LendingTree Q3 2024 Earnings Report
Key Takeaways
LendingTree reported a consolidated revenue of $260.8 million, a GAAP net loss of $(58.0) million, and an adjusted net income per share of $0.80 for Q3 2024. The Insurance segment saw tremendous growth, while the Consumer segment also showed sequential improvement.
Consolidated revenue reached $260.8 million.
GAAP net loss was $(58.0) million, including a significant non-cash impairment.
Variable marketing margin stood at $77.2 million.
Adjusted net income per share was $0.80.
LendingTree
LendingTree
LendingTree Revenue by Segment
Forward Guidance
LendingTree updated its full-year 2024 outlook, implying the following fourth quarter outlook: revenue of $231 - $241 million, variable marketing margin of $69 - $74 million, and adjusted EBITDA of $20 - $23 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income