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SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
SIGNIFICANT ACCOUNTING POLICIES	Jun. 30, 2024
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	SIGNIFICANT ACCOUNTING POLICIES Accounting Estimates Management is required to make certain estimates and assumptions during the preparation of the consolidated financial statements in accordance with GAAP. These estimates and assumptions impact the reported amount of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates. Significant estimates underlying the accompanying consolidated financial statements include: the recoverability of long-lived assets, goodwill and intangible assets; the determination of income taxes payable and deferred income taxes, including related valuation allowances; fair value of assets acquired in a business combination; litigation accruals; contract assets; various other allowances, reserves and accruals; assumptions related to the determination of stock-based compensation; and the determination of right-of-use assets and lease liabilities. The Company considered the impact of the current economic conditions, including interest rates and inflation on the assumptions and estimates used when preparing its consolidated financial statements including, but not limited to, the allowance for doubtful accounts, valuation allowances, contract asset, and the recoverability of long-lived assets, goodwill and intangible assets. These assumptions and estimates may change as new events occur and additional information is obtained. If economic conditions worsen, such future changes may have an adverse impact on the Company's results of operations, financial position and liquidity. Certain Risks and Concentrations LendingTree's business is subject to certain risks and concentrations including dependence on third-party technology providers, exposure to risks associated with online commerce security and fraud. Financial instruments, which potentially subject the Company to concentration of credit risk at June 30, 2024, consist primarily of cash and cash equivalents and accounts receivable, as disclosed in the consolidated balance sheet. Cash and cash equivalents are in excess of Federal Deposit Insurance Corporation insurance limits, but are maintained with quality financial institutions of high credit. The Company requires certain Network Partners to maintain security deposits with the Company, which, in the event of non-payment, would be applied against any accounts receivable outstanding. Due to the nature of the mortgage lending industry, interest rate fluctuations may negatively impact future revenue from the Company's marketplace. Lenders and lead purchasers participating on the Company's marketplace can offer their products directly to consumers through brokers, mass marketing campaigns or through other traditional methods of credit distribution. These lenders and lead purchasers can also offer their products online, either directly to prospective borrowers, through one or more online competitors, or both. If a significant number of potential consumers are able to obtain loans and other products from Network Partners without utilizing the Company's services, the Company's ability to generate revenue may be limited. Because the Company does not have exclusive relationships with the Network Partners whose loans and other financial products are offered on its online marketplace, consumers may obtain offers from these Network Partners without using its service. Other than a support services office in India, the Company's operations are geographically limited to and dependent upon the economic condition of the United States. Litigation Settlements and Contingencies Litigation settlements and contingencies consists of expenses related to actual or anticipated litigation settlements. Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2023-07 which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. This ASU is effective for annual periods beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. Early adoption is permitted, including adoption in interim periods. An entity should adopt the guidance as of the beginning of the earliest period presented. The Company is evaluating the impact this ASU will have on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 which expands annual disclosure requirements for income taxes, primarily through disclosure about disaggregated information about an entity's effective tax rate reconciliation and information on income taxes paid. This ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The guidance will be applied on a prospective basis with the option to adopt the guidance retrospectively. The Company is evaluating the impact this ASU will have on its consolidated financial statements and whether to early adopt.

INCOME TAXES

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

INCOME TAXES


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
	(in thousands, except percentages)
Income tax expense	$	(1,686)		$	(227)		$	(2,245)		$	(622)
Effective tax rate	17.9		%	202.7		%	20.4		%	4.5		%

For the second quarter and first six months of 2024, and the second quarter and first six months of 2023 the effective tax rate varied from the federal statutory rate of 21% primarily due to the change in the valuation allowance, net of the current period change in tax effected net indefinite-lived intangibles.

- Definition

The entire disclosure for income tax.

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+ Details

DEBT - Schedule of Component of the Notes (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Debt Instrument [Line Items]
Net carrying amount	$ 467,722	$ 525,617
2025 Convertible Notes
Debt Instrument [Line Items]
Gross carrying amount	122,915	284,188
Debt issuance costs	678	2,321
Net carrying amount	$ 122,237	$ 281,867

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

CASH AND RESTRICTED CASH (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Cash and cash equivalents	$ 66,769	$ 112,051
Restricted cash and cash equivalents	0	5
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$ 66,769	$ 112,056	$ 162,675	$ 298,969

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
ASSETS:
Cash and cash equivalents	$ 66,769	$ 112,051
Restricted cash and cash equivalents	0	5
Accounts receivable (net of allowance of $1,930 and $2,222, respectively)	107,711	54,954
Prepaid and other current assets	31,457	29,472
Total current assets	205,937	196,482
Property and equipment (net of accumulated depreciation of $35,832 and $36,827, respectively)	46,400	50,481
Operating lease right-of-use assets	54,830	57,222
Goodwill	381,539	381,539
Intangible assets, net	47,665	50,620
Equity investments	60,076	60,076
Other non-current assets	5,746	6,339
Total assets	802,193	802,759
LIABILITIES:
Current portion of long-term debt	14,895	3,125
Accounts payable, trade	3,042	1,960
Accrued expenses and other current liabilities	95,173	70,544
Total current liabilities	113,110	75,629
Long-term debt	467,722	525,617
Operating lease liabilities	72,180	75,023
Deferred income tax liabilities	3,095	2,091
Other non-current liabilities	266	267
Total liabilities	656,373	678,627
Commitments and contingencies (Note 13)
SHAREHOLDERS' EQUITY:
Preferred stock $0.01 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock $0.01 par value; 50,000,000 shares authorized; 16,695,394 and 16,396,911 shares issued, respectively, and 13,339,928 and 13,041,445 shares outstanding, respectively	167	164
Additional paid-in capital	1,240,766	1,227,849
Accumulated deficit	(828,935)	(837,703)
Treasury stock; 3,355,466 and 3,355,466 shares, respectively	(266,178)	(266,178)
Total shareholders' equity	145,820	124,132
Total liabilities and shareholders' equity	$ 802,193	$ 802,759

DEBT - Schedule of Current and Long-Term Portion of Debt (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Current Portion
Net carrying amount	$ 14,895	$ 3,125
Long-term Portion
Net carrying amount	467,722	$ 525,617
Secured Debt \| 2024 Term Loan \| Line of Credit
Current Portion
Gross carrying amount	12,500
Debt issuance costs	422
Unamortized original issue discount	308
Net carrying amount	11,770
Long-term Portion
Gross carrying amount	109,375
Debt issuance costs	3,691
Unamortized original issue discount	2,699
Net carrying amount	$ 102,985

CONTINGENCIES	6 Months Ended
CONTINGENCIES	Jun. 30, 2024
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCIES	CONTINGENCIES Overview LendingTree is involved in legal proceedings on an ongoing basis. In assessing the materiality of a legal proceeding, the Company evaluates, among other factors, the amount of monetary damages claimed, as well as the potential impact of non-monetary remedies sought by plaintiffs (e.g., injunctive relief) that may require it to change its business practices in a manner that could have a material and adverse impact on the Company's business. With respect to the matters disclosed in this Note 13, unless otherwise indicated, the Company is unable to estimate the possible loss or range of losses that could potentially result from the application of such non-monetary remedies. As of June 30, 2024 and December 31, 2023, the Company had litigation settlement accruals of $0.6 million and $0.6 million, respectively. The litigation settlement accruals relate to litigation matters that were either settled or a firm offer for settlement was extended, thereby establishing an accrual amount that is both probable and reasonably estimable.

REVENUE

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

REVENUE

Revenue is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Home	$	32,166	$	41,563	$	62,609	$	85,238
Personal loans	26,936		28,137		47,063		51,736
Other Consumer	28,965		54,340		60,289		110,450
Total Consumer	55,901		82,477		107,352		162,186
Insurance	122,071		58,398		207,943		135,480
Other	2		15		4		57
Total revenue	$	210,140	$	182,453	$	377,908	$	382,961

The Company derives its revenue primarily from match fees and closing fees. Revenue is recognized when performance obligations under the terms of a contract with a customer are satisfied and promised services have transferred to the customer. The Company's services are generally transferred to the customer at a point in time.

Revenue from Home products is primarily generated from upfront match fees paid by mortgage Network Partners that receive a loan request, and in some cases upfront fees for clicks or call transfers. Match fees and upfront fees for clicks and call transfers are earned through the delivery of loan requests that originated through the Company's websites or affiliates. The Company recognizes revenue at the time a loan request is delivered to the customer, provided that no significant obligations remain. The Company's contractual right to the match fee consideration is contemporaneous with the satisfaction of the performance obligation to deliver a loan request to the customer.

Revenue from Consumer products is generated by match and other upfront fees for clicks or call transfers, as well as from closing fees, approval fees and upfront service and subscription fees. Closing fees are derived from lenders on certain auto loans, business loans, personal loans, and student loans when the lender funds a loan with the consumer. Approval fees are derived from credit card issuers when the credit card consumer receives card approval from the credit card issuer. Upfront service fees and subscription fees were derived from consumers in the Company's credit services product. Upfront fees paid by consumers were recognized as revenue over the estimated time the consumer was expected to remain a customer and receive services. Subscription fees were recognized over the period a consumer was receiving services. As of the second quarter of 2023, the Company discontinued providing its credit services product to consumers and no longer receives upfront and subscription fees.

The Company recognizes revenue on closing fees and approval fees at the point when a loan request or a credit card consumer is delivered to the customer. The Company's contractual right to closing fees and approval fees is not contemporaneous with the satisfaction of the performance obligation to deliver a loan request or a credit card consumer to the customer. As such, the Company records a contract asset at each reporting period-end related to the estimated variable consideration on closing fees and approval fees for which the Company has satisfied the related performance obligation but are still pending the loan closing or credit card approval before the Company has a contractual right to payment. This estimate is based on the Company's historical closing rates and historical time between when a consumer request for a loan or credit card is delivered to the lender or card issuer and when the loan is closed by the lender or approved by the card issuer.

Revenue from the Company's Insurance products is primarily generated from upfront match fees and upfront fees for website clicks or fees for calls. Match fees and upfront fees for clicks and call transfers are earned through the delivery of consumer requests that originated through the Company's websites or affiliates. The Company recognizes revenue at the time a consumer request is delivered to the customer, provided that no significant obligations remain. The Company's contractual right to the match fee consideration is contemporaneous with the satisfaction of the performance obligation to deliver a consumer request to the customer.

The contract asset recorded within prepaid and other current assets on the consolidated balance sheets related to estimated variable consideration was $16.7 million and $13.7 million at June 30, 2024 and December 31, 2023, respectively.

As the contract liability was in the Ovation business that closed during 2023, there was no contract liability at December 31, 2023. During the second quarter and first six months of 2023, the Company recognized revenue of $0.1 million and $0.9 million, respectively, that was included in the contract liability balance at December 31, 2022.

Revenue recognized in any reporting period includes estimated variable consideration for which the Company has satisfied the related performance obligations but are still pending the occurrence or non-occurrence of a future event outside the Company's control (such as lenders providing loans to consumers or credit card approvals of consumers) before the Company has a contractual right to payment. The Company recognizes increases or decreases to such revenue from prior periods. There was an increase of $0.2 million in the second quarter of 2024, and there was a decrease of $0.9 million in the second quarter of 2023.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

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+ Details

SEGMENT INFORMATION

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

The Company manages its business and reports its financial results through the following three operating and reportable segments: Home, Consumer, and Insurance. Characteristics which were relied upon in making the determination of the reportable segments include the nature of the products, the organization's internal structure, and the information that is regularly reviewed by the chief operating decision maker for the purpose of assessing performance and allocating resources.

The Home segment includes the following products: purchase mortgage, refinance mortgage, and home equity loans and lines of credit. The Consumer segment includes the following products: credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The credit repair business was closed at the end of the second quarter of 2023. The Insurance segment consists of insurance quote products and sales of insurance policies in the agency businesses.

