LendingTree, Inc. reported a significant increase in financial performance for the second quarter and first half of 2025, with total revenue reaching $250.1 million, a 19% increase from $210.1 million in the same period of 2024. For the first six months of 2025, revenue totaled $489.8 million, up 30% from $377.9 million year-over-year. The company achieved an operating income of $20.9 million for the second quarter, compared to $9.6 million in the prior year, reflecting a 118% increase. However, net income for the first half of 2025 was a loss of $3.5 million, contrasting with a profit of $8.8 million in the same period of 2024.
The growth in revenue was driven primarily by the Insurance segment, which saw a 21% increase to $147.2 million in the second quarter, and a 41% increase to $293.8 million for the first half of 2025. The Home segment also contributed positively, with a 26% increase in revenue to $40.4 million in the second quarter, largely due to a rise in home equity loan volumes. The Consumer segment experienced a 12% revenue increase to $62.5 million in the second quarter, supported by growth in personal and small business loans.
In terms of operational metrics, LendingTree reported a cumulative active user base of 32.6 million as of June 30, 2025, with 0.5 million net new users added in the second quarter. The Spring platform, which offers personalized financial services, contributed approximately $4.9 million in revenue, accounting for 2% of total revenue in the second quarter. The company also noted a significant increase in marketing expenses, which rose by 19% to $176.8 million in the second quarter, reflecting its strategy to enhance customer acquisition and engagement.
LendingTree's balance sheet showed total assets of $835.8 million as of June 30, 2025, up from $767.7 million at the end of 2024. Cash and cash equivalents increased to $149.1 million, compared to $106.6 million at the end of the previous year. The company repaid $95.3 million in outstanding convertible senior notes upon maturity in July 2025, which it funded using cash on hand. Looking ahead, LendingTree anticipates that ongoing economic conditions, including interest rates and inflation, will continue to impact its operations and financial performance, particularly in the mortgage lending sector.
About LendingTree, Inc.
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