LendingTree Q2 revenue $182.5M (-30% YoY); cuts FY2023 guidance

LendingTree, Inc.

2023-Q2 EPS reported $1.03 revenue$382,961,000

GAAP net loss $(0.1)M ($(0.01) diluted EPS); adjusted EPS $1.14 vs $0.58 prior year.
Revenue down 30% YoY; Home segment -44%, Consumer -22%, Insurance -29%.
Adjusted EBITDA $26.7M (15% margin) beats forecast but down 7% YoY.
FY2023 revenue guidance cut to $680-700M from $760-800M; AEBITDA $70-80M.
Scott Peyree named COO and President of Marketplace, consolidating segment leadership.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LendingTree, Inc. reported the quarter ended June 30, 2023 results: revenue $182.5 million, net income $(0.1) million, EPS $(0.01) per diluted share.

Period: the quarter ended June 30, 2023
Revenue: $182.5 million
Net income: $(0.1) million
EPS: $(0.01) per diluted share
Result: reported results

Exact text from the filing

LENDINGTREE REPORTS SECOND QUARTER 2023 RESULTS Strong Segment Margins and Expense Discipline Drive Upside, Revenue Growth Remains Challenged • Consolidated revenue of $182.5 million • GAAP net income of $(0.1) million or $(0.01) per diluted share

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Source: SEC EDGAR

accession 0001434621-23-000015

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