LendingTree prelim Q2 revenue beats estimates, raises FY guidance

Overview

• LendingTree preliminary Q2 revenue $250 mln, beating analyst expectations, per LSEG data

• Preliminary adjusted EBITDA for Q2 $31.8 mln, surpassing analyst estimates, per LSEG data

• Co revises full-year 2025 guidance upwards

Outlook

• LendingTree sees preliminary Q3 revenue between $273 mln and $281 mln

• Company expects preliminary Q3 variable marketing margin of $86 mln to $89 mln

• LendingTree projects full-year revenue of $1 bln to $1.05 bln

• Company anticipates full-year adjusted EBITDA of $119 mln to $126 mln

Result Drivers

• DOUBLE-DIGIT GROWTH - All segments reported double-digit year-over-year revenue growth, per CEO Doug Lebda

• OPERATING LEVERAGE - Improved operating leverage attributed to management's focus on efficiency

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy"

• Wall Street's median 12-month price target for Lendingtree Inc is $62.00, about 34.7% above its July 22 closing price of $40.49

• The stock recently traded at 9 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nPn7nHjMha