NASDAQ$TREE

LendingTree Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

LendingTree's Q2 2020 results demonstrated resilience amidst challenging conditions, showing the benefits of diversification and a flexible cost structure.

LendingTree reported consolidated revenue of $184.3 million and a GAAP net loss from continuing operations of $(8.6) million, or $(0.66) per diluted share. The company's variable marketing margin was $82.5 million, and adjusted EBITDA was $30.8 million. Adjusted net income per share was $0.46.

  • Home segment revenue grew 3% year-over-year to $74.1 million, with segment profit increasing by 60% to $38.7 million.
  • Insurance revenue increased 1% year-over-year to $72.9 million, resulting in a 5% increase in segment profit to $30.1 million.
  • Consumer segment revenue decreased 71% year-over-year to $37.1 million due to the impact of COVID-19 and tightening credit conditions.
  • 15.2 million consumers have signed up for My LendingTree through June 30.

Headline financials

Total Revenue

$184M

Previous: $278M-33.8%
EPS (adj)

$0.46

Previous: $1.18-61.0%
Variable Marketing Margin

$82.5M

Previous: $93.8M-12.0%
Free Cash Flow

-$52.1M

Previous: $434K-12100.7%
Net Income

-$52.1M

Previous: $434K-12100.7%
Operating Income

-$7.55M

Previous: $12.3M-161.3%
Gross Profit

$88.3M

Previous: $262M-66.3%
Cash & Equivalents

$102M

Previous: $51.3M+98.2%
Total Assets

$1.09B

Previous: $981M+10.9%
Stock-Based Comp

$13.2M

Previous: $16M-17.7%

Revenue & EPS history

LendingTree · Revenue · Quarterly

$184M

Q2 2020-33.8%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

LendingTree · $184M total across 3 segments · Q2 2020

  • Home
    $74.1M+3.2%
  • Insurance
    $72.9M+1.4%
  • Consumer
    $37.1M-71.2%

Forward guidance

For the third quarter of 2020, LendingTree expects revenue in the range of $200 - $215 million, variable marketing margin in the range of $72 - $80 million, and adjusted EBITDA in the range of $16 - $21 million.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2020

Historical avgQ2 2020

+2.9%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-3.3%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+41.7%

Q2 2015

Best reaction

-22.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-21.9%-20.0%-23.3%
Q4 2025+14.2%+13.7%+8.0%
Q3 2025+2.5%-9.7%-11.2%
Q1 2025-20.3%-30.7%-35.3%
Q4 2024+22.5%+2.2%+14.1%
Q3 2024-22.2%-18.8%-23.8%
Q2 2024+6.3%+0.4%+9.4%
Q1 2024+28.2%+32.3%+19.1%
Q4 2023+3.2%+16.6%+23.5%
Q3 2023+35.5%+45.3%+59.9%
Q2 2023-13.8%-17.1%-33.8%
Q1 2023-20.9%-20.2%-20.3%
Q4 2022-11.6%-11.9%-30.4%
Q3 2022+11.5%+10.1%+10.9%
Q2 2022-6.3%-11.5%-28.6%
Q1 2022-6.0%-18.5%-19.6%
Q4 2021+20.6%-19.0%-1.1%
Q3 2021+10.7%+1.5%-18.3%
Q2 2021-3.7%-10.6%-16.4%
Q1 2021-16.2%-20.4%-16.7%
Q4 2020-18.5%-17.8%-37.6%
Q3 2020-16.2%-12.1%-29.8%
Q2 2020-7.0%-7.2%-14.9%
Q1 2020-6.2%-0.4%+15.9%
Q4 2019-15.1%-19.2%-41.1%
Q3 2019+11.1%+19.3%+11.4%
Q2 2019-15.7%-21.0%-27.8%
Q1 2019+1.8%+4.2%+1.6%
Q4 2018+0.2%+0.7%+8.5%
Q3 2018+30.0%+26.8%+29.1%
Q2 2018-3.0%-2.9%-2.4%
Q1 2018-20.3%-15.8%-15.4%
Q4 2017-8.6%-5.8%-4.5%
Q3 2017+20.3%+21.0%+35.9%
Q2 2017+17.8%+22.0%+21.2%
Q1 2017+12.0%+14.8%+25.2%
Q4 2016+10.0%+5.6%+6.0%
Q3 2016-14.8%-11.7%+18.1%
Q2 2016+5.7%+4.0%+5.4%
Q1 2016-6.8%
Q4 2015+19.4%
Q3 2015+26.5%
Q2 2015+41.7%
Q1 2015-10.9%
Q4 2014+18.4%
Q3 2014+30.1%
Q2 2014+4.5%
Q1 2014-18.2%
Q4 2013+2.3%
Q3 2013+12.0%
Q2 2013+24.1%
Q1 2013-3.3%
Q4 2012+15.1%
Q3 2012+10.4%
Q2 2012+3.5%
Q1 2011+1.2%
Q1 2012+3.2%
Q4 2011+3.2%
Q3 2011-0.4%
Q3 2010-0.4%
Q2 2011+3.5%
Q2 2010+3.5%
Q4 2010+3.5%
Q1 2010+2.8%

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