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LendingTree Q2 Earnings Surpass Estimates, EBITDA Improves Y/Y
ZACKSยท 2025-08-01 17:30
Core Insights - LendingTree, Inc. (TREE) reported a second-quarter 2025 adjusted net income per share of $1.13, exceeding the Zacks Consensus Estimate of 97 cents and significantly up from 54 cents in the prior-year quarter [1][10] - The company's total revenues grew by 19% year over year to $250.1 million, matching the Zacks Consensus Estimate, while adjusted EBITDA increased by 35.3% to $31.8 million [3][10] - Despite the positive revenue growth, total costs rose by 19.2% to $10 million, which impacted overall performance [3] Financial Performance - The GAAP net income for TREE was reported at $8.9 million, an increase from $7.8 million in the same quarter last year [2] - Cash and cash equivalents as of June 30, 2025, were $149.1 million, up from $126.4 million as of March 31, 2025, while long-term debt decreased slightly to $385.1 million [4] Future Outlook - For Q3 2025, total revenues are projected to be between $273 million and $281 million, with adjusted EBITDA expected to be in the range of $34-$36 million [6] - The 2025 revenue outlook has been updated to between $1 billion and $1.05 billion, with adjusted EBITDA projected at $119-$126 million [7] Strategic Initiatives - The company is focusing on inorganic growth to strengthen its online lending platform, with efforts to diversify non-mortgage product offerings expected to support future revenue growth [8]