LendingTree Q3 2020 Earnings Report
Key Takeaways
LendingTree reported consolidated revenue of $220.3 million for Q3 2020. The company experienced a GAAP net loss from continuing operations of $(24.8) million, or $(1.90) per diluted share. Insurance and mortgage segments showed strength, while the company focused on product evolution and strategic initiatives.
Consolidated revenue reached $220.3 million.
GAAP net loss from continuing operations was $(24.8) million, or $(1.90) per diluted share.
Variable marketing margin was $78.1 million.
Adjusted EBITDA amounted to $21.7 million.
LendingTree
LendingTree
LendingTree Revenue by Segment
Forward Guidance
For the fourth quarter of 2020, LendingTree expects revenue between $200 and $215 million, variable marketing margin between $72 and $78 million, and adjusted EBITDA between $13 and $18 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income