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• • • lendíngtree LENDINGTREE REPORTS SECOND QUARTER 2021 RESULTS Consumer segment recovery gains momentum as Home and Insurance remain strong Consolidated revenue of $ 270.0 million GAAP net income from continuing operations of $ 9.8 million or $ 0.71 per diluted share Variable marketing margin of $ 98.4 million Exhibit 99.1 • Adjusted EBITDA of $ 38.2 million Adjusted net income per share of $ 0.76 - CHARLOTTE , NC - July 29 , 2021 LendingTree , Inc. ( NASDAQ : TREE ) , operator of LendingTree.com , the nation's leading online financial services marketplace , today announced results for the quarter ended June 30 , 2021 . The company has posted a letter to shareholders on the company's website at investors.lendingtree.com . " Our second quarter results demonstrate clear evidence of increasing momentum at the company , " said Doug Lebda , Chairman and CEO . " Our financial performance is rebounding in a meaningful way as those businesses hit hardest by the pandemic continue their return to health . Our recent leadership re - alignment has largely taken shape , and our priorities are becoming clear . Our people are returning to our offices across the country with renewed enthusiasm and focus , and we're executing on our mission to enable consumers to make the smartest financial decisions at the most critical times in their lives . " Trent Ziegler , CFO , added , " The recovery in our Consumer segment is encouraging , and its impact to the overall profitability of the Company is a clear highlight from the quarter's results . Combined with sustained strength in Home and Insurance , the fundamentals of our core businesses are solidifying , enabling us to continue executing against our strategic growth initiatives . Our path back to pre - COVID levels of performance and beyond is becoming more visible , and we look forward to continued progress in the back half of the year . " Second Quarter 2021 Business Highlights • • Home segment revenue of $ 104.9 million grew 42 % over second quarter 2020 and produced segment profit of $ 39.0 million , up 1 % over the same period . Segment profit climbed to 37 % of revenue vs 30 % in the preceding quarter . 0 Within Home , mortgage products revenue of $ 87.5 million grew 31 % over the prior year period . Consumer segment revenue of $ 75.7 million grew 104 % over second quarter 2020 as trends continued to improve in credit card and personal loans . Segment profit improved to $ 33.4 million , up 72 % year - over - year . ° Personal loans revenue of $ 25.2 million increased 70 % over first quarter 2021 . ° Within Consumer , credit card revenue of $ 22.4 million grew 27 % over first quarter 2021 . • Insurance segment revenue of $ 89.3 million grew 22 % over second quarter 2020 and translated into Insurance segment profit of $ 33.2 million , up 10 % over the same period . • Through June 30 , 2021 , 18.9 million consumers have signed up for My LendingTree .