The following tables are a reconciliation of segment profit, which is the Company's primary segment profitability measure, to income before income taxes. Segment marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses, that are directly attributable to the segments' products. This measure excludes overhead, fixed costs and personnel-related expenses.


	Three Months Ended June 30, 2024
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	32,166	$	55,901	$	122,071	$	2	$	210,140
Segment marketing expense	22,877		28,989		85,706		80		137,652
Segment profit (loss)	9,289		26,912		36,365		(78)		72,488
Cost of revenue									8,411
Brand and other marketing expense									10,735
General and administrative expense									27,118
Product development									10,374
Depreciation									4,601
Amortization of intangibles									1,467


Restructuring and severance									202
Litigation settlements and contingencies									(7)
Operating income									9,587
Interest expense, net									(1,201)
Other income									1,052
Income before income taxes									$	9,438


	Three Months Ended June 30, 2023
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	41,563	$	82,477	$	58,398	$	15	$	182,453
Segment marketing expense	28,216		41,807		33,647		274		103,944
Segment profit (loss)	13,347		40,670		24,751		(259)		78,509
Cost of revenue									9,302
Brand and other marketing expense									12,121
General and administrative expense									29,160
Product development									10,601
Depreciation									4,684
Amortization of intangibles									1,982

Restructuring and severance									3,558
Litigation settlements and contingencies									488
Operating income									6,613
Interest expense, net									(6,940)
Other income									439
Income before income taxes									$	112


	Six Months Ended June 30, 2024
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	62,609	$	107,352	$	207,943	$	4	$	377,908
Segment marketing expense	43,710		53,000		138,129		59		234,898
Segment profit (loss)	18,899		54,352		69,814		(55)		143,010
Cost of revenue									16,956
Brand and other marketing expense									21,665
General and administrative expense									52,914
Product development									22,231
Depreciation									9,268
Amortization of intangibles									2,956


Restructuring and severance									225
Litigation settlements and contingencies									29
Operating income									16,766
Interest expense, net									(7,839)
Other income									2,086
Income before income taxes									$	11,013


	Six Months Ended June 30, 2023
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	85,238	$	162,186	$	135,480	$	57	$	382,961
Segment marketing expense	56,783		86,640		80,577		495		224,495
Segment profit (loss)	28,455		75,546		54,903		(438)		158,466
Cost of revenue									23,062
Brand and other marketing expense									28,681
General and administrative expense									65,843
Product development									25,256
Depreciation									9,479
Amortization of intangibles									4,031

Restructuring and severance									8,012
Litigation settlements and contingencies									500
Operating loss									(6,398)
Interest income, net									18,089
Other income									2,273
Income before income taxes									$	13,964

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

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+ Details

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (Parenthetical)	Jun. 30, 2024 Rate
2025 Convertible Notes
Stated interest rate	0.50%

STOCK-BASED COMPENSATION - Employee Stock Purchase Plan (Details) - Employee Stock - USD ($)	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock reserved for issuance (in shares)	134,412		262,731
Purchase price of common stock, percent	85.00%
Offering period (in months)	6 months
Purchase period (in months)	6 months
Shares issued under ESPP (in shares)	27,852
Grant date fair value (in dollars per share)	$ 11.27	$ 8.19
Expected term (in years)	6 months	6 months
Expected dividend	0.00%	0.00%
Expected volatility	82.00%	82.00%
Risk-free interest rate	5.28%	4.76%
Expected dividends	$ 0

ALLOWANCE FOR DOUBTFUL ACCOUNTS

6 Months Ended

Jun. 30, 2024

Credit Loss [Abstract]

ALLOWANCE FOR DOUBTFUL ACCOUNTS

Accounts receivable are stated at amounts due from customers, net of an allowance for doubtful accounts.

The Company determines its allowance for doubtful accounts by considering a number of factors, including the length of time accounts receivable are past due, previous loss history, current and expected economic conditions and the specific customer's current and expected ability to pay its obligation. Accounts receivable are considered past due when they are outstanding longer than the contractual payment terms. Accounts receivable are written off when management deems them uncollectible.

A reconciliation of the beginning and ending balances of the allowance for doubtful accounts is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Balance, beginning of the period	$	2,026	$	2,688	$	2,222	$	2,317
Charges to earnings	73		931		(56)		1,894
Write-off of uncollectible accounts receivable	(169)		(1,010)		(236)		(1,973)

Assets held for sale	—		—		—		371
Balance, end of the period	$	1,930	$	2,609	$	1,930	$	2,609

- Definition

The entire disclosure for credit loss on financial instrument measured at amortized cost basis, net investment in lease, off-balance sheet credit exposure, and available-for-sale debt security.

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+ Details

DEBT - Credit Facility and 2024 Term Loan (Details)		6 Months Ended
DEBT - Credit Facility and 2024 Term Loan (Details)	Mar. 27, 2024 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Sep. 15, 2021 USD ($)
Line of Credit Facility [Line Items]
Current portion of long-term debt		$ 14,895,000		$ 3,125,000
Letters of credit outstanding		200,000		200,000
Amortization of debt issuance costs		1,270,000	$ 1,698,000
Amortization of debt discount		118,000	0
Credit Agreement \| Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 200,000,000
Interest expense		900,000	700,000
Unused commitment fees		400,000	200,000
Amortization of debt issuance costs		500,000	500,000
Credit Agreement \| Delayed Draw Term Loan \| Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity					$ 250,000,000
Line of credit outstanding		245,600,000		246,900,000
Current portion of long-term debt		$ 3,100,000
Credit Agreement \| SOFR \| Delayed Draw Term Loan \| Line of Credit
Line of Credit Facility [Line Items]
Basis spread on variable rate		9.20%
Interest expense		$ 11,400,000
Credit Agreement \| LIBO Rate \| Delayed Draw Term Loan \| Line of Credit
Line of Credit Facility [Line Items]
Interest expense			$ 10,700,000
Revolving Credit Facility \| Line of Credit
Line of Credit Facility [Line Items]
Line of credit outstanding		0		$ 0
2024 Term Loan \| Secured Debt \| Line of Credit
Line of Credit Facility [Line Items]
Maximum borrowing capacity	$ 175,000,000
Line of credit outstanding		121,900,000
Current portion of long-term debt		11,770,000
Interest expense		4,200,000
Unused commitment fees		200,000
Amortization of debt issuance costs		200,000
Amount drew down	125,000,000
Amount available as a delayed draw	$ 50,000,000
Gross carrying amount		12,500,000
Term after call protection that loan is pre-payable at par (in months)	12 months
Prepayment percentage	101.00%
Prepayment term (in years)	7 years
One-time step-down	0.25%
Gross first lien leverage ratio, maximum	3.75
Minimum cash balance	$ 40,000,000
Financing costs	7,300,000
Debt issuance cost	4,200,000
Original issue discount	$ 3,100,000
Unused capacity, commitment fee percentage	1.50%
Amortization of debt discount		$ 100,000
2024 Term Loan \| SOFR \| Secured Debt \| Line of Credit
Line of Credit Facility [Line Items]
Basis spread on variable rate		11.10%
Interest expense		$ 3,700,000
Prepayment basis spread	5.75%

SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
SHAREHOLDERS' EQUITY (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023	Jul. 24, 2020
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted average basic common shares (in shares)	13,257,000	12,915,000	13,179,000	12,881,000
Effect of stock options (in shares)	42,000	0	56,000	10,000
Effect of dilutive share awards (in shares)	108,000	0	129,000	21,000
Weighted average diluted common shares (in shares)	13,407,000	12,915,000	13,364,000	12,912,000
Common stock repurchases
Repurchased shares of common stock under stock repurchase program (in shares)			0	0
Remaining authorized repurchase amount	$ 96.7		$ 96.7
2025 Convertible Notes
Additional disclosure
Stated interest rate	0.50%		0.50%
2025 Convertible Notes \| Convertible Debt
Additional disclosure
Stated interest rate	0.50%		0.50%		0.50%
Option
Additional disclosure
Antidilutive securities excluded from computation of earnings per share (in shares)	1,000,000	1,200,000	1,000,000	1,000,000
Restricted Stock Units (RSUs)
Additional disclosure
Antidilutive securities excluded from computation of earnings per share (in shares)	100,000	600,000	100,000	500,000
Convertible Debt
Additional disclosure
Antidilutive securities excluded from computation of earnings per share (in shares)	600,000	800,000	600,000	1,200,000

CONTINGENCIES (Details) - USD ($) $ in Millions	Jun. 30, 2024	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
Accrued litigation liability	$ 0.6	$ 0.6

EQUITY INVESTMENT	6 Months Ended
EQUITY INVESTMENT	Jun. 30, 2024
Investments, Debt and Equity Securities [Abstract]
EQUITY INVESTMENT	EQUITY INVESTMENT The equity investments do not have a readily determinable fair value and, upon acquisition, the Company elected the measurement alternative to value its investments. Accordingly, the equity investments will be carried at cost less impairment, if any, and subsequently measured to fair value upon observable price changes in an orderly transaction for the identical or similar investments. Additionally, if a qualitative assessment identifies impairment indicators, then the equity investments must be evaluated for impairment and written down to its fair value, if it is determined that the fair value is less than the carrying value. Any gains or losses are included within other income (expense) in the consolidated statements of operations and comprehensive income. In the second quarter of 2023, the Company recorded an impairment charge of $1.4 million on one of its investments in equity securities. In the third quarter of 2023, the Company determined there was an impairment indicator related to its Stash investment and performed a valuation of the investment. Based on the valuation, the Company determined the estimated fair value was below the carrying value of the investment and recorded an impairment charge of $113.1 million.

Cover - shares	6 Months Ended
Cover - shares	Jun. 30, 2024	Jul. 23, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2024
Document Transition Report	false
Entity File Number	001-34063
Entity Registrant Name	LendingTree, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	26-2414818
Entity Address, Address Line One	1415 Vantage Park Dr.
Entity Address, Address Line Two	Suite 700
Entity Address, City or Town	Charlotte
Entity Address, State or Province	NC
Entity Address, Postal Zip Code	28203
City Area Code	704
Local Phone Number	541-5351
Title of 12(b) Security	Common Stock, $0.01 par value per share
Trading Symbol	TREE
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		13,341,984
Entity Central Index Key	0001434621
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2

GOODWILL AND INTANGIBLE ASSETS - Schedule of Amortization of Intangible Assets with Definite Lives (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Amortization of intangible assets with definite lives computed on a straight-line basis
Remainder of current year	$ 2,934
2025	5,830
2026	5,504
2027	5,198
2028	4,685
Thereafter	13,372
Total intangible assets with definite lives, net	$ 37,523	$ 40,478

