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LendingTree's Q2 adjusted net income per share rose to $1.13 from 54 cents, beating estimates.
Total revenue grew 19% year over year to $250.1M, matching the consensus estimate.
Adjusted EBITDA rose 35.3% to $31.8M, with marketing margin up 17.9% to $83.6M.
LendingTree, Inc.’s (TREE - Free Report) second-quarter 2025 adjusted net income per share of $1.13 topped the Zacks Consensus Estimate of 97 cents. The figure compares favorably with the 54 cents reported in the prior-year quarter.
Results were driven by a rise in revenues. An increase in adjusted EBITDA was an added positive. However, a rise in total cost was a spoilsport.
Results exclude certain non-recurring items. After considering these, TREE reported a GAAP net income of $8.9 million compared with $7.8 million in the year-ago quarter.
Total revenues in the second quarter grew 19% year over year to $250.1 million. The reported figure matched the Zacks Consensus Estimate.
The total cost of revenues was $10 million, up 19.2% from the prior-year quarter.
Adjusted EBITDA totaled $31.8 million, up 35.3% from the year-ago quarter. The variable marketing margin was $83.6 million, up 17.9% year over year.
As of June 30, 2025, cash and cash equivalents were $149.1 million compared with $126.4 million as of March 31, 2025. Long-term debt was $385.1 million compared with $387.7 million as of March 31, 2025.
LendingTree’s Outlook
The company provided the third-quarter view and updated its 2025 outlook.
Q3
For the third quarter of 2025, total revenues are estimated to be between $273 million and $281 million.
Adjusted EBITDA and the variable marketing margin are anticipated to be $34-$36 million and $86-$89 million, respectively.
2025
For 2025, total revenues are expected to be between $1 billion and $1.05 billion compared with the prior mentioned $955-$995 million.
Adjusted EBITDA is projected to be in the range of $119-$126 million compared with the prior stated $116-$124 million. The variable marketing margin is expected to be $329-$336 million compared with the $319-$332 million mentioned previously.
Our View on LendingTree
TREE’s inorganic growth moves have strengthened its online lending platform. Its second-quarter results primarily benefited from an increase in EBITDA. The company’s efforts to increase revenues by diversifying its non-mortgage product offerings will support top-line growth in the future.
LendingTree, Inc. Price, Consensus and EPS Surprise
WaFd, Inc. (WAFD - Free Report) reported third-quarter fiscal 2025 (ended June 30) adjusted earnings of 73 cents per share, which outpaced the Zacks Consensus Estimate of 67 cents. However, the bottom line decreased 3.9% year over year.
WAFD’s results benefited from an increase in non-interest income and a decline in expenses. However, a fall in net interest income (NII) and lower loan and deposit balances were the major undermining factors. Also, provision for credit losses rose during the quarter.
Hancock Whitney Corp.’s (HWC - Free Report) second-quarter 2025 adjusted earnings per share of $1.37 exceeded the Zacks Consensus Estimate of $1.34. Further, the bottom line rose 4.6% from the prior year quarter.
Results benefited from an increase in non-interest income and NII. Also, higher loans were another positive. However, higher adjusted expenses and provisions alongside lower deposit balances were headwinds for HWC.
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LendingTree Q2 Earnings Surpass Estimates, EBITDA Improves Y/Y
Key Takeaways
LendingTree, Inc.’s (TREE - Free Report) second-quarter 2025 adjusted net income per share of $1.13 topped the Zacks Consensus Estimate of 97 cents. The figure compares favorably with the 54 cents reported in the prior-year quarter.
Results were driven by a rise in revenues. An increase in adjusted EBITDA was an added positive. However, a rise in total cost was a spoilsport.
Results exclude certain non-recurring items. After considering these, TREE reported a GAAP net income of $8.9 million compared with $7.8 million in the year-ago quarter.
TREE’s Revenues, Variable Marketing Margin Increase
Total revenues in the second quarter grew 19% year over year to $250.1 million. The reported figure matched the Zacks Consensus Estimate.
The total cost of revenues was $10 million, up 19.2% from the prior-year quarter.
Adjusted EBITDA totaled $31.8 million, up 35.3% from the year-ago quarter. The variable marketing margin was $83.6 million, up 17.9% year over year.
As of June 30, 2025, cash and cash equivalents were $149.1 million compared with $126.4 million as of March 31, 2025. Long-term debt was $385.1 million compared with $387.7 million as of March 31, 2025.
LendingTree’s Outlook
The company provided the third-quarter view and updated its 2025 outlook.
Q3
For the third quarter of 2025, total revenues are estimated to be between $273 million and $281 million.
Adjusted EBITDA and the variable marketing margin are anticipated to be $34-$36 million and $86-$89 million, respectively.
2025
For 2025, total revenues are expected to be between $1 billion and $1.05 billion compared with the prior mentioned $955-$995 million.
Adjusted EBITDA is projected to be in the range of $119-$126 million compared with the prior stated $116-$124 million. The variable marketing margin is expected to be $329-$336 million compared with the $319-$332 million mentioned previously.
Our View on LendingTree
TREE’s inorganic growth moves have strengthened its online lending platform. Its second-quarter results primarily benefited from an increase in EBITDA. The company’s efforts to increase revenues by diversifying its non-mortgage product offerings will support top-line growth in the future.
LendingTree, Inc. Price, Consensus and EPS Surprise
LendingTree, Inc. price-consensus-eps-surprise-chart | LendingTree, Inc. Quote
Currently, LendingTree carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Finance Stocks
WaFd, Inc. (WAFD - Free Report) reported third-quarter fiscal 2025 (ended June 30) adjusted earnings of 73 cents per share, which outpaced the Zacks Consensus Estimate of 67 cents. However, the bottom line decreased 3.9% year over year.
WAFD’s results benefited from an increase in non-interest income and a decline in expenses. However, a fall in net interest income (NII) and lower loan and deposit balances were the major undermining factors. Also, provision for credit losses rose during the quarter.
Hancock Whitney Corp.’s (HWC - Free Report) second-quarter 2025 adjusted earnings per share of $1.37 exceeded the Zacks Consensus Estimate of $1.34. Further, the bottom line rose 4.6% from the prior year quarter.
Results benefited from an increase in non-interest income and NII. Also, higher loans were another positive. However, higher adjusted expenses and provisions alongside lower deposit balances were headwinds for HWC.