Lendingtree Inc
NASDAQ:TREE
Lendingtree Inc
LendingTree, Inc. engages in the operation of an online loan marketplace for consumers seeking loans and other credit-based offerings. The company is headquartered in Charlotte, North Carolina and currently employs 1,407 full-time employees. The company went IPO on 2000-02-16. The company offers consumers tools and resources, including free credit scores, that facilitate comparison-shopping for mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans, insurance quotes and other related offerings. The company manages its business through three operating and reportable segments: Home, Consumer and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The Insurance segment consists of insurance quote products.
Strong Revenue Growth: LendingTree reported Q2 revenue of $250 million, up 19% year-over-year, with double-digit growth across all three business segments.
Profitability Up: Adjusted EBITDA reached $31.8 million, a 35% increase over last year, marking the fifth consecutive period of year-over-year growth.
Segment Highlights: Consumer segment revenue grew 12%, Home segment revenue was up 25%, and Insurance revenue jumped 21% year-over-year.
AI Strategy: The company is aggressively implementing AI across its operations, aiming for greater efficiency, productivity, and improved customer guidance.
Raised Guidance: Management confirmed an increased outlook for the year, with segment trends in July supporting higher expectations, especially in insurance.
No Material Impact from Competitor Issues: Recent industry contract disruptions affecting competitors have not impacted LendingTree's results or outlook.
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