LendingTree, Inc. reported significant financial improvements in its latest quarterly results, with total revenue reaching $307.8 million for the third quarter of 2025, an increase of 18% from $260.8 million in the same period last year. For the first nine months of 2025, revenue totaled $797.6 million, up 25% from $638.7 million in 2024. The company achieved an operating income of $28.8 million for the third quarter, a substantial increase from $9.9 million in the prior year, and a year-to-date operating income of $42.6 million, compared to $26.7 million in 2024. Net income for the third quarter was $10.2 million, a turnaround from a loss of $58.0 million in the same quarter last year.
The company’s performance was bolstered by growth across its segments, particularly in the Insurance segment, which saw a 20% increase in revenue to $203.5 million, driven by a 19% rise in volume. The Home segment also contributed positively, with revenue increasing 18% to $38.1 million, largely due to a 35% increase in home equity loans. The Consumer segment reported an 11% revenue increase to $66.2 million, supported by growth in personal and small business loans. Overall, LendingTree's strategic focus on enhancing its product offerings and marketing efforts has yielded positive results, as evidenced by the increase in customer engagement and transaction volumes.
In terms of operational metrics, LendingTree reported a cumulative total of 33.6 million active users on its Spring platform, with 1.0 million net new users added in the third quarter. The company attributed approximately $4.7 million of its revenue in the third quarter to transactions initiated by these registered users. The company’s marketing expenses also rose, with selling and marketing costs increasing by 16% to $225.1 million in the third quarter, reflecting its strategy to drive user engagement and revenue growth.
LendingTree has also undergone significant organizational changes, including the appointment of Scott Peyree as the new President and CEO following the passing of founder Doug Lebda. The company anticipates incurring between $3.3 million and $5.9 million in expenses related to the acceleration of non-cash compensation for equity awards associated with its former CEO. Looking ahead, LendingTree expects to continue leveraging its market position and brand strength to capitalize on the ongoing shift towards online financial services, while navigating the challenges posed by current economic conditions, including inflation and interest rate fluctuations.
About LendingTree, Inc.
LendingTree operates an online platform connecting consumers with financial service providers across mortgage, auto, credit cards, personal and small business loans, and insurance. It offers comparison shopping, real-time matching, and resource tools, generating revenue primarily from network partner fees. Its business leverages brand recognition, performance marketing, and a broad network to facilitate consumer choice and competition in the digital financial marketplace.
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