expenses.\n Includes overhead, fixed costs and personnel-related expenses.\n\nLENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP\n\nAdjusted EBITDA\n\nBelow is a reconciliation of net income, the most directly comparable GAAP\nmeasure, to adjusted EBITDA and net income % of revenue to adjusted EBITDA %\nof revenue. See \"LendingTree's Principles of Financial Reporting\" for further\ndiscussion of the Company's use of these non-GAAP measures.\n Three Months Ended\n June 30, March 31, June 30,\n 2026 2026 2025\n (in thousands, except percentages)\n Net income $ 9,574 $ 17,266 $ 8,862\n Net income % of revenue 3 % 5 % 4 %\n Adjustments to reconcile to adjusted EBITDA:\n Amortization of intangibles 1,288 1,288 1,307\n Depreciation 4,277 4,185 4,241\n Restructuring and severance 1,839 939 357\n Loss (gain) on impairments and disposal of assets — 3 —\n Loss on investments — 359 1,225\n Non-cash compensation 5,204 4,060 4,967\n Contribution to LendingTree Foundation — 400 —\n Litigation settlements and contingencies 756 20 (2)\n Interest expense, net 8,483 8,566 10,402\n Dividend income (832) (728) (1,474)\n Income tax expense 4,573 5,651 1,908\n Adjusted EBITDA $ 35,162 $ 42,009 $ 31,793\n Adjusted EBITDA % of revenue 11 % 13 % 13 %\n\nLENDINGTREE'S PRINCIPLES OF FINANCIAL REPORTING\n\nLendingTree reports the following non-GAAP measures as supplemental to GAAP:\n\n * Variable marketing expense\n * Variable marketing margin\n * Variable marketing margin % of revenue\n * Earnings Before Interest, Taxes, Depreciation and Amortization, as adjusted\nfor certain items discussed below (\"Adjusted EBITDA\")\n * Adjusted EBITDA % of revenue\n * Adjusted EBITDA % of variable marketing margin\nVariable marketing expense, variable marketing margin and variable marketing\nmargin % of revenue are related measures of the effectiveness of the Company's\nmarketing efforts. Variable marketing expense represents the portion of\nselling and marketing expense attributable to variable costs paid for\nadvertising, direct marketing, and related expenses, and excludes overhead,\nfixed costs, and personnel-related expenses. Variable marketing margin is a\nmeasure of the efficiency of the Company's operating model, measuring revenue\nafter subtracting variable marketing expense. The Company's operating model is\nhighly sensitive to the amount and efficiency of variable marketing\nexpenditures, and the Company's proprietary systems are able to make rapidly\nchanging decisions concerning the deployment of variable marketing\nexpenditures (primarily but not exclusively online and mobile advertising\nplacement) based on proprietary and sophisticated analytics.\n\nAdjusted EBITDA, adjusted EBITDA % of revenue, and adjusted EBITDA % of\nvariable marketing margin are primary metrics by which LendingTree evaluates\nthe operating performance of its businesses, on which its marketing\nexpenditures and internal budgets are based and, in the case of adjusted\nEBITDA, by which management and many employees are compensated in most years.\n\nThese non-GAAP measures should be considered in addition to results prepared\nin accordance with GAAP, but should not be considered a substitute for or\nsuperior to GAAP results. LendingTree provides and encourages investors to\nexamine the reconciling adjustments between the GAAP and non-GAAP measures set\nforth above.\n\nDefinition of LendingTree's Non-GAAP Measures\n\nVariable marketing margin is defined as revenue less variable marketing\nexpense. Variable marketing expense is defined as the expense attributable to\nvariable costs paid for advertising, direct marketing and related expenses,\nand excluding overhead, fixed costs and personnel-related expenses. The\nmajority of these variable advertising costs are expressly intended to drive\ntraffic to our websites and these variable advertising costs are included in\nselling and marketing expense on the Company's consolidated statements of\noperations and consolidated income.\n\nEBITDA is defined as net income excluding interest, income taxes, amortization\nof intangibles and depreciation.\n\nAdjusted EBITDA is defined as EBITDA excluding (1) non-cash compensation\nexpense, (2) non-cash impairment charges, (3) gain/loss on disposal of assets,\n(4) gain/loss on investments, (5) restructuring and severance expenses, (6)\nlitigation settlements and contingencies, (7) acquisitions and dispositions\nincome or expense (including with respect to changes in fair value of\ncontingent consideration), (8) contributions to the LendingTree Foundation (9)\ndividend income, and (10) one-time items.\n\nLendingTree endeavors to compensate for the limitations of these non-GAAP\nmeasures by also providing the comparable GAAP measures with equal or greater\nprominence and descriptions of the reconciling items, including quantifying\nsuch items, to derive the non-GAAP measures. These non-GAAP measures may not\nbe comparable to similarly titled measures used by other companies.\n\nOne-Time Items\n\nAdjusted EBITDA and adjusted net income are adjusted for one-time items, if\napplicable. Items are considered one-time in nature if they are non-recurring,\ninfrequent or unusual, and have not occurred in the past two years or are not\nexpected to recur in the next two years, in accordance with SEC rules. For the\nperiods presented in this report, there are no adjustments for one-time items.