STOCK-BASED COMPENSATION - Schedule of RSA & RSU (Details)	6 Months Ended
	Jun. 30, 2024 day $ / shares shares
Nonvested RSUs and Restricted Stock Units,, Weighted Average Grant Date Fair Value
Share price (in dollars per share)	$ 41.59
Restricted Stock Units (RSUs)
Nonvested RSUs and Restricted Stock Units, Number of Shares
Nonvested at the beginning of the period (in shares) \| shares	471,593
Granted (in shares) \| shares	404,965
Vested (in shares) \| shares	(232,197)
Forfeited (in shares) \| shares	(26,306)
Nonvested at the end of the period (in shares) \| shares	618,055
Nonvested RSUs and Restricted Stock Units,, Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 66.42
Granted (in dollars per share)	40.57
Vested (in dollars per share)	70.71
Forfeited (in dollars per share)	54.79
Nonvested at the end of the period (in dollars per share)	$ 48.36
Market-Based Restricted Stock Units
Nonvested RSUs and Restricted Stock Units, Number of Shares
Nonvested at the beginning of the period (in shares) \| shares	0
Granted (in shares) \| shares	69,000
Vested (in shares) \| shares	(11,500)
Forfeited (in shares) \| shares	0
Nonvested at the end of the period (in shares) \| shares	57,500
Nonvested RSUs and Restricted Stock Units,, Weighted Average Grant Date Fair Value
Nonvested at the beginning of the period (in dollars per share)	$ 0
Granted (in dollars per share)	35.83
Vested (in dollars per share)	38.25
Forfeited (in dollars per share)	0
Nonvested at the end of the period (in dollars per share)	$ 35.35
Vesting period if trading day average closing stock prices (in days) \| day	45
Market-Based Restricted Stock Units \| Share-Based Payment Arrangement, Tranche One
Nonvested RSUs and Restricted Stock Units,, Weighted Average Grant Date Fair Value
Share price (in dollars per share)	$ 41.17
Vesting percentage	50.00%
Market-Based Restricted Stock Units \| Share-Based Payment Arrangement, Tranche Two
Nonvested RSUs and Restricted Stock Units,, Weighted Average Grant Date Fair Value
Share price (in dollars per share)	$ 52.94
Vesting percentage	50.00%
Market-Based Restricted Stock Units \| Share-Based Payment Arrangement, Tranche Three
Nonvested RSUs and Restricted Stock Units,, Weighted Average Grant Date Fair Value
Share price (in dollars per share)	$ 64.70

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Treasury Stock
Beginning balance at Dec. 31, 2022	$ 207,940	$ 162	$ 1,189,255	$ (715,299)	$ (266,178)
Beginning balance, common (in shares) at Dec. 31, 2022		16,167,000
Beginning balance, treasury (in shares) at Dec. 31, 2022					3,355,000
Increase (Decrease) in Stockholders' Equity
Net income (loss)	13,457			13,457
Comprehensive income (loss)	13,457			13,457
Non-cash compensation	11,274		11,274
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes	(1,693)	$ 1	(1,694)
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes (in shares)		98,000
Other	1		1
Ending balance at Mar. 31, 2023	230,979	$ 163	1,198,836	(701,842)	$ (266,178)
Ending balance, common (in shares) at Mar. 31, 2023		16,265,000
Ending balance, treasury (in shares) at Mar. 31, 2023					3,355,000
Beginning balance at Dec. 31, 2022	207,940	$ 162	1,189,255	(715,299)	$ (266,178)
Beginning balance, common (in shares) at Dec. 31, 2022		16,167,000
Beginning balance, treasury (in shares) at Dec. 31, 2022					3,355,000
Increase (Decrease) in Stockholders' Equity
Net income (loss)	13,342
Comprehensive income (loss)	13,342
Ending balance at Jun. 30, 2023	241,715	$ 163	1,209,687	(701,957)	$ (266,178)
Ending balance, common (in shares) at Jun. 30, 2023		16,324,000
Ending balance, treasury (in shares) at Jun. 30, 2023					3,355,000
Beginning balance at Mar. 31, 2023	230,979	$ 163	1,198,836	(701,842)	$ (266,178)
Beginning balance, common (in shares) at Mar. 31, 2023		16,265,000
Beginning balance, treasury (in shares) at Mar. 31, 2023					3,355,000
Increase (Decrease) in Stockholders' Equity
Net income (loss)	(115)			(115)
Comprehensive income (loss)	(115)			(115)
Non-cash compensation	10,199		10,199
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes	652		652
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes (in shares)		59,000
Ending balance at Jun. 30, 2023	241,715	$ 163	1,209,687	(701,957)	$ (266,178)
Ending balance, common (in shares) at Jun. 30, 2023		16,324,000
Ending balance, treasury (in shares) at Jun. 30, 2023					3,355,000
Beginning balance at Dec. 31, 2023	$ 124,132	$ 164	1,227,849	(837,703)	$ (266,178)
Beginning balance, common (in shares) at Dec. 31, 2023	13,041,445	16,397,000
Beginning balance, treasury (in shares) at Dec. 31, 2023	3,355,466				3,355,000
Increase (Decrease) in Stockholders' Equity
Net income (loss)	$ 1,016			1,016
Comprehensive income (loss)	1,016			1,016
Non-cash compensation	7,789		7,789
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes	(1,422)	$ 2	(1,424)
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes (in shares)		180,000
Ending balance at Mar. 31, 2024	131,515	$ 166	1,234,214	(836,687)	$ (266,178)
Ending balance, common (in shares) at Mar. 31, 2024		16,577,000
Ending balance, treasury (in shares) at Mar. 31, 2024					3,355,000
Beginning balance at Dec. 31, 2023	$ 124,132	$ 164	1,227,849	(837,703)	$ (266,178)
Beginning balance, common (in shares) at Dec. 31, 2023	13,041,445	16,397,000
Beginning balance, treasury (in shares) at Dec. 31, 2023	3,355,466				3,355,000
Increase (Decrease) in Stockholders' Equity
Net income (loss)	$ 8,768
Comprehensive income (loss)	8,768
Ending balance at Jun. 30, 2024	$ 145,820	$ 167	1,240,766	(828,935)	$ (266,178)
Ending balance, common (in shares) at Jun. 30, 2024	13,339,928	16,695,000
Ending balance, treasury (in shares) at Jun. 30, 2024	3,355,466				3,355,000
Beginning balance at Mar. 31, 2024	$ 131,515	$ 166	1,234,214	(836,687)	$ (266,178)
Beginning balance, common (in shares) at Mar. 31, 2024		16,577,000
Beginning balance, treasury (in shares) at Mar. 31, 2024					3,355,000
Increase (Decrease) in Stockholders' Equity
Net income (loss)	7,752			7,752
Comprehensive income (loss)	7,752			7,752
Non-cash compensation	7,437		7,437
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes	(884)	$ 1	(885)
Issuance of common stock for stock options, employee stock purchase plan, restricted stock awards and restricted stock units, net of withholding taxes (in shares)		118,000
Ending balance at Jun. 30, 2024	$ 145,820	$ 167	$ 1,240,766	$ (828,935)	$ (266,178)
Ending balance, common (in shares) at Jun. 30, 2024	13,339,928	16,695,000
Ending balance, treasury (in shares) at Jun. 30, 2024	3,355,466				3,355,000

SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	1 Months Ended	6 Months Ended
SUBSEQUENT EVENTS (Details) - USD ($) $ in Thousands	Jul. 26, 2024	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Mar. 31, 2023
Subsequent Event [Line Items]
Repayments of convertible debt		$ 151,687	$ 156,294
2025 Convertible Notes
Subsequent Event [Line Items]
Debt repurchase amount		$ 161,300		$ 100,200	$ 190,600
2025 Convertible Notes \| Convertible Debt \| Subsequent Event
Subsequent Event [Line Items]
Debt repurchase amount	$ 7,600
Repayments of convertible debt	$ 7,200

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Jun. 30, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

DEBT

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

DEBT

Convertible Senior Notes

2025 Notes

On July 24, 2020, the Company issued $575.0 million aggregate principal amount of its 0.50% Convertible Senior Notes due July 15, 2025 (the “2025 Notes”) in a private placement. The 2025 Notes bear interest at a rate of 0.50% per year, payable semi-annually on January 15 and July 15 of each year, beginning on January 15, 2021. The 2025 Notes will mature on July 15, 2025, unless earlier repurchased, redeemed or converted. The initial conversion rate of the 2025 Notes is 2.1683 shares of the Company's common stock per $1,000 principal amount of 2025 Notes (which is equivalent to an initial conversion price of approximately $461.19 per share).

In the second quarter of 2024, the Company repurchased approximately $161.3 million in principal amount of the 2025 Notes for $151.7 million plus accrued and unpaid interest of approximately $0.3 million. As a result of the repurchase, the Company recognized a gain on the extinguishment of $9.6 million and a loss on the write-off of unamortized debt issuance costs of $1.0 million, both of which are included in interest income/expense, net in the consolidated statements of operations and comprehensive income.

In the first quarter of 2023, the Company repurchased approximately $190.6 million in principal amount of its 2025 Notes, through individual privately-negotiated transactions with certain holders of the 2025 Notes, for $156.3 million in cash plus accrued and unpaid interest of approximately $0.1 million. In the fourth quarter of 2023, the Company repurchased approximately $100.2 million in principal amount of its 2025 Notes, through privately-negotiated transactions with certain holders of the 2025 Notes, for $81.2 million in cash plus accrued and unpaid interest of approximately $0.2 million. During the year ended December 31, 2023, the Company recognized a gain on the extinguishment of debt of $53.3 million, a loss on the

write-off of unamortized debt issuance costs of $3.2 million and incurred debt repayment costs of $1.6 million, all of which are included in interest (expense) income, net in the consolidated statements of operations and comprehensive income.

Holders of the 2025 Notes were not entitled to convert the 2025 Notes during the calendar quarter ended June 30, 2024 as the last reported sale price of the Company's common stock, for at least 20 trading days (whether or not consecutive) during the period of 30 consecutive trading days ending on March 31, 2024, was not greater than or equal to 130% of the conversion price of the 2025 Notes on each applicable trading day.

In the first six months of 2024, the Company recorded interest expense on the 2025 Notes of $1.3 million which consisted of $0.6 million associated with the 0.50% coupon rate and $0.7 million associated with the amortization of the debt issuance costs. In the first six months of 2023, the Company recorded interest expense on the 2025 Notes of $2.3 million which consisted of $1.1 million associated with the 0.50% coupon rate and $1.2 million associated with the amortization of the debt issuance costs.

As of June 30, 2024, the fair value of the 2025 Notes was estimated to be approximately $113.7 million using the Level 1 observable input of the last quoted market price on June 30, 2024.

A summary of the gross carrying amount, debt issuance costs, and net carrying value of the 2025 Notes, all of which was recorded as a non-current liability in the June 30, 2024 consolidated balance sheet, are as follows (in thousands):


	June 30, 2024		December 31, 2023
Gross carrying amount	$	122,915	$	284,188
Debt issuance costs	678		2,321
Net carrying amount	$	122,237	$	281,867

Convertible Note Hedge and Warrant Transactions

2020 Hedge and Warrants

On July 24, 2020, in connection with the issuance of the 2025 Notes, the Company entered into Convertible Note Hedge (the “2020 Hedge”) and warrant transactions with respect to the Company’s common stock.

The 2020 Hedge transactions cover 1.2 million shares of the Company’s common stock, the same number of shares initially underlying the 2025 Notes, and are exercisable upon any conversion of the 2025 Notes. The 2020 Hedge transactions are expected generally to reduce the potential dilution to the Company's common stock upon conversion of the 2025 Notes and/or offset any cash payments the Company is required to make in excess of the principal amount of the converted 2025 Notes, as the case may be, in the event that the market price per share of common stock, as measured under the terms of the 2020 Hedge transactions, is greater than the strike price of the 2020 Hedge transactions, which initially corresponds to the initial conversion price of the 2025 Notes, or approximately $461.19 per share of common stock. The 2020 Hedge transactions will expire upon the maturity of the 2025 Notes.

On July 24, 2020, the Company sold to the counterparties, warrants (the “2020 Warrants”) to acquire 1.2 million shares of the Company's common stock at an initial strike price of $709.52 per share, which represents a premium of 100% over the last reported sale price of the common stock of $354.76 on July 21, 2020. If the market price per share of the common stock, as measured under the terms of the 2020 Warrants, exceeds the strike price of the 2020 Warrants, the 2020 Warrants could have a dilutive effect, unless the Company elects, subject to certain conditions, to settle the 2020 Warrants in cash.

In connection with the repurchases of the 2025 Notes noted above, the Company entered into agreements with the counterparties for the 2020 Hedge and 2020 Warrants transactions to terminate the respective portions of these call spread transactions effective as of each settlement date in notional amounts corresponding to the principal amount of the 2025 Notes repurchased. Subsequent to such termination, the outstanding portion of the 2020 Hedge covers 0.3 million shares of the Company's common stock and 2020 Warrants to acquire 0.3 million shares of the Company's common stock remain outstanding.

