TREE - LendingTree stock jumps after improved Q2 consumer segment revenue growth

LendingTree (NASDAQ:TREE) rises 5.5% after it posts robust Q2 earnings and anticipates continued growth in the upcoming quarter. Sees Q3 adjusted EBITDA in a range of $35M-40M, compared with $38.2M in Q2 and $30.7M in Q1. Anticipates Q3 revenue of $285-298M vs. $286M consensus, compares with $270M in Q2 and $272.8M in Q1. It also expects variable marketing margin of $99M-107M vs. $98.4M in Q2 and $82.5M in Q1 2020. Q2 adjusted EPS of $0.76 exceeds the analyst consensus of $0.22, up from $0.46 in the year-ago quarter. Home segment revenue of $104.9M increased 42% Y/Y. Consumer segment revenue of $75.7M rose 104% from a year ago. Insurance segment revenue of $89.3M increased 22% Y/Y. Earlier, LendingTree beats on revenue.

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LendingTree stock jumps after improved Q2 consumer segment, revenue growth