By Natalie Weger
Shares of Lending Tree jumped after the online financial services marketplace raised its outlook for 2025.
The stock was up 21%, to $49.76, midday Thursday, and has risen about 27% this year.
The company said 2025 revenue is anticipated to be $1 billion to $1.05 billion, compared with the previously disclosed outlook of $80 million to $84 million.
Lending Tree expects second quarter revenue of $250 million, beating the previous range of $241 million to $248 million. Analysts polled by FactSet expect $247 million.
The Charlotte, N.C., company also released its preliminary outlook for the third quarter, with an expectation for $273 million to $281 million in revenue, beating analyst expectations of $258.9 million.
"Our business is generating strong financial performance, with all three of our segments producing double-digit year-over-year revenue growth in the second quarter," Chief Executive Doug Lebda said.
Write to Natalie Weger at natalie.weger@wsj.com
(END) Dow Jones Newswires
July 24, 2025 13:29 ET (17:29 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.