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Income Statement (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Revenue | 210M | 25.3% |
| Gross Profit | 72M | 2.8% |
| Cost of Revenue | 8.4M | 1.6% |
| Operating expense | 188M | 27.1% |
| Net Income | 7.8M | 663% |
| EBITDA | 12M | 217.1% |
Balance Sheet (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Total Assets | 802M | 13.4% |
| Total Liabilities | 656M | 17.5% |
| Total Equity | 146M | 10.9% |
| Shares Outstanding | 13M | 0.9% |
Cash Flow (USD)
| Q2 '24 | QoQ | |
|---|---|---|
| Cash from operations | -4.9M | 186.6% |
| Cash from investing | -2.7M | 0.7% |
| Cash from financing | -156M | 235.1% |
EPS
Financial Highlights for LendingTree in Q2 '24
LendingTree reported a revenue of 210M, which is a 25.3% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 72M, marking a 2.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 8.4M, a -1.6% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 188M, showing a 27.1% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 7.8M, showing a 663% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 12M, showing a 217.1% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for LendingTree with growth in revenue, gross profit, and net income. Higher operating expenses might indicate increased investments or potential inefficiencies.