2021 Credit Facility

On September 15, 2021, the Company entered into a credit agreement (the “Credit Agreement”), consisting of a $200.0 million revolving credit facility (the “Revolving Facility”), which matures on September 15, 2026, and a $250.0 million delayed draw term loan facility (the “2021 Term Loan” and together with the Revolving Facility, the “Credit Facility”), which matures on September 15, 2028.

As of June 30, 2024, the Company had $245.6 million of borrowings outstanding under the 2021 Term Loan bearing interest at the SOFR option rate of 9.2% and had no borrowings under the Revolving Facility. As of December 31, 2023, the Company had $246.9 million of borrowings outstanding under the 2021 Term Loan and no borrowings under the Revolving Facility. As of June 30, 2024, borrowings of $3.1 million under the 2021 Term Loan are recorded as current portion of long-term debt on the consolidated balance sheet.

At each of June 30, 2024 and December 31, 2023, the Company had outstanding one letter of credit issued in the amount of $0.2 million.

The Company was in compliance with all covenants at June 30, 2024.

In the first six months of 2024, the Company recorded interest expense related to its Revolving Facility of $0.9 million which consisted of $0.4 million in unused commitment fees and $0.5 million associated with the amortization of the debt issuance costs. In the first six months of 2024, the Company recorded interest expense related to the 2021 Term Loan of $11.4 million associated with borrowings bearing interest at the SOFR rate.

In the first six months of 2023, the Company recorded interest expense related to its Revolving Facility of $0.7 million which consisted of $0.2 million in unused commitment fees and $0.5 million associated with the amortization of the debt issuance costs. In the first six months of 2023, the Company recorded interest expense related to the 2021 Term Loan of $10.7 million associated with borrowings bearing interest at the LIBO rate.

2024 Term Loan

On March 27, 2024, the Company entered into a $175.0 million first lien term loan facility (the “2024 Term Loan”), which matures on March 27, 2031. The Company drew $125.0 million of the 2024 Term Loan upon closing while the remaining $50.0 million will be available as a delayed draw term loan until March 27, 2025. The proceeds of the 2024 Term Loan made on March 27, 2024 will be used to pay fees and expenses incurred in connection with the closing of the 2024 Term Loan and delayed draw term loan, and will be used for working capital and general corporate purposes, which may include repayment of the 2025 Notes. As of June 30, 2024, the Company had $121.9 million borrowings outstanding under the 2024 Term Loan bearing interest at the SOFR rate of 11.1%. As of June 30, 2024, borrowings of $12.5 million under the 2024 Term Loan are recorded as current portion of long-term debt on the consolidated balance sheet.

The 2024 Term Loan is pre-payable at par, after 12 months of call protection (during which time prepayment would be at 101% of par), or with respect to prepayments made with respect to a change of control, at 101% of par, and carries a seven-year term. The Company's borrowings under the 2024 Term Loan bear interest at annual rates at (i) a SOFR rate on a daily basis applicable for an interest period of one month and (ii) 5.75%, with the opportunity for a one-time 25 basis point step-down at a gross first lien leverage ratio less than or equal to 3.75x after six fiscal quarters from the date of closing.

The 2024 Term Loan has certain financial covenants which are tested on a quarterly basis. The covenants include a requirement for the Company to have a minimum cash balance of $40.0 million and a minimum Consolidated EBITDA (as such term is defined in the 2024 Term Loan agreement dated as of March 27, 2024) based on the applicable quarter. The Company was in compliance with all covenants at June 30, 2024.

In addition, the 2024 Term Loan contains mandatory prepayment events, affirmative and negative covenants and events of default customary for a transaction of this type. The covenants, among other things, restrict additional indebtedness, liens, mergers or certain fundamental changes, asset dispositions, dividends and other restricted payments, transactions with affiliates, loans and investments and other matters customarily restricted in agreements of this type, all subject to certain exceptions. In addition, the Company is required to file an ATM Shelf Registration (as defined in the 2024 Term Loan agreement) with the SEC. In the event of a default in the minimum Consolidated EBITDA covenant, the Company is required to utilize the ATM Equity Program (as defined in the 2024 Term Loan agreement) to sell common stock and use the proceeds to cure the event of default in the minimum Consolidated EBITDA covenant.

The Company is required to make mandatory prepayments of the outstanding principal amount of loans under the 2024 Term Loan with the net cash proceeds from certain disposition of assets and the receipt of insurance proceeds upon certain casualty and condemnation events, in each case, to the extent not reinvested within a specified time period, from excess cash flow beyond stated threshold amounts, and from the incurrence of certain indebtedness.

The 2024 Term Loan includes customary events of default, that include among other things, non-payment of principal, interest or fees, inaccuracy of representations and warranties, violation of certain covenants, cross default to certain other indebtedness, bankruptcy and insolvency events, material judgments, change of control, and certain material ERISA events. The occurrence of a default could result in the acceleration of the obligations under the facility.

As security for its obligations under the facility, the Company granted a security interest to substantially all of the Company’s assets and the assets of its material subsidiaries, subject to certain exceptions.

With respect to the 2024 Term Loan, the Company incurred financing costs of $7.3 million upon closing consisting of $4.2 million of debt issuance costs and $3.1 million of original issue discount which are being amortized to interest expense over the life of the 2024 Term Loan. Additionally, the Company is required to pay an unused commitment fee quarterly in arrears in an amount equal to 1.50% per annum on the amount of the undrawn portion of the delayed draw term loan commitments under the 2024 Term Loan.

In the first six months of 2024, the Company recorded interest expense related to the 2024 Term Loan of $4.2 million which consisted of $3.7 million associated with borrowings bearing interest at the SOFR rate, $0.2 million associated with unused commitment fees, $0.2 million associated with the amortization of debt issuance costs, and $0.1 million associated with the accretion of the original issue discount.

A summary of the gross carrying amount, debt issuance costs, original issue discount, and net carrying value of the 2024 Term Loan in the June 30, 2024 consolidated balance sheet, are as follows (in thousands):


	June 30, 2024
Current Portion
Gross carrying amount	$	12,500
Debt issuance costs	422
Unamortized original issue discount	308
Net carrying amount	$	11,770
Long-term Portion
Gross carrying amount	$	109,375
Debt issuance costs	3,691
Unamortized original issue discount	2,699
Net carrying amount	$	102,985

- Definition

The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants.

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-URI https://asc.fasb.org/1943274/2147481139/470-20-50-1I

+ Details

ALLOWANCE FOR DOUBTFUL ACCOUNTS (Tables)

6 Months Ended

Jun. 30, 2024

Credit Loss [Abstract]

Schedule of Reconciliation of Allowance For Doubtful Accounts

A reconciliation of the beginning and ending balances of the allowance for doubtful accounts is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Balance, beginning of the period	$	2,026	$	2,688	$	2,222	$	2,317
Charges to earnings	73		931		(56)		1,894
Write-off of uncollectible accounts receivable	(169)		(1,010)		(236)		(1,973)

Assets held for sale	—		—		—		371
Balance, end of the period	$	1,930	$	2,609	$	1,930	$	2,609

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
SIGNIFICANT ACCOUNTING POLICIES (Policies)	Jun. 30, 2024
Accounting Policies [Abstract]
Accounting Estimates	Accounting Estimates Management is required to make certain estimates and assumptions during the preparation of the consolidated financial statements in accordance with GAAP. These estimates and assumptions impact the reported amount of assets and liabilities and disclosures of contingent assets and liabilities as of the date of the consolidated financial statements. They also impact the reported amount of net earnings during any period. Actual results could differ from those estimates. Significant estimates underlying the accompanying consolidated financial statements include: the recoverability of long-lived assets, goodwill and intangible assets; the determination of income taxes payable and deferred income taxes, including related valuation allowances; fair value of assets acquired in a business combination; litigation accruals; contract assets; various other allowances, reserves and accruals; assumptions related to the determination of stock-based compensation; and the determination of right-of-use assets and lease liabilities. The Company considered the impact of the current economic conditions, including interest rates and inflation on the assumptions and estimates used when preparing its consolidated financial statements including, but not limited to, the allowance for doubtful accounts, valuation allowances, contract asset, and the recoverability of long-lived assets, goodwill and intangible assets. These assumptions and estimates may change as new events occur and additional information is obtained. If economic conditions worsen, such future changes may have an adverse impact on the Company's results of operations, financial position and liquidity.
Certain Risks and Concentrations	Certain Risks and Concentrations LendingTree's business is subject to certain risks and concentrations including dependence on third-party technology providers, exposure to risks associated with online commerce security and fraud. Financial instruments, which potentially subject the Company to concentration of credit risk at June 30, 2024, consist primarily of cash and cash equivalents and accounts receivable, as disclosed in the consolidated balance sheet. Cash and cash equivalents are in excess of Federal Deposit Insurance Corporation insurance limits, but are maintained with quality financial institutions of high credit. The Company requires certain Network Partners to maintain security deposits with the Company, which, in the event of non-payment, would be applied against any accounts receivable outstanding. Due to the nature of the mortgage lending industry, interest rate fluctuations may negatively impact future revenue from the Company's marketplace. Lenders and lead purchasers participating on the Company's marketplace can offer their products directly to consumers through brokers, mass marketing campaigns or through other traditional methods of credit distribution. These lenders and lead purchasers can also offer their products online, either directly to prospective borrowers, through one or more online competitors, or both. If a significant number of potential consumers are able to obtain loans and other products from Network Partners without utilizing the Company's services, the Company's ability to generate revenue may be limited. Because the Company does not have exclusive relationships with the Network Partners whose loans and other financial products are offered on its online marketplace, consumers may obtain offers from these Network Partners without using its service. Other than a support services office in India, the Company's operations are geographically limited to and dependent upon the economic condition of the United States.
Litigation Settlements and Contingencies	Litigation Settlements and Contingencies Litigation settlements and contingencies consists of expenses related to actual or anticipated litigation settlements.
Recently Issued Accounting Pronouncements	Recently Issued Accounting Pronouncements In November 2023, the Financial Accounting Standards Board ("FASB") issued Accounting Standard Update ("ASU") 2023-07 which expands annual and interim disclosure requirements for reportable segments, primarily through enhanced disclosures about significant segment expenses. This ASU is effective for annual periods beginning after December 15, 2023, and interim periods in fiscal years beginning after December 15, 2024. Early adoption is permitted, including adoption in interim periods. An entity should adopt the guidance as of the beginning of the earliest period presented. The Company is evaluating the impact this ASU will have on its consolidated financial statements. In December 2023, the FASB issued ASU 2023-09 which expands annual disclosure requirements for income taxes, primarily through disclosure about disaggregated information about an entity's effective tax rate reconciliation and information on income taxes paid. This ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The guidance will be applied on a prospective basis with the option to adopt the guidance retrospectively. The Company is evaluating the impact this ASU will have on its consolidated financial statements and whether to early adopt.
Equity Investment	The equity investments do not have a readily determinable fair value and, upon acquisition, the Company elected the measurement alternative to value its investments. Accordingly, the equity investments will be carried at cost less impairment, if any, and subsequently measured to fair value upon observable price changes in an orderly transaction for the identical or similar investments. Additionally, if a qualitative assessment identifies impairment indicators, then the equity investments must be evaluated for impairment and written down to its fair value, if it is determined that the fair value is less than the carrying value. Any gains or losses are included within other income (expense) in the consolidated statements of operations and comprehensive income.