\n\nNon-Cash Expenses That Are Excluded From LendingTree's Adjusted EBITDA\n\nNon-cash compensation expense consists principally of expense associated with\nthe grants of restricted stock, restricted stock units and stock options.\nThese expenses are not paid in cash and LendingTree includes the related\nshares in its calculations of fully diluted shares outstanding. Upon\nsettlement of restricted stock units, exercise of certain stock options or\nvesting of restricted stock awards, the awards may be settled on a net basis,\nwith LendingTree remitting the required tax withholding amounts from its\ncurrent funds. Cash expenditures for employer payroll taxes on non-cash\ncompensation are included within adjusted EBITDA.\n\nAmortization of intangibles are non-cash expenses relating primarily to\nacquisitions. At the time of an acquisition, the intangible assets of the\nacquired company, such as purchase agreements, technology and customer\nrelationships, are valued and amortized over their estimated lives.\n\nSafe Harbor Statement Under the Private Securities Litigation Reform Act of\n1995\n\nThe matters contained in the discussion above may be considered to be\n\"forward-looking statements\" within the meaning of the Securities Act of 1933\nand the Securities Exchange Act of 1934, as amended by the Private Securities\nLitigation Reform Act of 1995. Those statements include statements regarding\nthe intent, belief or current expectations or anticipations of LendingTree and\nmembers of our management team. Factors currently known to management that\ncould cause actual results to differ materially from those in forward-looking\nstatements include the following: adverse conditions in the primary and\nsecondary mortgage markets and in the economy, particularly interest rates and\ninflation; default rates on loans, particularly unsecured loans; demand by\ninvestors for unsecured personal loans; the effect of such demand on interest\nrates for personal loans and consumer demand for personal loans; seasonality\nof results; potential liabilities to secondary market purchasers; changes in\nthe Company's relationships with network partners, including dependence on\ncertain key network partners; breaches of network security or the\nmisappropriation or misuse of personal consumer information; failure to\nprovide competitive service; our ability to compete effectively and adapt to\ncompetitive pressures in each of our businesses, including from\ndisintermediation as well as technological change, digital disruption and\nother types of innovation such as artificial intelligence; failure to maintain\nbrand recognition; ability to attract and retain consumers in a cost-effective\nmanner; the effects of potential acquisitions of other businesses, including\nthe ability to integrate them successfully with LendingTree's existing\noperations; accounting rules related to excess tax benefits or expenses on\nstock-based compensation that could materially affect earnings in future\nperiods; ability to develop new products and services and enhance existing\nones; effects of changing laws, rules or regulations on our business model;\nallegations of failure to comply with existing or changing laws, rules or\nregulations, or to obtain and maintain required licenses; failure of network\npartners or other affiliated parties to comply with regulatory requirements;\nfailure to maintain the integrity of systems and infrastructure; liabilities\nas a result of privacy regulations; failure to adequately protect intellectual\nproperty rights or allegations of infringement of intellectual property\nrights; and changes in management. These and additional factors to be\nconsidered are set forth under \"Risk Factors\" in our Annual Report on Form\n10-K for the period ended December 31, 2025, in our Quarterly Report on Form\n10-Q for the period ended March 31, 2026, and in our other filings with the\nSecurities and Exchange Commission. LendingTree undertakes no obligation to\nupdate or revise forward-looking statements to reflect changed assumptions,\nthe occurrence of unanticipated events or changes to future operating results\nor expectations.\n\nAbout LendingTree, Inc.\n\nLendingTree, Inc. is the parent of LendingTree, LLC and several companies\nowned by LendingTree, LLC (collectively, \"LendingTree\" or the \"Company\").\n\nLendingTree is one of the nation's largest, most experienced online financial\nplatforms, created to give consumers the power to win financially.\nLendingTree provides customers with access to the best offers on loans, credit\ncards, insurance and more through its network of approximately 770 financial\npartners. Since its founding, LendingTree has helped millions of customers\nobtain financing, save money, and improve their financial and credit health in\ntheir personal journeys. With a portfolio of innovative products and tools and\npersonalized financial recommendations, LendingTree helps customers achieve\neveryday financial wins.\n\nLendingTree, Inc. is headquartered in Charlotte, NC. For more information,\nplease visit www.lendingtree.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741858-1&h=3598091055&u=https%3A%2F%2Fwww.lendingtree.com&a=www.lendingtree.com)\n.\n\nInvestor Relations Contact:\ninvestors@lendingtree.com (mailto:investors@lendingtree.com)\n\nMedia Contact:\npress@lendingtree.com (mailto:press@lendingtree.