LendingTree Q1 2020 Earnings Report
Key Takeaways
LendingTree reported solid first-quarter results with revenue up 8% year-over-year, driven by strong performance in the Home and Insurance segments, despite facing late-quarter challenges due to the COVID-19 outbreak. The company remains focused on market share gains, product innovation, and supporting its stakeholders.
Consolidated revenue increased by 8% year-over-year to $283.1 million.
GAAP net income from continuing operations was $19.0 million, or $1.34 per diluted share.
Variable marketing margin grew by 6% year-over-year to $98.2 million.
Adjusted EBITDA increased by 4% year-over-year to $44.9 million.
LendingTree
LendingTree
LendingTree Revenue by Segment
Forward Guidance
For the second quarter of 2020, LendingTree expects revenue between $160 - $175 million, variable marketing margin between $65 - $75 million, and adjusted EBITDA between $12 - $18 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income