SEGMENT INFORMATION (Tables)

6 Months Ended

Jun. 30, 2024

Segment Reporting [Abstract]

Schedule of Segment Reporting Information by Segment


	Three Months Ended June 30, 2024
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	32,166	$	55,901	$	122,071	$	2	$	210,140
Segment marketing expense	22,877		28,989		85,706		80		137,652
Segment profit (loss)	9,289		26,912		36,365		(78)		72,488
Cost of revenue									8,411
Brand and other marketing expense									10,735
General and administrative expense									27,118
Product development									10,374
Depreciation									4,601
Amortization of intangibles									1,467


Restructuring and severance									202
Litigation settlements and contingencies									(7)
Operating income									9,587
Interest expense, net									(1,201)
Other income									1,052
Income before income taxes									$	9,438


	Three Months Ended June 30, 2023
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	41,563	$	82,477	$	58,398	$	15	$	182,453
Segment marketing expense	28,216		41,807		33,647		274		103,944
Segment profit (loss)	13,347		40,670		24,751		(259)		78,509
Cost of revenue									9,302
Brand and other marketing expense									12,121
General and administrative expense									29,160
Product development									10,601
Depreciation									4,684
Amortization of intangibles									1,982

Restructuring and severance									3,558
Litigation settlements and contingencies									488
Operating income									6,613
Interest expense, net									(6,940)
Other income									439
Income before income taxes									$	112


	Six Months Ended June 30, 2024
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	62,609	$	107,352	$	207,943	$	4	$	377,908
Segment marketing expense	43,710		53,000		138,129		59		234,898
Segment profit (loss)	18,899		54,352		69,814		(55)		143,010
Cost of revenue									16,956
Brand and other marketing expense									21,665
General and administrative expense									52,914
Product development									22,231
Depreciation									9,268
Amortization of intangibles									2,956


Restructuring and severance									225
Litigation settlements and contingencies									29
Operating income									16,766
Interest expense, net									(7,839)
Other income									2,086
Income before income taxes									$	11,013


	Six Months Ended June 30, 2023
	Home		Consumer		Insurance		Other		Total
	(in thousands)
Revenue	$	85,238	$	162,186	$	135,480	$	57	$	382,961
Segment marketing expense	56,783		86,640		80,577		495		224,495
Segment profit (loss)	28,455		75,546		54,903		(438)		158,466
Cost of revenue									23,062
Brand and other marketing expense									28,681
General and administrative expense									65,843
Product development									25,256
Depreciation									9,479
Amortization of intangibles									4,031

Restructuring and severance									8,012
Litigation settlements and contingencies									500
Operating loss									(6,398)
Interest income, net									18,089
Other income									2,273
Income before income taxes									$	13,964

REVENUE - Schedule of Disaggregation of Revenue (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Disaggregation of Revenue [Line Items]
Revenue	$ 210,140	$ 182,453	$ 377,908	$ 382,961
Other
Disaggregation of Revenue [Line Items]
Revenue	2	15	4	57
Home
Disaggregation of Revenue [Line Items]
Revenue	32,166	41,563	62,609	85,238
Personal loans
Disaggregation of Revenue [Line Items]
Revenue	26,936	28,137	47,063	51,736
Other Consumer
Disaggregation of Revenue [Line Items]
Revenue	28,965	54,340	60,289	110,450
Total Consumer
Disaggregation of Revenue [Line Items]
Revenue	55,901	82,477	107,352	162,186
Insurance
Disaggregation of Revenue [Line Items]
Revenue	$ 122,071	$ 58,398	$ 207,943	$ 135,480

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

- Definition

Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss).

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+ Details

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Tables)

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Accrued advertising expense	$	59,062	$	27,859
Accrued compensation and benefits	10,734		15,091
Accrued professional fees	2,065		1,101
Customer deposits and escrows	7,196		7,732

Current lease liabilities	6,115		7,387

Other	10,001		11,374
Total accrued expenses and other current liabilities	$	95,173	$	70,544

SHAREHOLDERS' EQUITY

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

SHAREHOLDERS' EQUITY

Basic and diluted income per share was determined based on the following share data (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023






Weighted average basic common shares	13,257	12,915	13,179	12,881
Effect of stock options	42	—	56	10
Effect of dilutive share awards	108	—	129	21

Weighted average diluted common shares	13,407	12,915	13,364	12,912

For the second quarter of 2024, the weighted average shares that were anti-dilutive, and therefore excluded from the calculation of diluted income per share, included options to purchase 1.0 million shares of common stock and 0.1 million restricted stock units. For the first six months of 2024, the weighted average shares that were anti-dilutive, and therefore excluded from the calculation of diluted income per share, included options to purchase 1.0 million shares of common stock and 0.1 million restricted stock units.

For the second quarter of 2023, the Company was in a net loss position and, as a result, no potentially dilutive securities were included in the denominator for computing diluted loss per share, because the impact would have been anti-dilutive. Accordingly, the weighted average basic shares outstanding was used to compute loss per share. For the second quarter of 2023, the weighted average shares that were anti-dilutive, and therefore excluded from the calculation of diluted income per share, included options to purchase 1.2 million shares of common stock and 0.6 million restricted stock units. For the first six months

of 2023, the weighted average shares that were anti-dilutive, and therefore excluded from the calculation of diluted income per share, included options to purchase 1.0 million shares of common stock and 0.5 million restricted stock units.

The convertible notes and the warrants issued by the Company could be converted into the Company’s common stock, subject to certain contingencies. See Note 12—Debt for additional information.

Approximately 0.6 million shares in the second quarter and first six months of 2024, and approximately 0.8 million and 1.2 million shares in the second quarter and first six months of 2023, respectively, associated with the 0.50% Convertible Senior Notes due July 15, 2025 were excluded from the calculation of diluted income (loss) per share because their inclusion would have been anti-dilutive. Shares of the Company's common stock associated with the warrants issued by the Company in 2020 were excluded from the calculation of diluted income (loss) per share for the second quarter and first six months of 2024 and the second quarter and first six months of 2023 as they were anti-dilutive since the strike price of the warrants was greater than the average market price of the Company's common stock during the relevant periods.

Common Stock Repurchases

The Company has a plan authorized for the repurchase of LendingTree's common stock. During the first six months of 2024 and 2023, the Company did not repurchase shares of its common stock. At June 30, 2024, approximately $96.7 million of the previous authorizations to repurchase common stock remain available.

INCOME TAXES - Schedule of Income Tax Benefit (Expense) and Effective Tax Rate (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense	$ (1,686)	$ (227)	$ (2,245)	$ (622)
Effective tax rate	17.90%	202.70%	20.40%	4.50%

- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

RESTRUCTURING ACTIVITIES

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING ACTIVITIES

During September 2023, the Company completed workforce reductions of 14 employees. The Company incurred approximately $0.9 million in severance charges in connection with the workforce reductions, consisting of cash expenditures for employee separation costs of approximately $0.7 million in the third quarter of 2023 and non-cash charges for the accelerated vesting of certain equity awards of approximately $0.2 million through the fourth quarter of 2023. The cash payments are expected to be substantially completed by the third quarter of 2024.

On April 6, 2023, the Company made the decision to close the Ovation credit services business ( the "Ovation Closure".) The Ovation Closure included the elimination of approximately 197 employees, or 18% of the Company's workforce. As a result of the Ovation Closure, the Company incurred $2.1 million in restructuring expense in connection with cash expenditures for employee separation costs. In connection with the Ovation Closure, in the first quarter of 2023, the Company recorded asset impairment charges of $4.2 million, of which $2.1 million related to intangible assets, $1.7 million related to property and equipment, and $0.4 million related to an operating lease right-of-use asset. The cash payments for the Ovation Closure were completed in the first quarter of 2024.

On March 24, 2023, the Company committed to a workforce reduction plan (the “Reduction Plan”), to reduce operating costs. The Reduction Plan included the elimination of approximately 162 employees, or 13% of the Company’s workforce. As a result of the Reduction Plan, the Company incurred approximately $5.3 million in severance charges in connection with the workforce reduction, consisting of cash expenditures for employee separation costs of approximately $4.3 million and non-cash charges for the accelerated vesting of certain equity awards of approximately $1.0 million.

The Company incurred restructuring expense of $4.3 million in the first quarter of 2023 and an additional $1.0 million of restructuring expense in the second quarter of 2023 related to the Reduction Plan. The Reduction Plan, including cash payments, is expected to be substantially completed by the end of the third quarter of 2024.


	Accrued Balance at December 31, 2023		Income Statement Impact		Payments		Accrued Balance at June 30, 2024
Q3 2023 action
Employee separation payments	$	254	$	(7)	$	(177)	$	70
Q2 2023 action
Employee separation payments	34		4		(38)		—
Q1 2023 action
Employee separation payments	421		16		(374)		63
	$	709	$	13	$	(589)	$	133

GOODWILL AND INTANGIBLE ASSETS - Narrative (Details) - USD ($)	3 Months Ended
	Sep. 30, 2023	Jun. 30, 2024	Dec. 31, 2023
Intangible assets with definite lives
Goodwill		$ 903,227,000	$ 903,227,000
Home
Intangible assets with definite lives
Goodwill		59,300,000	59,300,000
Goodwill impairment	$ 0
Consumer
Intangible assets with definite lives
Goodwill		166,100,000	166,100,000
Goodwill impairment	0
Insurance
Intangible assets with definite lives
Goodwill		$ 156,100,000	$ 156,100,000
Goodwill impairment	$ 38,600,000

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SUBSEQUENT EVENTS	6 Months Ended
SUBSEQUENT EVENTS	Jun. 30, 2024
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	SUBSEQUENT EVENTS In July 2024, the Company repurchased approximately $7.6 million in principal amount of its 2025 Notes, through individual privately-negotiated transactions with certain holders of the 2025 Notes, for $7.2 million in cash.

INCOME TAXES - Narrative (Details)	3 Months Ended		6 Months Ended
INCOME TAXES - Narrative (Details)	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Federal statutory income tax rate	21.00%	21.00%	21.00%	21.00%

RESTRUCTURING ACTIVITIES (Tables)

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule of Rollforward of Accrued Balance for Restructuring Activities


	Accrued Balance at December 31, 2023		Income Statement Impact		Payments		Accrued Balance at June 30, 2024
Q3 2023 action
Employee separation payments	$	254	$	(7)	$	(177)	$	70
Q2 2023 action
Employee separation payments	34		4		(38)		—
Q1 2023 action
Employee separation payments	421		16		(374)		63
	$	709	$	13	$	(589)	$	133

GOODWILL AND INTANGIBLE ASSETS

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

GOODWILL AND INTANGIBLE ASSETS

The balance of goodwill, net and intangible assets, net is as follows (in thousands):


	June 30, 2024		December 31, 2023
Goodwill	$	903,227	$	903,227
Accumulated impairment losses	(521,688)		(521,688)
Net goodwill	$	381,539	$	381,539

Intangible assets with indefinite lives	$	10,142	$	10,142
Intangible assets with definite lives, net	37,523		40,478
Total intangible assets, net	$	47,665	$	50,620

Goodwill and Indefinite-Lived Intangible Assets

The Company's goodwill at each of June 30, 2024 and December 31, 2023 consisted of $59.3 million associated with the Home segment, $166.1 million associated with the Consumer segment, and $156.1 million associated with the Insurance segment.

During the third quarter of 2023, the Company concluded that a triggering event had occurred related to its goodwill and an interim quantitative impairment test was performed as of September 30, 2023. During the third quarter of 2023, the Company’s market capitalization fell below its book value. Additionally, the Home reporting unit continued to struggle due to the effects of the significant increases in mortgage rates, low for-sale home inventories and the rise in home prices. The Insurance reporting unit continued to see pressure due to the consumer price inflation negatively impacting carrier underwriting. Upon completing a quantitative goodwill impairment test, the Company concluded that the carrying value of the Insurance reporting unit exceeded its fair value which resulted in a goodwill impairment charge of $38.6 million in the third quarter of 2023. The fair value of the Home and Consumer reporting units exceeded their carrying amounts, indicating no goodwill impairment. The Company will monitor the recovery of the Insurance reporting unit and Home reporting unit. Any changes in the timing of the recovery compared to current expectations could cause an impairment to the Insurance or Home reporting unit.