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/lendingtree-reports-second-quarter-2026-results-302838118.html\n(https://www.prnewswire.com/news-releases/lendingtree-reports-second-quarter-2026-results-302838118.html)\n\nSOURCE LendingTree, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS482382/Lending-Tree-square-Logo.jpg?id=OA2800521\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn6TQYW6a","title":"LENDINGTREE REPORTS SECOND QUARTER 2026 RESULTS","author":"PR Newswire","ticker":"TREE","created":"2026-07-29T20:15:00.985Z","tickers":["TREE"],"exchange":"NASDAQ","article_body":"LENDINGTREE REPORTS SECOND QUARTER 2026 RESULTS\n\nPR Newswire\n\nCHARLOTTE, N.C., July 29, 2026\n\nRevenue Grew 25% YoY Driven By Strong Insurance Segment Performance\n\n * Consolidated revenue of $313.4 million\n * GAAP net income of $9.6 million or $0.68 per diluted share\n * Variable marketing margin of $87.3 million\n * Adjusted EBITDA of $35.2 million\nCHARLOTTE, N.C., July 29, 2026 /PRNewswire/ -- LendingTree, Inc. (NASDAQ:\nTREE), operator of LendingTree.com, the nation's leading online financial\nservices marketplace, today announced results for the quarter ended June 30,\n2026.\n\nThe company has posted a letter to shareholders on the company's website at\ninvestors.lendingtree.com.\n\n\"We posted our eighth straight quarter of double-digit year-over-year adjusted\nEBITDA growth in Q2, powered by another solid quarter from our Insurance\nsegment,\" said Scott Peyree, CEO. \"We also accomplished a great deal on the\nproduct and AI front during the period. We launched several new\nconsumer-facing AI capabilities such as our ChatGPT app, expanded our\nmarketplace into six new verticals, and we are continuing to see strong\nresults from our homepage redesign. We remain laser focused as a team on\nexecuting our strategy to become the Number One Destination to Shop For\nFinancial Products.\"\n\nJason Bengel, CFO, commented, \"Solid Insurance segment results were offset by\nweaker than expected Consumer performance in Q2. Last quarter we called out\nan expected sequential decline in Consumer, driven by suppressed borrower\ndemand in our small business segment. This demand trend continued to\ndeteriorate throughout the quarter. However, appetite from small business\nowners for new loans on our network has since stabilized, and we expect\nsequential revenue growth through the remainder of the year. SMB has been a\ngreat success story for our company, having grown segment revenue nearly 40%\nyear-over-year on average dating back to the beginning of 2024. Lenders\nremain very active on our network, and we expect an increase in borrower\ndemand will allow us to climb back to, and eventually surpass, the record SMB\nperformance in Q1 of this year based on strong structural tailwinds in the\nsegment.\"\n\nSecond Quarter 2026 Business Results\n\n * Insurance segment revenue of $209.3 million increased 42% over second quarter\n2025 and translated into segment profit of $50.0 million, up 25% over the\nsame period.\n * Consumer segment revenue of $60.3 million decreased 4% from the prior year\nperiod, while segment profit declined 14%.\n * Home segment revenue of $43.9 million increased 9% over second quarter 2025\nand produced segment profit of $11.3 million, a decline of 14% over the same\nperiod.\n* Within Home, revenue from Home Equity of $34.9 million increased 15% over\nprior year. LendingTree Summary Financial Metrics\n (In millions, except per share amounts)\n\n Three Months Ended Y/Y Three Months Ended Q/Q\n\nJune 30, March 31,\n 2026 2025 % Change 2026 % Change\n\n Total revenue $ 313.4 $ 250.1 25 % $ 327.3 (4) %\n\n Income before income taxes $ 14.1 $ 10.8 31 % $ 22.9 (38) %\n Income tax expense $ (4.5) $ (1.9) 137 % $ (5.6) (20) %\n Net income $ 9.6 $ 8.9 8 % $ 17.3 (45) %\n Net income % of revenue 3 % 4 % 5 %\n\n Income per share\n Basic $ 0.69 $ 0.65 $ 1.25\n Diluted $ 0.68 $ 0.65 $ 1.22\n\n Variable marketing margin\n Total revenue $ 313.4 $ 250.1 25 % $ 327.3 (4) %\n Variable marketing expense ((1) (2)) $ (226.1) $ (166.5) 36 % $ (227.8) (1) %\n Variable marketing margin ((2)) $ 87.3 $ 83.6 4 % $ 99.5 (12) %\n Variable marketing margin % of revenue ((2)) 28 % 33 % 30 %\n\n Adjusted EBITDA( (2)) $ 35.2 $ 31.8 11 % $ 42.0 (16) %\n Adjusted EBITDA % of variable marketing margin (2) 40 % 38 % 42 %\n\n (1) Represents the portion of selling and marketing expense attributable to\n variable costs paid for advertising, direct marketing and related expenses.\n Excludes overhead, fixed costs and personnel-related expenses.\n (2) Variable marketing expense, variable marketing margin, variable marketing\n margin % of revenue, adjusted EBITDA, and adjusted EBITDA % of variable\n marketing margin are non-GAAP measures. Please see \"LendingTree's\n Reconciliation of Non-GAAP Measures to GAAP\" and \"LendingTree's Principles of\n Financial Reporting\" below for more information.