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Jun 30, 2021
LendingTree Q2 2021 Earnings Report
Demonstrated clear evidence of increasing momentum with consumer segment recovery gaining momentum and home and insurance remaining strong.
Key Takeaways
LendingTree reported a strong second quarter, with consolidated revenue of $270.0 million and GAAP net income from continuing operations of $9.8 million, or $0.71 per diluted share. The company's financial performance is rebounding, driven by recovery in the Consumer segment and sustained strength in Home and Insurance.
Consolidated revenue reached $270.0 million.
GAAP net income from continuing operations was $9.8 million, or $0.71 per diluted share.
Variable marketing margin was $98.4 million.
Adjusted net income per share was $0.76.
Revenue by Segment
Forward Guidance
LendingTree issued an outlook for the third quarter 2021, expecting Home to remain resilient, Consumer to continue its recovery, and Insurance to see top-line growth with modestly contracting segment margins. Non-variable costs are expected to increase materially.
Positive Outlook
- Home to remain resilient, generally extending the trends we observed in Q2.
- In Consumer, we expect the elevated pace of recovery in key products to continue.
- Top-line growth should continue in Insurance.
- Segment margins continue to contract modestly to the mid-thirties as a percent of revenue.
- Revenue: $285 - $298 million
Challenges Ahead
- Difficulty in forecasting the recovery of our Consumer segment
- Effects of volatile interest rate movements in our Home segment
- Segment margins continue to contract modestly to the mid-thirties as a percent of revenue.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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