Intangible assets with indefinite lives relate to the Company's trademarks.

Intangible Assets with Definite Lives

Intangible assets with definite lives relate to the following (in thousands):


	Cost		Accumulated Amortization		Net

Customer lists	76,100		(38,577)		37,523


Balance at June 30, 2024	$	76,100	$	(38,577)	$	37,523


	Cost		Accumulated Amortization		Net

Customer lists	$	76,100	$	(35,644)	$	40,456
Trademarks and tradenames	1,300		(1,278)		22

Balance at December 31, 2023	$	77,400	$	(36,922)	$	40,478

Amortization of intangible assets with definite lives is computed on a straight-line basis and, based on balances as of June 30, 2024, future amortization is estimated to be as follows (in thousands):


	Amortization Expense
Remainder of current year	$	2,934
Year ending December 31, 2025	5,830
Year ending December 31, 2026	5,504
Year ending December 31, 2027	5,198
Year ending December 31, 2028	4,685
Thereafter	13,372
Total intangible assets with definite lives, net	$	37,523

DEBT (Table)

6 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Schedule of Component of the Notes


	June 30, 2024		December 31, 2023
Gross carrying amount	$	122,915	$	284,188
Debt issuance costs	678		2,321
Net carrying amount	$	122,237	$	281,867

Summary of Current and Long-Term Portion of Debt


	June 30, 2024
Current Portion
Gross carrying amount	$	12,500
Debt issuance costs	422
Unamortized original issue discount	308
Net carrying amount	$	11,770
Long-term Portion
Gross carrying amount	$	109,375
Debt issuance costs	3,691
Unamortized original issue discount	2,699
Net carrying amount	$	102,985

INCOME TAXES (Tables)

6 Months Ended

Jun. 30, 2024

Income Tax Disclosure [Abstract]

Schedule of Income Tax Benefit (Expense) and Effective Tax Rate


	Three Months Ended June 30,						Six Months Ended June 30,
	2024			2023			2024			2023
	(in thousands, except percentages)
Income tax expense	$	(1,686)		$	(227)		$	(2,245)		$	(622)
Effective tax rate	17.9		%	202.7		%	20.4		%	4.5		%

EQUITY INVESTMENT (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
EQUITY INVESTMENT (Details) - USD ($) $ in Thousands	Sep. 30, 2023	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Investments, Debt and Equity Securities [Abstract]
Loss on impairment of investments	$ 113,100	$ 1,400	$ 0	$ 1,440

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Statement of Financial Position [Abstract]
Allowance for credit loss	$ 1,930	$ 2,222
Accumulated depreciation	$ 35,832	$ 36,827
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	16,695,394	16,396,911
Common stock, shares outstanding	13,339,928	13,041,445
Treasury stock, shares	3,355,466	3,355,466

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023
Cash flows from operating activities:
Net income and comprehensive income	$ 8,768	$ 13,342
Adjustments to reconcile net income to net cash provided by operating activities:
Loss on impairments and disposal of assets	781	5,167
Amortization of intangibles	2,956	4,031
Depreciation	9,268	9,479
Non-cash compensation expense	15,226	21,473
Deferred income taxes	1,004	586
Bad debt expense	(56)	1,894
Amortization of debt issuance costs	1,270	1,698
Amortization of debt discount	118	0
Reduction in carrying amount of ROU asset, offset by change in operating lease liabilities	(1,854)	(1,923)
Gain on settlement of convertible debt	(8,619)	(30,897)
Loss on impairment of investments	0	1,440
Changes in current assets and liabilities:
Accounts receivable	(52,701)	6,809
Prepaid and other current assets	(1,824)	280
Accounts payable, accrued expenses and other current liabilities	26,383	(4,337)
Income taxes	154	(227)
Other, net	(109)	(591)
Net cash provided by operating activities	765	28,224
Cash flows from investing activities:
Capital expenditures	(5,476)	(4,853)
Other	2	0
Net cash used in investing activities	(5,474)	(4,853)
Cash flows from financing activities:
Repayment of term loan	(4,375)	(1,250)
Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise of stock options	(2,306)	(1,042)
Repurchase of 0.50% Convertible Senior Notes	(151,687)	(156,294)
Net proceeds from term loan	125,000	0
Payment of debt costs	(4,085)	(1,079)
Payment of original issue discount	(3,125)	0
Net cash used in financing activities	(40,578)	(159,665)
Net decrease in cash, cash equivalents, restricted cash and restricted cash equivalents	(45,287)	(136,294)
Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period	112,056	298,969
Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period	$ 66,769	$ 162,675

CASH AND RESTRICTED CASH

6 Months Ended

Jun. 30, 2024

Cash and Cash Equivalents [Abstract]

CASH AND RESTRICTED CASH

Total cash, cash equivalents, restricted cash and restricted cash equivalents consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Cash and cash equivalents	$	66,769	$	112,051
Restricted cash and cash equivalents	—		5
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$	66,769	$	112,056

Pay vs Performance Disclosure - USD ($) $ in Thousands	3 Months Ended				6 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Thousands	Jun. 30, 2024	Mar. 31, 2024	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2024	Jun. 30, 2023
Pay vs Performance Disclosure
Net income and comprehensive income	$ 7,752	$ 1,016	$ (115)	$ 13,457	$ 8,768	$ 13,342

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 250
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-Name Accounting Standards Codification
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-URI https://asc.fasb.org/1943274/2147483443/250-10-50-6

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
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Reference 3: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

SHAREHOLDERS' EQUITY (Tables)

6 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Basic and Diluted Income per Share

Basic and diluted income per share was determined based on the following share data (in thousands):


	Three Months Ended June 30,		Six Months Ended June 30,
	2024	2023	2024	2023






Weighted average basic common shares	13,257	12,915	13,179	12,881
Effect of stock options	42	—	56	10
Effect of dilutive share awards	108	—	129	21

Weighted average diluted common shares	13,407	12,915	13,364	12,912

ALLOWANCE FOR DOUBTFUL ACCOUNTS (Details) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Balance, beginning of the period	$ 2,026	$ 2,688	$ 2,222	$ 2,317
Charges to earnings	73	931	(56)	1,894
Write-off of uncollectible accounts receivable	(169)	(1,010)	(236)	(1,973)
Assets held for sale	0	0	0	371
Balance, end of the period	$ 1,930	$ 2,609	$ 1,930	$ 2,609

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

6 Months Ended

Jun. 30, 2024

Payables and Accruals [Abstract]

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES

Accrued expenses and other current liabilities consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Accrued advertising expense	$	59,062	$	27,859
Accrued compensation and benefits	10,734		15,091
Accrued professional fees	2,065		1,101
Customer deposits and escrows	7,196		7,732

Current lease liabilities	6,115		7,387

Other	10,001		11,374
Total accrued expenses and other current liabilities	$	95,173	$	70,544

DEBT - Convertible Senior Notes Narrative (Details)		3 Months Ended	6 Months Ended		12 Months Ended
DEBT - Convertible Senior Notes Narrative (Details)	Jul. 24, 2020 USD ($) day $ / shares Rate shares	Jun. 30, 2024 USD ($) Rate	Jun. 30, 2024 USD ($) Rate	Jun. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Mar. 31, 2023 USD ($)
Debt Instrument [Line Items]
Gain on extinguishment of debt			$ 8,619,000	$ 30,897,000
Amortization of debt issuance costs			$ 1,270,000	1,698,000
2025 Convertible Notes
Debt Instrument [Line Items]
Stated interest rate \| Rate		0.50%	0.50%
Initial conversion rate, shares per $1,000 principal amount of notes \| shares	2.1683
Initial conversion price per share (in dollars per share) \| $ / shares	$ 461.19
Debt repurchase amount		$ 161,300,000	$ 161,300,000		$ 100,200,000	$ 190,600,000
Fair value of debt repurchased		151,700,000	151,700,000		81,200,000	156,300,000
Debt repurchased amount, accrued interest		300,000	300,000		200,000	$ 100,000
Gain on extinguishment of debt		9,600,000			53,300,000
Write-off of previously-capitalized debt issuance costs		$ 1,000,000			3,200,000
Debt prepayment costs					$ 1,600,000
Threshold trading days \| day	20
Threshold consecutive trading days \| day	30
Conversion rate, sales price of common stock as a percentage of the conversion price \| Rate	130.00%
Interest expense			1,300,000	2,300,000
Interest expense recognized associated with the coupon rate			$ 600,000	$ 1,100,000
Annual interest rate on convertible senior notes		0.50%	0.50%	0.50%
Amortization of debt issuance costs			$ 700,000	$ 1,200,000
2025 Convertible Notes \| Convertible Debt
Debt Instrument [Line Items]
Aggregate principal amount	$ 575,000,000
Stated interest rate	0.50%	0.50%	0.50%
Fair value		$ 113,700,000	$ 113,700,000

FAIR VALUE MEASUREMENTS	6 Months Ended
FAIR VALUE MEASUREMENTS	Jun. 30, 2024
Fair Value Disclosures [Abstract]
FAIR VALUE MEASUREMENTS	FAIR VALUE MEASUREMENTS Other than the convertible notes and warrants, as well as the equity interests, the carrying amounts of the Company's financial instruments are equal to fair value at June 30, 2024. See Note 12—Debt for additional information on the convertible notes and warrants.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 107
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+ Details

STOCK-BASED COMPENSATION - Schedule of Stock Options and Stock Options with Market Conditions (Details) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2024 USD ($) $ / shares shares
Stock options, Grant Date Fair Value Valuation
Share price (in dollars per share) \| $ / shares	$ 41.59
Option
Stock options, Shares
Outstanding at the beginning of the period (in shares)	734,775
Granted (in shares)	0
Exercised (in shares)	(257,155)
Forfeited (in shares)	0
Expired (in shares)	(20,155)
Outstanding at the end of the period (in shares)	457,465
Options exercisable at the end of the period (in shares)	368,235
Stock options, Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 150.74
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	26.00
Forfeited (in dollars per share) \| $ / shares	0
Expired (in dollars per share) \| $ / shares	169.01
Outstanding at the end of the period (in dollars per share) \| $ / shares	220.05
Options exercisable at the end of the period (in dollars per share) \| $ / shares	$ 214.00
Stock options, Weighted Average Remaining Contractual Term
Options outstanding at the end of the period (in years)	5 years 1 month 24 days
Options exercisable at the end of the period (in years)	4 years 9 months
Stock options, Aggregate Intrinsic Value
Outstanding at the end of the period \| $	$ 0
Options exercisable at the end of the period \| $	$ 0
Market options
Stock options, Shares
Outstanding at the beginning of the period (in shares)	718,438
Granted (in shares)	0
Exercised (in shares)	0
Forfeited (in shares)	0
Expired (in shares)	(19,126)
Outstanding at the end of the period (in shares)	699,312
Options exercisable at the end of the period (in shares)	481,669
Stock options, Weighted Average Exercise Price
Outstanding at the beginning of the period (in dollars per share) \| $ / shares	$ 229.02
Granted (in dollars per share) \| $ / shares	0
Exercised (in dollars per share) \| $ / shares	0
Forfeited (in dollars per share) \| $ / shares	0
Expired (in dollars per share) \| $ / shares	275.82
Outstanding at the end of the period (in dollars per share) \| $ / shares	227.74
Options exercisable at the end of the period (in dollars per share) \| $ / shares	$ 195.10
Stock options, Weighted Average Remaining Contractual Term
Options outstanding at the end of the period (in years)	4 years 1 month 20 days
Options exercisable at the end of the period (in years)	3 years 1 month 6 days
Stock options, Aggregate Intrinsic Value
Outstanding at the end of the period \| $	$ 0
Options exercisable at the end of the period \| $	$ 0
Stock options, Grant Date Fair Value Valuation
Maximum number of shared to be earned	363,464
Percentage of target number of shares	167.00%
Performance awards earned (in shares)	0

