Core Insights - LendingTree, Inc. (TREE) reported a third-quarter 2025 adjusted net income per share of $1.70, exceeding the Zacks Consensus Estimate of $1.23 per share and significantly up from $0.80 in the same quarter last year [1][8] - The company's total revenues increased by 18% year over year to $307.8 million, surpassing the Zacks Consensus Estimate by 10.5% [3][8] - Adjusted EBITDA rose to $39.8 million, reflecting a 47.9% increase from the prior year, while the variable marketing margin increased by 20.7% to $93.2 million [3][8] Financial Performance - The GAAP net income for TREE was reported at $10.2 million, a significant recovery from a net loss of $58 million in the same quarter last year [2] - Total cost of revenues increased by 17.5% year over year to $11 million, which impacted overall profitability [3] - As of September 30, 2025, cash and cash equivalents were $68.6 million, down from $149.1 million as of June 30, while long-term debt slightly increased to $388.4 million [4] Future Outlook - For the fourth quarter of 2025, total revenues are projected to be between $280 million and $290 million, with adjusted EBITDA expected to be in the range of $29.5-$31.5 million [6] - The 2025 revenue outlook has been raised to between $1.08 billion and $1.09 billion, with adjusted EBITDA projected at $126-$128 million [7][8] - The variable marketing margin for 2025 is expected to be between $337 million and $340 million, indicating a positive growth trajectory [7][8] Strategic Initiatives - The company is focusing on inorganic growth strategies to enhance its online lending platform, which has contributed to the strong performance in the third quarter [8] - Efforts to diversify non-mortgage product offerings are anticipated to support future top-line growth [9]