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LendingTree issues Q2 outlook, updates '16 guidance

LendingTreeInc. on May 4 disclosed that it expects second-quarter revenue tocome in at $95.0 million to $97.0 million, or 72% to 76% over the year-agoperiod.

The variable marketing margin is anticipated to be in therange of $32.0 million to $33.5 million. Adjusted EBITDA for the second quarteris anticipated to be in the range of $13.5 million to $15.0 million, implyingyear-over-year growth of 52% to 69%.

For full year 2016, LendingTree now expects revenue of $380million to $390 million, up from the previous guidance of $370 million to $380 million. Thevariable marketing margin is now expected to be $134 million to $137 million,up from the prior guidance of $129 million to $134 million. Adjusted EBITDA isstill expected to be in the range of $62 million to $65 million, or 52% to 59%higher than what it saw in full year 2015.