LendingTree (TREE) Q2 FY26 earnings call

LendingTree delivered a mixed Q2 FY26, with robust growth in its Insurance segment and strong overall adjusted EBITDA expansion, driven by operational efficiencies and AI adoption. However, the Small and Medium Business (SMB) lending segment faced significant headwinds from cautious merchant sentiment and initial lender pullback, though lender demand has since recovered. The company is focused on debt reduction while exploring other strategic uses for its substantial free cash flow, anticipating a recovery in SMB and continued AI-driven improvements.