\n\n LendingTree Segment Results\n (In millions)\n\n Three Months Ended Y/Y Three Months Ended March 31, Q/Q\n\nJune 30,\n 2026 2025 % Change 2026 % Change\n Home ((1))\n Revenue $ 43.9 $ 40.4 9 % $ 39.1 12 %\n Segment profit $ 11.3 $ 13.1 (14) % $ 10.0 13 %\n Segment profit % of revenue 26 % 32 % 26 %\n\n Consumer ((2))\n Revenue $ 60.3 $ 62.5 (4) % $ 66.3 (9) %\n Segment profit $ 27.6 $ 32.1 (14) % $ 32.9 (16) %\n Segment profit % of revenue 46 % 51 % 50 %\n\n Insurance ((3))\n Revenue $ 209.3 $ 147.2 42 % $ 221.9 (6) %\n Segment profit $ 50.0 $ 40.0 25 % $ 57.9 (14) %\n Segment profit % of revenue 24 % 27 % 26 %\n\n Other ((4))\n Revenue $ — $ — — % $ — — %\n (Loss) $ (0.1) $ — — % $ (0.1) — %\n\n Total revenue $ 313.4 $ 250.1 25 % $ 327.3 (4) %\n\n Total segment profit $ 88.8 $ 85.1 4 % $ 100.8 (12) %\n Brand marketing expense ((5)) $ (1.5) $ (1.5) — % $ (1.2) 25 %\n Variable marketing margin $ 87.3 $ 83.6 4 % $ 99.5 (12) %\n Variable marketing margin % of revenue 28 % 33 % 30 %\n\n (1) The Home segment includes the following products: purchase mortgage, refinance\n mortgage, and home equity loans.\n (2) The Consumer segment includes the following products: credit cards, personal\n loans, small business loans, auto loans, deposit accounts and debt settlement.\n (3) The Insurance segment consists of insurance quote products and sales of\n insurance policies. We closed the insurance agency business and ceased the\n sale of insurance policies in the second quarter of 2025.\n (4) The Other category primarily includes marketing revenue and related expenses\n not allocated to a specific segment.\n (5) Brand marketing expense represents the portion of selling and marketing\n expense attributable to variable costs paid for advertising, direct marketing\n and related expenses that are not assignable to the segments' products. This\n measure excludes overhead, fixed costs and personnel-related expenses.\n\nFinancial Outlook*\n\nToday we update our full-year 2026 outlook and provide our outlook for Q3:\n\nFull-year 2026:*\n\n * Revenue of $1.30 to $1.32 billion\n * Variable Marketing Margin of $364 - $374 million\n * Adjusted EBITDA of $145 - $152 million\nThird-quarter 2026:*\n\n * Revenue: $325 - $335 million\n * Variable Marketing Margin: $88 - $93 million\n * Adjusted EBITDA: $34 - $36 million\n*LendingTree is not able to provide a reconciliation of projected variable\nmarketing margin or adjusted EBITDA to the most directly comparable expected\nGAAP results due to the unknown effect, timing and potential significance of\nthe effects of legal matters and tax considerations. Expenses associated with\nlegal matters and tax considerations have in the past, and may in the future,\nsignificantly affect GAAP results in a particular period.\n\nQuarterly Conference Call\n\nA conference call to discuss LendingTree's second quarter 2026 financial\nresults will be webcast live today, July 29, 2026 at 4:30 PM Eastern Time\n(ET). The live webcast is open to the public and will be available on\nLendingTree's investor relations website at investors.lendingtree.com.\nFollowing completion of the call, a recorded replay of the webcast will be\navailable on the website.\n\n \n LENDINGTREE, INC. AND SUBSIDIARIES\n\nCONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)\n\n(Unaudited)\n\n Three Months Ended Six Months Ended\n\nJune 30,\nJune 30,\n 2026 2025 2026 2025\n (in thousands, except per share amounts)\n Revenue $ 313,422 $ 250,116 $ 640,689 $ 489,844\n Costs and expenses:\n Cost of revenue (exclusive of depreciation and amortization shown separately 11,269 10,029 22,965 19,937\n below)( (1))\n Selling and marketing expense ((1)) 236,453 176,753 475,021 349,504\n General and administrative expense( (1)) 25,710 25,034 53,700 55,694\n Product development( (1)) 10,032 11,473 21,499 23,377\n Depreciation 4,277 4,241 8,462 8,538\n Amortization of intangibles 1,288 1,307 2,576 2,614\n Restructuring and severance( (1)) 1,839 357 2,778 1,155\n Litigation settlements and contingencies 756 (2) 776 15,210\n Total costs and expenses 291,624 229,192 587,777 476,029\n Operating income 21,798 20,924 52,912 13,815\n Other income (expense), net:\n Interest expense, net (8,483) (10,402) (17,049) (19,486)\n Other income 832 248 1,201 1,636\n Income (loss) before income taxes 14,147 10,770 37,064 (4,035)\n Income tax (expense) benefit (4,573) (1,908) (10,224) 522\n Net income (loss) and comprehensive income (loss) $ 9,574 $ 8,862 $ 26,840 $ (3,513)\n\n Weighted average shares outstanding:\n Basic 13,965 13,549 13,895 13,495\n Diluted 14,054 13,650 14,156 13,495\n Net income (loss) per share:\n Basic $ 0.69 $ 0.65 $ 1.93 $ (0.26)\n Diluted $ 0.68 $ 0.65 $ 1.90 $ (0.26)\n\n ((1)) Amounts include non-cash compensation, as follows:\n Cost of revenue $ 169 $ 58 $ 274 $ 28\n Selling and marketing expense 925 678 1,526 1,335\n General and administrative expense 3,282 3,492 6,003 11,863\n Product development 828 739 1,461 1,608\n Restructuring and severance 1,012 195 1,012 255\n\n \n LENDINGTREE, INC. AND SUBSIDIARIES\n\nCONSOLIDATED BALANCE SHEETS\n\n(Unaudited)\n\n June 30, December 31,\n 2026 2025\n (in thousands, except par value\n and share amounts)\n ASSETS:\n Cash and cash equivalents $ 110,766 $ 81,073\n Accounts receivable, net 149,287 110,582\n Prepaid and other current assets 39,751 38,053\n Total current assets 299,804 229,708\n Property and equipment, net 30,384 32,834\n Operating lease right-of-use assets 29,973 31,655\n Goodwill 381,539 381,539\n Intangible assets, net 35,516 38,092\n Deferred income tax assets 114,737 124,867\n Other non-current assets 19,678 16,997\n Total assets $ 911,631 $ 855,692\n\n LIABILITIES:\n Current portion of long-term