LendingTree Q2 revenue up 15% to $210.1M, raises FY24 revenue outlook to $830-870M

LendingTree, Inc.

2024-Q2 EPS reported $0.66 revenue$377,908,000

GAAP net income of $7.8M ($0.58 diluted EPS) vs $0.1M loss a year ago; adjusted EPS $0.54, down 53% YoY.
Insurance segment revenue surged 109% to $122.1M; Home revenue fell 23%, Consumer fell 32%.
Repurchased $161M of 2025 convertible notes for $152M, capturing $9M discount; remaining $50M Apollo debt available.
CFO Trent Ziegler departing; Jason Bengel named CFO, effective immediately, previously led finance and efficiency initiatives.
Full-year 2024 revenue guidance raised to $830-870M (from $690-720M); Q3 revenue guided $230-260M.

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