LendingTree Q2 2024 Earnings Report
Key Takeaways
LendingTree reported consolidated revenue of $210.1 million and GAAP net income of $7.8 million, or $0.58 per diluted share, for Q2 2024. The Insurance segment experienced significant growth, with revenue more than doubling compared to the prior year period.
Consolidated revenue reached $210.1 million.
GAAP net income was $7.8 million, or $0.58 per diluted share.
Variable marketing margin amounted to $70.9 million.
Adjusted EBITDA stood at $23.5 million.
LendingTree
LendingTree
LendingTree Revenue by Segment
Forward Guidance
LendingTree updated its outlook for full-year 2024 and introduced its outlook for the third quarter. Full-year 2024: Revenue of $830 - $870 million compared to the prior range of $690 - $720 million, Variable Marketing Margin of $280 - $300 million and Adjusted EBITDA of $85 - $95 million. Third-quarter 2024: Revenue: $230 - $260 million, Variable Marketing Margin: $73 - $80 million and Adjusted EBITDA: $23 - $27 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income