debt $ 3,932 $ 3,926\n Accounts payable, trade 47,351 6,735\n Accrued expenses and other current liabilities 111,086 126,803\n Total current liabilities 162,369 137,464\n Long-term debt 386,351 387,694\n Operating lease liabilities 41,996 43,597\n Other non-current liabilities 143 140\n Total liabilities 590,859 568,895\n Commitments and contingencies\n SHAREHOLDERS' EQUITY:\n Preferred stock $0.01 par value; 5,000,000 shares authorized; none issued or — —\n outstanding\n Common stock $0.01 par value; 50,000,000 shares authorized; 17,389,706 and 174 171\n 17,124,837 shares\n issued, respectively, and 14,034,240 and 13,769,371 shares outstanding,\n respectively\n Additional paid-in capital 1,288,035 1,280,903\n Accumulated deficit (701,259) (728,099)\n Treasury stock; 3,355,466 and 3,355,466 shares, respectively (266,178) (266,178)\n Total shareholders' equity 320,772 286,797\n Total liabilities and shareholders' equity $ 911,631 $ 855,692\n\n \n LENDINGTREE, INC. AND SUBSIDIARIES\n\n CONSOLIDATED STATEMENTS OF CASH FLOWS\n\n(Unaudited)\n\n Six Months Ended\n\nJune 30,\n 2026 2025\n (in thousands)\n Net cash provided by operating activities 40,717 27,743\n Cash flows from investing activities:\n Capital expenditures (5,935) (6,158)\n Other investing activities 52 —\n Net cash used in investing activities (5,883) (6,158)\n Cash flows from financing activities:\n Proceeds from term loan — 50,000\n Repayment of term loan (2,000) (6,563)\n Payments related to net-share settlement of stock-based compensation, net of (3,141) (2,285)\n proceeds from exercise of stock options\n Repurchase of 0.50% Convertible Senior Notes — (19,700)\n Payment of debt costs — (500)\n Net cash (used in) provided by financing activities (5,141) 20,952\n Net (decrease) increase in cash, cash equivalents, restricted cash and 29,693 42,537\n restricted cash equivalents\n Cash, cash equivalents, restricted cash and restricted cash equivalents at 81,073 106,594\n beginning of period\n Cash, cash equivalents, restricted cash and restricted cash equivalents at end $ 110,766 $ 149,131\n of period\n\nLENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP\n\nVariable Marketing Expense\n\nBelow is a reconciliation of selling and marketing expense, the most directly\ncomparable GAAP measure, to variable marketing expense. See \"LendingTree's\nPrinciples of Financial Reporting\" for further discussion of the Company's use\nof this non-GAAP measure.\n Three Months Ended\n June 30, March 31, June 30,\n 2026 2026 2025\n (in thousands)\n Selling and marketing expense $ 236,453 $ 238,568 $ 176,753\n Non-variable selling and marketing expense ((1)) (10,370) (10,848) (10,285)\n Variable marketing expense $ 226,083 $ 227,720 $ 166,468\n\n (1) Represents the portion of selling and marketing expense not attributable to\n variable costs paid for advertising, direct marketing and related expenses.\n Includes overhead, fixed costs and personnel-related expenses.\n\nLENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP\n\nVariable Marketing Margin\n\nBelow is a reconciliation of net income, the most directly comparable GAAP\nmeasure, to variable marketing margin and net income % of revenue to variable\nmarketing margin % of revenue. See \"LendingTree's Principles of Financial\nReporting\" for further discussion of the Company's use of these non-GAAP\nmeasures.\n Three Months Ended\n June 30, March 31, June 30,\n 2026 2026 2025\n (in thousands, except percentages)\n Net income $ 9,574 $ 17,266 $ 8,862\n Net income % of revenue 3 % 5 % 4 %\n\n Adjustments to reconcile to variable marketing margin:\n Cost of revenue 11,269 11,696 10,029\n Non-variable selling and marketing expense ((1)) 10,370 10,848 10,285\n General and administrative expense 25,710 27,990 25,034\n Product development 10,032 11,467 11,473\n Depreciation 4,277 4,185 4,241\n Amortization of intangibles 1,288 1,288 1,307\n Restructuring and severance 1,839 939 357\n Litigation settlements and contingencies 756 20 (2)\n Interest expense, net 8,483 8,566 10,402\n Other income (832) (369) (248)\n Income tax expense 4,573 5,651 1,908\n Variable marketing margin $ 87,339 $ 99,547 $ 83,648\n Variable marketing margin % of revenue 28 % 30 % 33 %\n\n (1) Represents the portion of selling and marketing expense not attributable to\n variable costs paid for advertising, direct marketing and related expenses.\n Includes overhead, fixed costs and personnel-related expenses.\n\nLENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP\n\nAdjusted EBITDA\n\nBelow is a reconciliation of net income, the most directly comparable GAAP\nmeasure, to adjusted EBITDA and net income % of revenue to adjusted EBITDA %\nof revenue. See \"LendingTree's Principles of Financial Reporting\" for further\ndiscussion of the Company's use of these non-GAAP measures.