{"id":519708,"date":"2021-07-29T07:05:40","date_gmt":"2021-07-29T11:05:40","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/lendingtree-reports-second-quarter-2021-results\/"},"modified":"2021-07-29T07:05:40","modified_gmt":"2021-07-29T11:05:40","slug":"lendingtree-reports-second-quarter-2021-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/lendingtree-reports-second-quarter-2021-results\/","title":{"rendered":"LendingTree Reports Second Quarter 2021 Results"},"content":{"rendered":"
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Consumer segment recovery gains momentum as Home and Insurance remain strong<\/h2>\n

– Consolidated revenue of $270.0 million<\/h2>\n

– GAAP net income from continuing operations of $9.8 million or $0.71 per diluted share<\/h2>\n

– Variable marketing margin of $98.4 million<\/h2>\n

– Adjusted EBITDA of $38.2 million<\/h2>\n

– Adjusted net income per share of $0.76<\/h2>\n

PR Newswire<\/p>\n<\/p><\/div>\n

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\n CHARLOTTE, N.C.<\/span>, July 29, 2021<\/span> \/PRNewswire\/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced results for the quarter ended June\u00a030, 2021. <\/p>\n

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\n \"LendingTree
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The company has posted a letter to shareholders on the company’s website at investors.lendingtree.com. \u00a0\u00a0 <\/p>\n

“Our second quarter results demonstrate clear evidence of increasing momentum at the company,” said Doug Lebda<\/span>, Chairman and CEO.\u00a0 “Our financial performance is rebounding in a meaningful way as those businesses hit hardest by the pandemic continue their return to health.\u00a0 Our recent leadership re-alignment has largely taken shape, and our priorities are becoming clear.\u00a0 Our people are returning to our offices across the country with renewed enthusiasm and focus, and we’re executing on our mission to enable consumers to make the smartest financial decisions at the most critical times in their lives.”<\/p>\n

\n Trent Ziegler<\/span>, CFO, added, “The recovery in our Consumer segment is encouraging, and its impact to the overall profitability of the Company is a clear highlight from the quarter’s results.\u00a0 Combined with sustained strength in Home and Insurance, the fundamentals of our core businesses are solidifying, enabling us to continue executing against our strategic growth initiatives.\u00a0 Our path back to pre-COVID levels of performance and beyond is becoming more visible, and we look forward to continued progress in the back half of the year.”<\/p>\n

\n Second Quarter 2021 Business Highlights<\/b>\u00a0\u00a0<\/p>\n