LendingTree raises Q2 revenue view to $250M from $241M-$248M, consensus $244.03M

“Our business is generating strong financial performance, with all three of our segments producing double-digit year-over-year revenue growth in the second quarter,” said Doug Lebda, CEO. “A stable economic environment gives us increased confidence that our financial performance will continue to improve in the second half of this year, with our third-quarter forecast running ahead of previous expectations. Management’s focus on efficiency is generating impressive operating leverage, and our capital position has improved dramatically in the last year with net leverage falling to 3x at the end of Q2. We believe the momentum in our business, combined with a focus on disciplined execution, will drive ongoing improvement in financial results.”