Lendingtree, Inc. (NASDAQ:TREE) Q2 2022 Earnings Conference Call July 28, 2022 9:00 AM ET

Company Participants

Andrew Wessel - Head, IR

Douglas Lebda - Founder, Chairman & CEO

John Moriarty - COO & President, Marketplace

Scott Peyree - President, Insurance

Trent Ziegler - CFO & Treasurer

Conference Call Participants

Ryan Tomasello - KBW

Youssef Squali - Truist Securities

Jed Kelly - Oppenheimer

John Campbell - Stephens Inc.

Robert Wildhack - Autonomous Research

Melissa Wedel - JPMorgan Chase & Co.

Operator

Good day, and thank you for standing by. Welcome to the LendingTree Second Quarter 2022 Earnings Conference Call. [Operator Instructions].

I would now like to hand the conference over to your speaker today, Andrew Wessel, Vice President of Investor Relations. Please go ahead.

Andrew Wessel

Thank you, and good morning to everyone joining us on the call this morning to discuss LendingTree's Second Quarter 2020 Financial Results.

On the call today are Doug Lebda, LendingTree's Chairman and CEO; J.D. Moriarty, President of Marketplace and COO; Trent Ziegler, CFO; and Scott Peyree, President of Insurance.

As a reminder to everyone, we posted a detailed letter to shareholders on our Investor Relations website earlier today. And for the purposes of today's call, we will assume that listeners have read that letter and we'll focus on Q&A.

Before I hand the call over to Doug to give his remarks, I want to remind everyone that during today's call, we may discuss LendingTree's expectations for future performance. Any forward-looking statements that we make are subject to risks and uncertainties, and LendingTree's actual results could differ materially from the views expressed today. Many but not all of the risks we face are described in our periodic reports filed with the SEC.

We will also discuss a variety of non-GAAP measures on the call today, and I refer you to today's press release and shareholder letter, both available on our website at investors.lendingtree.com for the comparable GAAP definitions and full reconciliations of non-GAAP measures to GAAP.

With that, Doug, please go ahead.

Douglas Lebda

Thanks, Andrew, and thank you all for joining us today. The current volatility in the economy has obviously caused pressure on consumer demand for loans and lender demand for new borrowers. Our company has operated through difficult stretches like this in the past and consistently emerged as a stronger and more profitable business. We are in a much better position today than ever before to manage our day-to-day business in this cycle and also be able to make strategic investments that we committed to earlier in the year, including to dramatically improve our customer experience, drive higher brand awareness and draw new customers to our platform at a time when others are scaling back.