Loading...
•
Jun 30, 2020
LendingTree Q2 2020 Earnings Report
LendingTree's Q2 2020 results demonstrated resilience amidst challenging conditions, showing the benefits of diversification and a flexible cost structure.
Key Takeaways
LendingTree reported consolidated revenue of $184.3 million and a GAAP net loss from continuing operations of $(8.6) million, or $(0.66) per diluted share. The company's variable marketing margin was $82.5 million, and adjusted EBITDA was $30.8 million. Adjusted net income per share was $0.46.
Home segment revenue grew 3% year-over-year to $74.1 million, with segment profit increasing by 60% to $38.7 million.
Insurance revenue increased 1% year-over-year to $72.9 million, resulting in a 5% increase in segment profit to $30.1 million.
Consumer segment revenue decreased 71% year-over-year to $37.1 million due to the impact of COVID-19 and tightening credit conditions.
15.2 million consumers have signed up for My LendingTree through June 30.
LendingTree
LendingTree
LendingTree Revenue by Segment
Revenue by Segment
Home Revenue
CapyFin.comConsumer Revenue
CapyFin.comInsurance Revenue
CapyFin.com Forward Guidance
For the third quarter of 2020, LendingTree expects revenue in the range of $200 - $215 million, variable marketing margin in the range of $72 - $80 million, and adjusted EBITDA in the range of $16 - $21 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income