\n Three Months Ended\n June 30, March 31, June 30,\n 2026 2026 2025\n (in thousands, except percentages)\n Net income $ 9,574 $ 17,266 $ 8,862\n Net income % of revenue 3 % 5 % 4 %\n Adjustments to reconcile to adjusted EBITDA:\n Amortization of intangibles 1,288 1,288 1,307\n Depreciation 4,277 4,185 4,241\n Restructuring and severance 1,839 939 357\n Loss (gain) on impairments and disposal of assets — 3 —\n Loss on investments — 359 1,225\n Non-cash compensation 5,204 4,060 4,967\n Contribution to LendingTree Foundation — 400 —\n Litigation settlements and contingencies 756 20 (2)\n Interest expense, net 8,483 8,566 10,402\n Dividend income (832) (728) (1,474)\n Income tax expense 4,573 5,651 1,908\n Adjusted EBITDA $ 35,162 $ 42,009 $ 31,793\n Adjusted EBITDA % of revenue 11 % 13 % 13 %\n\nLENDINGTREE'S PRINCIPLES OF FINANCIAL REPORTING\n\nLendingTree reports the following non-GAAP measures as supplemental to GAAP:\n\n * Variable marketing expense\n * Variable marketing margin\n * Variable marketing margin % of revenue\n * Earnings Before Interest, Taxes, Depreciation and Amortization, as adjusted\nfor certain items discussed below (\"Adjusted EBITDA\")\n * Adjusted EBITDA % of revenue\n * Adjusted EBITDA % of variable marketing margin\nVariable marketing expense, variable marketing margin and variable marketing\nmargin % of revenue are related measures of the effectiveness of the Company's\nmarketing efforts. Variable marketing expense represents the portion of\nselling and marketing expense attributable to variable costs paid for\nadvertising, direct marketing, and related expenses, and excludes overhead,\nfixed costs, and personnel-related expenses. Variable marketing margin is a\nmeasure of the efficiency of the Company's operating model, measuring revenue\nafter subtracting variable marketing expense. The Company's operating model is\nhighly sensitive to the amount and efficiency of variable marketing\nexpenditures, and the Company's proprietary systems are able to make rapidly\nchanging decisions concerning the deployment of variable marketing\nexpenditures (primarily but not exclusively online and mobile advertising\nplacement) based on proprietary and sophisticated analytics.\n\nAdjusted EBITDA, adjusted EBITDA % of revenue, and adjusted EBITDA % of\nvariable marketing margin are primary metrics by which LendingTree evaluates\nthe operating performance of its businesses, on which its marketing\nexpenditures and internal budgets are based and, in the case of adjusted\nEBITDA, by which management and many employees are compensated in most years.\n\nThese non-GAAP measures should be considered in addition to results prepared\nin accordance with GAAP, but should not be considered a substitute for or\nsuperior to GAAP results. LendingTree provides and encourages investors to\nexamine the reconciling adjustments between the GAAP and non-GAAP measures set\nforth above.\n\nDefinition of LendingTree's Non-GAAP Measures\n\nVariable marketing margin is defined as revenue less variable marketing\nexpense. Variable marketing expense is defined as the expense attributable to\nvariable costs paid for advertising, direct marketing and related expenses,\nand excluding overhead, fixed costs and personnel-related expenses. The\nmajority of these variable advertising costs are expressly intended to drive\ntraffic to our websites and these variable advertising costs are included in\nselling and marketing expense on the Company's consolidated statements of\noperations and consolidated income.\n\nEBITDA is defined as net income excluding interest, income taxes, amortization\nof intangibles and depreciation.\n\nAdjusted EBITDA is defined as EBITDA excluding (1) non-cash compensation\nexpense, (2) non-cash impairment charges, (3) gain/loss on disposal of assets,\n(4) gain/loss on investments, (5) restructuring and severance expenses, (6)\nlitigation settlements and contingencies, (7) acquisitions and dispositions\nincome or expense (including with respect to changes in fair value of\ncontingent consideration), (8) contributions to the LendingTree Foundation (9)\ndividend income, and (10) one-time items.\n\nLendingTree endeavors to compensate for the limitations of these non-GAAP\nmeasures by also providing the comparable GAAP measures with equal or greater\nprominence and descriptions of the reconciling items, including quantifying\nsuch items, to derive the non-GAAP measures. These non-GAAP measures may not\nbe comparable to similarly titled measures used by other companies.\n\nOne-Time Items\n\nAdjusted EBITDA and adjusted net income are adjusted for one-time items, if\napplicable. Items are considered one-time in nature if they are non-recurring,\ninfrequent or unusual, and have not occurred in the past two years or are not\nexpected to recur in the next two years, in accordance with SEC rules. For the\nperiods presented in this report, there are no adjustments for one-time items.\n\nNon-Cash Expenses That Are Excluded From LendingTree's Adjusted EBITDA\n\nNon-cash compensation expense consists principally of expense associated with\nthe grants of restricted stock, restricted stock units and stock options.\nThese expenses are not paid in cash and LendingTree includes the related\nshares in its calculations of fully diluted shares outstanding. Upon\nsettlement of restricted stock units, exercise of certain stock options or\nvesting of restricted stock awards, the awards may be settled on a net basis,\nwith LendingTree remitting the required tax withholding amounts from its\ncurrent funds. Cash expenditures for employer payroll taxes on non-cash\ncompensation are included within adjusted EBITDA.\n\nAmortization of intangibles are non-cash expenses relating primarily to\nacquisitions. At the time of an acquisition, the intangible assets of the\nacquired company, such as purchase agreements, technology and customer\nrelationships, are valued and amortized over their estimated lives.