LendingTree, Inc. (NASDAQ:TREE) Q3 2024 Earnings Conference Call October 31, 2024 4:30 PM ET

Company Participants

Andrew Wessel - SVP, IR &Corporate Development
Doug Lebda - Chairman & CEO
Jason Bengel - CFO
Scott Peyree - COO & President of Marketplace Businesses

Conference Call Participants

Jed Kelly - Oppenheimer & Company
Ryan Tomasello - KBW
John Campbell - Stephens Inc.
Jamie Friedman - Susquehanna International Group
Robert Zeller - Truist Securities
Melissa Wedel - JPMorgan
Mike Grondahl - Northland

Operator

Thank you for standing by, and welcome to LendingTree's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only-mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the call over to Andrew Wessel, SVP, Investor Relations. Please go ahead.

Andrew Wessel

Thank you, Atif, and hello to everyone joining us on the call to discuss LendingTree's third quarter 2024 financial results. On with us today are Doug Lebda, LendingTree's Chairman and CEO; Scott Peyree, COO and President of the Marketplace Businesses; and Jason Bengel, CFO.

As a reminder to everyone, we posted a detailed letter to shareholders on our Investor Relations website before the start of this call. And for the purposes of today's discussion, we will assume that listeners have read that letter, and we'll focus on Q&A. Before I hand the call over to Doug for his remarks, I remind everyone that during this 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 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 for the comparable GAAP definitions and full reconciliations of non-GAAP measures to GAAP.

And with that, Doug, please go ahead.

Doug Lebda

Thank you, Andrew, and thank you to everybody for joining us today. We are happy to announce that we generated $27 million of adjusted EBITDA in the third quarter, a 23% increase from last year. The quarter was highlighted by another standout performance from insurance, along with encouraging signs of growth across our home and consumer verticals.