LendingTree Reports Q2 Revenue of $210.1M, GAAP Net Income $7.8M, EPS at $0.54, and Q3 Guidance of $230M-$260M

LendingTree, Inc. reported its second-quarter earnings for fiscal year 2024, revealing consolidated revenue of $210.1 million, surpassing analyst expectations of $187.36 million and reflecting a 15% increase year-over-year. The company posted a GAAP net income of $7.8 million, translating to $0.58 per diluted share, while adjusted net income per share was $0.54, slightly below the estimated $0.61. The variable marketing margin stood at $70.9 million, and adjusted EBITDA was reported at $23.5 million. Looking ahead, LendingTree provided guidance for the third quarter, projecting revenue between $230 million and $260 million, with adjusted EBITDA expected to range from $23 million to $27 million. For the full fiscal year 2024, the company anticipates revenue between $830 million and $870 million.