\n\nSafe Harbor Statement Under the Private Securities Litigation Reform Act of\n1995\n\nThe matters contained in the discussion above may be considered to be\n\"forward-looking statements\" within the meaning of the Securities Act of 1933\nand the Securities Exchange Act of 1934, as amended by the Private Securities\nLitigation Reform Act of 1995. Those statements include statements regarding\nthe intent, belief or current expectations or anticipations of LendingTree and\nmembers of our management team. Factors currently known to management that\ncould cause actual results to differ materially from those in forward-looking\nstatements include the following: adverse conditions in the primary and\nsecondary mortgage markets and in the economy, particularly interest rates and\ninflation; default rates on loans, particularly unsecured loans; demand by\ninvestors for unsecured personal loans; the effect of such demand on interest\nrates for personal loans and consumer demand for personal loans; seasonality\nof results; potential liabilities to secondary market purchasers; changes in\nthe Company's relationships with network partners, including dependence on\ncertain key network partners; breaches of network security or the\nmisappropriation or misuse of personal consumer information; failure to\nprovide competitive service; our ability to compete effectively and adapt to\ncompetitive pressures in each of our businesses, including from\ndisintermediation as well as technological change, digital disruption and\nother types of innovation such as artificial intelligence; failure to maintain\nbrand recognition; ability to attract and retain consumers in a cost-effective\nmanner; the effects of potential acquisitions of other businesses, including\nthe ability to integrate them successfully with LendingTree's existing\noperations; accounting rules related to excess tax benefits or expenses on\nstock-based compensation that could materially affect earnings in future\nperiods; ability to develop new products and services and enhance existing\nones; effects of changing laws, rules or regulations on our business model;\nallegations of failure to comply with existing or changing laws, rules or\nregulations, or to obtain and maintain required licenses; failure of network\npartners or other affiliated parties to comply with regulatory requirements;\nfailure to maintain the integrity of systems and infrastructure; liabilities\nas a result of privacy regulations; failure to adequately protect intellectual\nproperty rights or allegations of infringement of intellectual property\nrights; and changes in management. These and additional factors to be\nconsidered are set forth under \"Risk Factors\" in our Annual Report on Form\n10-K for the period ended December 31, 2025, in our Quarterly Report on Form\n10-Q for the period ended March 31, 2026, and in our other filings with the\nSecurities and Exchange Commission. LendingTree undertakes no obligation to\nupdate or revise forward-looking statements to reflect changed assumptions,\nthe occurrence of unanticipated events or changes to future operating results\nor expectations.\n\nAbout LendingTree, Inc.\n\nLendingTree, Inc. is the parent of LendingTree, LLC and several companies\nowned by LendingTree, LLC (collectively, \"LendingTree\" or the \"Company\").\n\nLendingTree is one of the nation's largest, most experienced online financial\nplatforms, created to give consumers the power to win financially.\nLendingTree provides customers with access to the best offers on loans, credit\ncards, insurance and more through its network of approximately 770 financial\npartners. Since its founding, LendingTree has helped millions of customers\nobtain financing, save money, and improve their financial and credit health in\ntheir personal journeys. With a portfolio of innovative products and tools and\npersonalized financial recommendations, LendingTree helps customers achieve\neveryday financial wins.\n\nLendingTree, Inc. is headquartered in Charlotte, NC. For more information,\nplease visit www.lendingtree.com\n(https://edge.prnewswire.com/c/link/?t=0&l=en&o=4741858-1&h=3598091055&u=https%3A%2F%2Fwww.lendingtree.com&a=www.lendingtree.com)\n.\n\nInvestor Relations Contact:\ninvestors@lendingtree.com (mailto:investors@lendingtree.com)\n\nMedia Contact:\npress@lendingtree.com (mailto:press@lendingtree.com)\n\nView original content to download\nmultimedia:https://www.prnewswire.com/news-releases/lendingtree-reports-second-quarter-2026-results-302838118.html\n(https://www.prnewswire.com/news-releases/lendingtree-reports-second-quarter-2026-results-302838118.html)\n\nSOURCE LendingTree, Inc.\n\n\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS482382/Lending-Tree-square-Logo.jpg?id=OA2800521\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-07-29T20:15:01.730954118Z","server_sent_at_ms":1785356101730},"received_at":"2026-07-29T20:15:01.823Z","source_url":"https://www.prnewswire.com/news-releases/lendingtree-reports-second-quarter-2026-results-302838118.html"},"analysis":{"id":"91683","press_release_id":"102670","analysis_json":{"industry":{"label":"Internet Software & Services","sector":"Information Technology"},"redFlags":["Consumer segment revenue decreased 4% YoY","Small business borrower demand deteriorated throughout Q2"],"eventType":"earnings","narrative":"LendingTree reported Q2 revenue of $313.4 million, up 25% year-over-year, with Adjusted EBITDA rising 11% to $35.2 million.