LendingTree Q2 2023 Earnings Report

LendingTree EPS Results

• Actual EPS: $0.43
• Consensus EPS: -$0.64
• Beat/Miss: Beat by +$1.07
• One Year Ago EPS: N/A

LendingTree Revenue Results

• Actual Revenue: $182.50 million
• Expected Revenue: $194.03 million
• Beat/Miss: Missed by -$11.53 million
• YoY Revenue Growth: N/A

LendingTree Announcement Details

• Quarter: Q2 2023
• Date: 7/27/2023
• Time: N/A

LendingTree (NASDAQ:TREE), through its subsidiary, operates online consumer platform in the United States. It operates through three segments: Home, Consumer, and Insurance. The Home segment offers purchase mortgage, refinance mortgage, and home equity loans and lines of credit; and real estate brokerage services. The Consumer segment provides credit cards; personal, small business, student, and auto loans; deposit accounts; and other credit products, such as debt settlement services. The Insurance segment includes information, tools, and access to insurance quote products, including home, automobile, and health and Medicare through which consumers are matched with insurance lead aggregators to obtain insurance offers and policies. In addition, the company offers QuoteWizard, a marketplace for insurance comparison; ValuePenguin, a personal finance website that offers consumers objective analysis on various financial topics from insurance to credit cards; and Stash, a consumer investing and banking platform that offers a suite of personal investment accounts, traditional and Roth IRAs, custodial investment accounts, and banking services, including checking accounts and debit cards with a Stock-Back rewards program. The company was formerly known as Tree.com, Inc. and changed its name to LendingTree, Inc. in January 2015. LendingTree, Inc. was incorporated in 1996 and is based in Charlotte, North Carolina.