GOODWILL AND INTANGIBLE ASSETS (Tables)

6 Months Ended

Jun. 30, 2024

Goodwill and Intangible Assets Disclosure [Abstract]

Schedule of Balance of Goodwill, Net and Intangible Assets, Net

The balance of goodwill, net and intangible assets, net is as follows (in thousands):


	June 30, 2024		December 31, 2023
Goodwill	$	903,227	$	903,227
Accumulated impairment losses	(521,688)		(521,688)
Net goodwill	$	381,539	$	381,539

Intangible assets with indefinite lives	$	10,142	$	10,142
Intangible assets with definite lives, net	37,523		40,478
Total intangible assets, net	$	47,665	$	50,620

Schedule of Intangible Assets with Definite Lives

Intangible assets with definite lives relate to the following (in thousands):


	Cost		Accumulated Amortization		Net

Customer lists	76,100		(38,577)		37,523


Balance at June 30, 2024	$	76,100	$	(38,577)	$	37,523


	Cost		Accumulated Amortization		Net

Customer lists	$	76,100	$	(35,644)	$	40,456
Trademarks and tradenames	1,300		(1,278)		22

Balance at December 31, 2023	$	77,400	$	(36,922)	$	40,478

Schedule of Amortization of Intangible Assets with Definite Lives


	Amortization Expense
Remainder of current year	$	2,934
Year ending December 31, 2025	5,830
Year ending December 31, 2026	5,504
Year ending December 31, 2027	5,198
Year ending December 31, 2028	4,685
Thereafter	13,372
Total intangible assets with definite lives, net	$	37,523

GOODWILL AND INTANGIBLE ASSETS - Schedule of Balance of Goodwill, Net and Intangible Assets, Net (Details ) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill	$ 903,227	$ 903,227
Accumulated impairment losses	(521,688)	(521,688)
Net goodwill	381,539	381,539
Intangible assets with indefinite lives	10,142	10,142
Intangible assets with definite lives, net	37,523	40,478
Total intangible assets, net	$ 47,665	$ 50,620

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

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Reference 1: http://www.xbrl.org/2003/role/exampleRef
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+ Details

CASH AND RESTRICTED CASH (Tables)

6 Months Ended

Jun. 30, 2024

Cash and Cash Equivalents [Abstract]

Schedule of Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents

Total cash, cash equivalents, restricted cash and restricted cash equivalents consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Cash and cash equivalents	$	66,769	$	112,051
Restricted cash and cash equivalents	—		5
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$	66,769	$	112,056

Schedule of Cash and Cash Equivalents

Total cash, cash equivalents, restricted cash and restricted cash equivalents consist of the following (in thousands):


	June 30, 2024		December 31, 2023
Cash and cash equivalents	$	66,769	$	112,051
Restricted cash and cash equivalents	—		5
Total cash, cash equivalents, restricted cash and restricted cash equivalents	$	66,769	$	112,056

ORGANIZATION	6 Months Ended
ORGANIZATION	Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION	ORGANIZATION Company Overview LendingTree, Inc. is the parent of LT Intermediate Company, LLC, which holds all of the outstanding ownership interests of LendingTree, LLC, and LendingTree, LLC owns several companies (collectively, “LendingTree” or the “Company”). LendingTree operates what it believes to be the leading online consumer platform that connects consumers with the choices they need to be confident in their financial decisions. The Company offers consumers tools and resources, including free credit scores, that facilitate comparison-shopping for mortgage loans, home equity loans and lines of credit, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans, insurance quotes, sales of insurance policies, and other related offerings. The Company primarily seeks to match in-market consumers with multiple providers on its marketplace who can provide them with competing quotes for loans, deposit products, insurance, or other related offerings they are seeking. The Company also serves as a valued partner to lenders and other providers seeking an efficient, scalable, and flexible source of customer acquisition with directly measurable benefits, by matching the consumer inquiries it generates with these providers. The consolidated financial statements include the accounts of LendingTree and all its wholly-owned entities. Intercompany transactions and accounts have been eliminated. Basis of Presentation The accompanying unaudited interim consolidated financial statements as of June 30, 2024 and for the three and six months ended June 30, 2024 and 2023, respectively, have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). In the opinion of management, the unaudited interim consolidated financial statements have been prepared on the same basis as the audited financial statements, and include all adjustments, consisting only of normal recurring adjustments, necessary for the fair statement of the Company's financial position for the periods presented. The results for the three and six months ended June 30, 2024 are not necessarily indicative of the results to be expected for the year ending December 31, 2024, or any other period. The accompanying consolidated balance sheet as of December 31, 2023 was derived from audited financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 2023 (the “2023 Annual Report”). The accompanying consolidated financial statements do not include all of the information and footnotes required by GAAP for annual financial statements. Accordingly, they should be read in conjunction with the audited financial statements and notes thereto included in the 2023 Annual Report.

STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Non-cash Compensation Related to Equity Awards

Non-cash compensation related to equity awards is included in the following line items in the accompanying consolidated statements of operations and comprehensive income (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenue	$	74	$	31	$	169	$	245
Selling and marketing expense	829		1,336		1,853		3,080
General and administrative expense	5,440		6,550		10,773		13,893
Product development	1,094		1,287		2,431		3,189
Restructuring and severance	—		995		—		1,066
Total non-cash compensation	$	7,437	$	10,199	$	15,226	$	21,473

Schedule of Changes in Outstanding Stock Options

A summary of changes in outstanding stock options is as follows:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value(a)
		(per option)		(in years)	(in thousands)
Options outstanding at January 1, 2024	734,775	$	150.74
Granted	—	—
Exercised	(257,155)	26.00
Forfeited	—	—
Expired	(20,155)	169.01
Options outstanding at June 30, 2024	457,465	220.05		5.15	$	—
Options exercisable at June 30, 2024	368,235	$	214.00	4.75	$	—

(a)The aggregate intrinsic value represents the total pre-tax intrinsic value (the difference between the Company's closing stock price of $41.59 on the last trading day of the quarter ended June 30, 2024 and the exercise price, multiplied by the number of shares covered by in-the-money options) that would have been received by the option holder had the

option holder exercised these options on June 30, 2024. The intrinsic value changes based on the market value of the Company's common stock.

Schedule of Changes in Outstanding Stock Options with Market Conditions

A summary of changes in outstanding stock options with market conditions at target is as follows:


	Number of Options with Market Conditions	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value(a)
		(per option)		(in years)	(in thousands)
Options outstanding at January 1, 2024	718,438	$	229.02
Granted	—	—
Exercised	—	—
Forfeited	—	—
Expired	(19,126)	275.82
Options outstanding at June 30, 2024	699,312	227.74		4.14	$	—
Options exercisable at June 30, 2024	481,669	$	195.10	3.10	$	—

Schedule of Changes in Outstanding Nonvested Restricted Stock Units and Restricted Stock Units With Market Conditions

A summary of changes in outstanding nonvested restricted stock units (“RSUs”) is as follows:


	RSUs
	Number of Units	Weighted Average Grant Date Fair Value
		(per unit)
Nonvested at January 1, 2024	471,593	$	66.42
Granted	404,965	40.57
Vested	(232,197)	70.71
Forfeited	(26,306)	54.79
Nonvested at June 30, 2024	618,055	$	48.36

A summary of changes in outstanding nonvested RSUs with performance conditions is as follows:


	RSUs with Market Conditions
	Number of Units	Weighted Average Grant Date Fair Value
		(per unit)
Nonvested at January 1, 2024	—	$	—
Granted	69,000	35.83
Vested	(11,500)	38.25
Forfeited	—	—
Nonvested at June 30, 2024	57,500	$	35.35

(a)During the six months ended June 30, 2024, the Company granted RSUs with market conditions that will vest if the Company's 45 trading day average closing stock prices equals or exceeds certain price hurdles ($41.17, $52.94 and $64.70) during the performance period of March 1, 2024 to March 1, 2028. Upon achievement of each price hurdle, one-half of the awards will vest immediately, and the other half of the awards will vest on the first anniversary of the achievement date.

Schedule of RSUs with Market Conditions Valuation Assumptions

For purposes of determining stock-based compensation expense, the weighted average grant date fair value per share of the RSUs with market conditions was estimated using the Monte Carlo simulation model, which requires the use of various key assumptions.


Expected term (1)	5.00 years
Expected volatility (2)	68.06	%
Risk-free interest rate (3)	4.13	%
Expected dividend (4)	—

(1)The expected term of RSUs with market conditions granted was calculated using a four-year performance period plus one year to account for the time-based vesting requirement.

(2)The expected volatility rate is based on the historical volatility of the Company's common stock.

(3)The risk-free interest rate is specific to the date of grant. The risk-free interest rate is based on U.S. Treasury yields for notes with comparable expected terms as the awards, in effect at the grant date.

(4)For all RSUs with market conditions granted, no dividends are expected to be paid over the contractual term of the stock options, resulting in a zero expected dividend rate.

Schedule of Employee Stock Purchase Plan Valuation Assumptions

For purposes of determining stock-based compensation expense, the grant date fair value per share estimated using the Black-Scholes option pricing model required the use of the following key assumptions:


	Six Months Ended June 30,
	2024		2023
Expected term (1)	0.50 years		0.50 years
Expected dividend (2)	—		—
Expected volatility (3)	82	%	82	%
Risk-free interest rate (4)	5.28	%	4.76	%

(1)The expected term was calculated using the time period between the grant date and the purchase date.

(2)No dividends are expected to be paid, resulting in a zero expected dividend rate.

(3)The expected volatility rate is based on the historical volatility of the Company's common stock.

(4)The risk-free interest rate is specific to the date of grant. The risk-free interest rate is based on U.S. Treasury yields for notes with comparable expected terms as the employee stock purchase rights, in effect at the grant date.

STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

Non-cash compensation related to equity awards is included in the following line items in the accompanying consolidated statements of operations and comprehensive income (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Cost of revenue	$	74	$	31	$	169	$	245
Selling and marketing expense	829		1,336		1,853		3,080
General and administrative expense	5,440		6,550		10,773		13,893
Product development	1,094		1,287		2,431		3,189
Restructuring and severance	—		995		—		1,066
Total non-cash compensation	$	7,437	$	10,199	$	15,226	$	21,473

Stock Options

A summary of changes in outstanding stock options is as follows:


	Number of Options	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value(a)
		(per option)		(in years)	(in thousands)
Options outstanding at January 1, 2024	734,775	$	150.74
Granted	—	—
Exercised	(257,155)	26.00
Forfeited	—	—
Expired	(20,155)	169.01
Options outstanding at June 30, 2024	457,465	220.05		5.15	$	—
Options exercisable at June 30, 2024	368,235	$	214.00	4.75	$	—

option holder exercised these options on June 30, 2024. The intrinsic value changes based on the market value of the Company's common stock.

Stock Options with Market Conditions

A summary of changes in outstanding stock options with market conditions at target is as follows:


	Number of Options with Market Conditions	Weighted Average Exercise Price		Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value(a)
		(per option)		(in years)	(in thousands)
Options outstanding at January 1, 2024	718,438	$	229.02
Granted	—	—
Exercised	—	—
Forfeited	—	—
Expired	(19,126)	275.82
Options outstanding at June 30, 2024	699,312	227.74		4.14	$	—
Options exercisable at June 30, 2024	481,669	$	195.10	3.10	$	—

As of June 30, 2024, a maximum of 363,464 shares may be earned for achieving superior performance up to 167% of the remaining unvested target number of shares. As of June 30, 2024, no additional performance-based nonqualified stock options with a market condition had been earned.