\n\nThe results were driven by a 42% surge in Insurance segment revenue, which offset a 4% decline in the Consumer segment due to weaker borrower demand in the small business vertical.\n\nManagement updated its full-year outlook, projecting revenue of $1.30 billion to $1.32 billion, and expects sequential revenue growth through the remainder of the year as small business demand stabilizes.","sentiment":"bullish","agentHooks":{"shouldPost":true,"suggestedAngle":"Strong Insurance growth propels LendingTree to 25% revenue jump despite consumer headwinds."},"keyFigures":{"eps":0.68,"revenue":313400000,"guidance":"FY26 revenue $1.30-$1.32 billion; FY26 Adjusted EBITDA $145-$152 million; Q3 revenue $325-$335 million","revenueYoy":"25%","customDimensions":{"adjusted_ebitda":35200000,"insurance_revenue":209300000,"insurance_revenue_yoy":"42%","variable_marketing_margin":87300000}},"quotedText":"We posted our eighth straight quarter of double-digit year-over-year adjusted EBITDA growth in Q2, powered by another solid quarter from our Insurance segment","namedEntities":{"people":[{"name":"Scott Peyree","role":"CEO"},{"name":"Jason Bengel","role":"CFO"}],"products":["ChatGPT app"],"companies":[{"name":"LendingTree, Inc.","ticker":"TREE"}],"dollarAmounts":[{"amount":"$313.4 million","context":"Consolidated revenue"},{"amount":"$9.6 million","context":"GAAP net income"},{"amount":"$0.68","context":"GAAP net income per diluted share"},{"amount":"$87.3 million","context":"Variable marketing margin"},{"amount":"$35.2 million","context":"Adjusted EBITDA"},{"amount":"$209.3 million","context":"Insurance segment revenue"},{"amount":"$50.0 million","context":"Insurance segment profit"},{"amount":"$60.3 million","context":"Consumer segment revenue"},{"amount":"$43.9 million","context":"Home segment revenue"},{"amount":"$11.3 million","context":"Home segment profit"},{"amount":"$1.30 to $1.32 billion","context":"Full-year 2026 revenue guidance"},{"amount":"$364 - $374 million","context":"Full-year 2026 Variable Marketing Margin guidance"},{"amount":"$145 - $152 million","context":"Full-year 2026 Adjusted EBITDA guidance"},{"amount":"$325 - $335 million","context":"Third-quarter 2026 revenue guidance"}]},"materialImpact":{"score":4,"reasoning":"Revenue grew 25% year-over-year to $313.4 million, driven by a 42% jump in the Insurance segment. Adjusted EBITDA also grew 11% YoY. Despite weakness in the Consumer segment, management provided full-year guidance and expects sequential revenue growth for the remainder of the year."},"tickerRelevance":{"others":[],"primary":"TREE"},"globalImportance":30,"audienceRelevance":35,"eventTypeSecondary":["guidance_update"],"importanceComponents":{"tickerTier":"mid_cap","eventGravity":"earnings_strong_growth"}},"event_type":"earnings","event_type_secondary":["guidance_update"],"sentiment":"bullish","material_impact_score":4,"narrative":"LendingTree reported Q2 revenue of $313.4 million, up 25% year-over-year, with Adjusted EBITDA rising 11% to $35.2 million.\n\nThe results were driven by a 42% surge in Insurance segment revenue, which offset a 4% decline in the Consumer segment due to weaker borrower demand in the small business vertical.\n\nManagement updated its full-year outlook, projecting revenue of $1.30 billion to $1.32 billion, and expects sequential revenue growth through the remainder of the year as small business demand stabilizes.","key_figures":{"eps":0.68,"revenue":313400000,"guidance":"FY26 revenue $1.30-$1.32 billion; FY26 Adjusted EBITDA $145-$152 million; Q3 revenue $325-$335 million","revenueYoy":"25%","customDimensions":{"adjusted_ebitda":35200000,"insurance_revenue":209300000,"insurance_revenue_yoy":"42%","variable_marketing_margin":87300000}},"named_entities":{"people":[{"name":"Scott Peyree","role":"CEO"},{"name":"Jason Bengel","role":"CFO"}],"products":["ChatGPT app"],"companies":[{"name":"LendingTree, Inc.","ticker":"TREE"}],"dollarAmounts":[{"amount":"$313.4 million","context":"Consolidated revenue"},{"amount":"$9.6 million","context":"GAAP net income"},{"amount":"$0.68","context":"GAAP net income per diluted share"},{"amount":"$87.3 million","context":"Variable marketing margin"},{"amount":"$35.2 million","context":"Adjusted EBITDA"},{"amount":"$209.3 million","context":"Insurance segment revenue"},{"amount":"$50.0 million","context":"Insurance segment profit"},{"amount":"$60.3 million","context":"Consumer segment revenue"},{"amount":"$43.9 million","context":"Home segment revenue"},{"amount":"$11.3 million","context":"Home segment profit"},{"amount":"$1.30 to $1.32 billion","context":"Full-year 2026 revenue guidance"},{"amount":"$364 - $374 million","context":"Full-year 2026 Variable Marketing Margin guidance"},{"amount":"$145 - $152 million","context":"Full-year 2026 Adjusted EBITDA guidance"},{"amount":"$325 - $335 million","context":"Third-quarter 2026 revenue guidance"}]},"model_name":"glm-4.7","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-07-30T00:36:07.688Z","global_importance":30,"audience_relevance":35,"importance_components":{"tickerTier":"mid_cap","eventGravity":"earnings_strong_growth"}},"durationMs":204220,"modelName":"glm-4.7"}}