Q2 2026 Lendingtree Inc Earnings Call Transcript

Jul 29, 2026 / 08:30 PM GMT

Release Date Price: €34.08 (-4.99%)

Transcript 8-K

Key Points

Positve

Insurance revenue grew 25% year-over-year, driven by strong carrier demand.
Adjusted EBITDA as a percentage of BMD improved 225 basis points year-over-year to 40%, moving toward the 45-50% long-term goal.
Free cash flow remains strong at approximately $80 million annually after interest, with minimal CapEx.
Net leverage improved to 1.9 from 3.0 a year ago, providing capacity for debt paydown, buybacks, or M&A.
AI initiatives, including a ChatGPT app and AI overviews, are driving increased consumer engagement and operational efficiency.

Negative

Small business lending (SMB) revenue faced significant headwinds due to soft merchant sentiment and lender pullback, leading to a miss in Q2.
Merchant demand for small business loans remains weak, with lower close rates and smaller loan sizes, and recovery is uncertain.
Home segment margins are below historical norms due to high interest rates and low home sales, with no expected near-term improvement.
Insurance variable margins are pressured by high competition and rising traffic costs, expected to remain similar to Q2 levels.
Consumer segment margins are suppressed because the high-margin SMB business is underperforming, impacting overall profitability.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TREE.OQ - LendingTree Inc
Q2 2026 Lendingtree Inc Earnings Call
Jul 29, 2026 / 08:30PM GMT

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Presentation
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Unidentified_1 [1]
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Good day and thank you for standing by.

Welcome to LendingTree Inc.

Second quarter 2026 earnings conference call at this time, all participants are in a listen-only mode after the speaker's presentation during this need to press star 11 on your telephone, you will then hear automated message advising your hand is raised to withdraw your question, please press 11 again, please be advised today's conference is being recorded.

I want to attend the conference over your speaker today, Andrew Russell, please go ahead.

Thank you, Kevin, and hello to everyone joining us on the call to discuss LendingTree's second quarter 2026 financial results.

On with us today are Scott Perry, President and CEO, and

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