LendingTree, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 07:21 am EDT
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LendingTree, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 182.45 million compared to USD 261.92 million a year ago. Net loss was USD 0.115 million compared to USD 8.04 million a year ago. Basic loss per share from continuing operations was USD 0.01 compared to USD 0.63 a year ago. Diluted loss per share from continuing operations was USD 0.01 compared to USD 0.63 a year ago.
For the six months, sales was USD 382.96 million compared to USD 545.1 million a year ago. Net income was USD 13.34 million compared to net loss of USD 18.86 million a year ago. Basic earnings per share from continuing operations was USD 1.04 compared to basic loss per share from continuing operations of USD 1.47 a year ago. Diluted earnings per share from continuing operations was USD 1.03 compared to diluted loss per share from continuing operations of USD 1.47 a year ago.
LendingTree, Inc. operates LendingTree.com, an online financial services marketplace. The Company provides customers with access to offers on loans, credit cards, insurance and more through its network of approximately 500 financial partners. Its segments include Home, Consumer, and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, and home equity loans and lines of credit. Its Consumer segment includes products, such as credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as debt settlement. The Insurance segment consists of insurance quote products and insurance policies in its agency businesses. It helps customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of products and tools and personalized financial recommendations, the Company helps customers achieve everyday financial wins.