Restricted Stock Units

A summary of changes in outstanding nonvested restricted stock units (“RSUs”) is as follows:


	RSUs
	Number of Units	Weighted Average Grant Date Fair Value
		(per unit)
Nonvested at January 1, 2024	471,593	$	66.42
Granted	404,965	40.57
Vested	(232,197)	70.71
Forfeited	(26,306)	54.79
Nonvested at June 30, 2024	618,055	$	48.36

Restricted Stock Units with Market Conditions

A summary of changes in outstanding nonvested RSUs with performance conditions is as follows:


	RSUs with Market Conditions
	Number of Units	Weighted Average Grant Date Fair Value
		(per unit)
Nonvested at January 1, 2024	—	$	—
Granted	69,000	35.83
Vested	(11,500)	38.25
Forfeited	—	—
Nonvested at June 30, 2024	57,500	$	35.35


Expected term (1)	5.00 years
Expected volatility (2)	68.06	%
Risk-free interest rate (3)	4.13	%
Expected dividend (4)	—

(1)The expected term of RSUs with market conditions granted was calculated using a four-year performance period plus one year to account for the time-based vesting requirement.

(2)The expected volatility rate is based on the historical volatility of the Company's common stock.

(4)For all RSUs with market conditions granted, no dividends are expected to be paid over the contractual term of the stock options, resulting in a zero expected dividend rate.

Employee Stock Purchase Plan

In 2021, the Company implemented an employee stock purchase plan (“ESPP”), under which a total of 262,731 shares of the Company's common stock were reserved for issuance. As of June 30, 2024, 134,412 shares of common stock were available for issuance under the ESPP. The ESPP is a tax-qualified plan under Section 423 of the Internal Revenue Code. Under the terms of the ESPP, eligible employees are granted options to purchase shares of the Company's common stock at 85% of the lesser of (1) the fair market value at time of grant or (2) the fair market value at time of exercise. The offering periods and purchase periods are typically six-month periods ending on June 30 and December 31 of each year. During the six months ended June 30, 2024, 27,852 shares were issued under the ESPP.

During the six months ended June 30, 2024 and 2023, the Company granted employee stock purchase rights to certain employees with a grant date fair value per share of $11.27 and $8.19, respectively, calculated using the Black-Scholes option pricing model. For purposes of determining stock-based compensation expense, the grant date fair value per share estimated using the Black-Scholes option pricing model required the use of the following key assumptions:


	Six Months Ended June 30,
	2024		2023
Expected term (1)	0.50 years		0.50 years
Expected dividend (2)	—		—
Expected volatility (3)	82	%	82	%
Risk-free interest rate (4)	5.28	%	4.76	%

(1)The expected term was calculated using the time period between the grant date and the purchase date.

(2)No dividends are expected to be paid, resulting in a zero expected dividend rate.

(3)The expected volatility rate is based on the historical volatility of the Company's common stock.

RESTRUCTURING ACTIVITIES (Details) $ in Thousands			1 Months Ended	3 Months Ended					6 Months Ended		12 Months Ended	18 Months Ended
RESTRUCTURING ACTIVITIES (Details) $ in Thousands	Apr. 06, 2023 USD ($) employee	Mar. 24, 2023 USD ($) employee	Sep. 30, 2023 employee	Jun. 30, 2024 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2023 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2023 USD ($)	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Mar. 31, 2024	Sep. 30, 2024
Restructuring Cost and Reserve [Line Items]
Restructuring and severance				$ 202			$ 3,558		$ 225	$ 8,012
Restructuring Reserve [Roll Forward]
Income Statement Impact				202			3,558		225	$ 8,012
2023 Reduction Action
Restructuring Cost and Reserve [Line Items]
Restructuring and severance									13
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period									709
Income Statement Impact									13
Payments									(589)
Accrued Balance at end of period				133	$ 709				133
Q3 2023 action
Restructuring Cost and Reserve [Line Items]
Number of employee positions estimated to be eliminated in workforce reduction \| employee			14
Restructuring and severance						$ 900
Restructuring Reserve [Roll Forward]
Income Statement Impact						900
Q2 2023 action
Restructuring Cost and Reserve [Line Items]
Number of employee positions estimated to be eliminated in workforce reduction \| employee	197
Restructuring and severance	$ 2,100
Percentage of workforce eliminated											18.00%
Asset impairment charges								$ 4,200
Intangible asset impairment charges								2,100
Property and equipment impairment charges								1,700
Operating lease right-of-use asset impairment charges								400
Restructuring Reserve [Roll Forward]
Income Statement Impact	$ 2,100
Q1 2023 action
Restructuring Cost and Reserve [Line Items]
Number of employee positions estimated to be eliminated in workforce reduction \| employee		162
Restructuring and severance		$ 5,300					1,000	4,300
Restructuring Reserve [Roll Forward]
Income Statement Impact		5,300					$ 1,000	$ 4,300
Q1 2023 action \| Forecast
Restructuring Cost and Reserve [Line Items]
Percentage of workforce eliminated												13.00%
Employee separation payments \| Q3 2023 action
Restructuring Cost and Reserve [Line Items]
Restructuring and severance						700			(7)
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period									254
Income Statement Impact						$ 700			(7)
Payments									(177)
Accrued Balance at end of period				70	254				70
Employee separation payments \| Q2 2023 action
Restructuring Cost and Reserve [Line Items]
Restructuring and severance									4
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period									34
Income Statement Impact									4
Payments									(38)
Accrued Balance at end of period				0	34				0
Employee separation payments \| Q1 2023 action
Restructuring Cost and Reserve [Line Items]
Restructuring and severance		4,300							16
Restructuring Reserve [Roll Forward]
Accrued Balance at beginning of period									421
Income Statement Impact		4,300							16
Payments									(374)
Accrued Balance at end of period				$ 63	421				$ 63
Non-Cash Compensation \| Q3 2023 action
Restructuring Cost and Reserve [Line Items]
Restructuring and severance					200
Restructuring Reserve [Roll Forward]
Income Statement Impact					$ 200
Non-Cash Compensation \| Q1 2023 action
Restructuring Cost and Reserve [Line Items]
Restructuring and severance		1,000
Restructuring Reserve [Roll Forward]
Income Statement Impact		$ 1,000

DEBT - Convertible Note Hedge and Warrant Transactions (Details) - $ / shares shares in Millions	Jun. 30, 2024	Jul. 24, 2020	Jul. 21, 2020
Debt Instrument [Line Items]
Share price (in dollars per share)	$ 41.59
2020 Hedge and Warrants
Debt Instrument [Line Items]
Number of shares covered by the hedge transactions	0.3	1.2
Initial conversion price per share (in dollars per share)		$ 461.19
Strike price of warrants sold (in dollars per share)		$ 709.52
Premium of warrant strike price over sales price of common stock		100.00%
Share price (in dollars per share)			$ 354.76
Warrants outstanding (in shares)	0.3

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

+ Details

ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Accrued expenses and other current liabilities
Accrued advertising expense	$ 59,062	$ 27,859
Accrued compensation and benefits	10,734	15,091
Accrued professional fees	2,065	1,101
Customer deposits and escrows	7,196	7,732
Current lease liabilities	6,115	7,387
Other	10,001	11,374
Total accrued expenses and other current liabilities	$ 95,173	$ 70,544

REVENUE - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
REVENUE - Narrative (Details) - USD ($) $ in Millions	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2023	Dec. 31, 2023
Revenue from Contract with Customer [Abstract]
Contract asset	$ 16.7			$ 13.7
Revenue recognized from prior period		$ 0.1	$ 0.9
Estimated variable consideration, increase (decrease) in revenue	$ 0.2	$ (0.9)

REVENUE (Tables)

6 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue

Revenue is as follows (in thousands):


	Three Months Ended June 30,				Six Months Ended June 30,
	2024		2023		2024		2023
Home	$	32,166	$	41,563	$	62,609	$	85,238
Personal loans	26,936		28,137		47,063		51,736
Other Consumer	28,965		54,340		60,289		110,450
Total Consumer	55,901		82,477		107,352		162,186
Insurance	122,071		58,398		207,943		135,480
Other	2		15		4		57
Total revenue	$	210,140	$	182,453	$	377,908	$	382,961

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Income Statement [Abstract]
Revenue	$ 210,140	$ 182,453	$ 377,908	$ 382,961
Costs and expenses:
Cost of revenue (exclusive of depreciation and amortization shown separately below)	8,411	9,302	16,956	23,062
Selling and marketing expense	148,387	116,065	256,563	253,176
General and administrative expense	27,118	29,160	52,914	65,843
Product development	10,374	10,601	22,231	25,256
Depreciation	4,601	4,684	9,268	9,479
Amortization of intangibles	1,467	1,982	2,956	4,031
Restructuring and severance	202	3,558	225	8,012
Litigation settlements and contingencies	(7)	488	29	500
Total costs and expenses	200,553	175,840	361,142	389,359
Operating income (loss)	9,587	6,613	16,766	(6,398)
Other income (expense), net:
Interest (expense) income, net	(1,201)	(6,940)	(7,839)	18,089
Other income	1,052	439	2,086	2,273
Income before income taxes	9,438	112	11,013	13,964
Income tax expense	(1,686)	(227)	(2,245)	(622)
Net loss	7,752	(115)	8,768	13,342
Comprehensive loss	$ 7,752	$ (115)	$ 8,768	$ 13,342
Weighted average shares outstanding:
Basic (in shares)	13,257	12,915	13,179	12,881
Diluted (in shares)	13,407	12,915	13,364	12,912
Net income (loss) per share:
Basic (in dollars per share)	$ 0.58	$ (0.01)	$ 0.67	$ 1.04
Diluted (in dollars per share)	$ 0.58	$ (0.01)	$ 0.66	$ 1.03

GOODWILL AND INTANGIBLE ASSETS - Schedule of Intangible Assets with Definite Lives (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023
Intangible assets with definite lives
Cost	$ 76,100	$ 77,400
Accumulated Amortization	(38,577)	(36,922)
Total intangible assets with definite lives, net	37,523	40,478
Customer lists
Intangible assets with definite lives
Cost	76,100	76,100
Accumulated Amortization	(38,577)	(35,644)
Total intangible assets with definite lives, net	$ 37,523	40,456
Trademarks and tradenames
Intangible assets with definite lives
Cost		1,300
Accumulated Amortization		(1,278)
Total intangible assets with definite lives, net		$ 22

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References + Details

SEGMENT INFORMATION (Details) $ in Thousands	3 Months Ended		6 Months Ended
SEGMENT INFORMATION (Details) $ in Thousands	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2024 USD ($) segment	Jun. 30, 2023 USD ($)
Segment Information
Number of operating segments \| segment			3
Number of reportable segments \| segment			3
Revenue	$ 210,140	$ 182,453	$ 377,908	$ 382,961
Segment marketing expense	137,652	103,944	234,898	224,495
Segment profit (loss)	72,488	78,509	143,010	158,466
Cost of revenue	8,411	9,302
Brand and other marketing expense	10,735	12,121	21,665	28,681
General and administrative expense	27,118	29,160	52,914	65,843
Product development	10,374	10,601	22,231	25,256
Depreciation	4,601	4,684	9,268	9,479
Amortization of intangibles	1,467	1,982	2,956	4,031
Restructuring and severance	202	3,558	225	8,012
Litigation settlements and contingencies	(7)	488	29	500
Operating income (loss)	9,587	6,613	16,766	(6,398)
Interest (expense) income, net	(1,201)	(6,940)	(7,839)	18,089
Other income (expense)	1,052	439	2,086	2,273
Income before income taxes	9,438	112	11,013	13,964
Home
Segment Information
Revenue	32,166	41,563	62,609	85,238
Segment marketing expense	22,877	28,216	43,710	56,783
Segment profit (loss)	9,289	13,347	18,899	28,455
Consumer
Segment Information
Revenue	55,901	82,477	107,352	162,186
Segment marketing expense	28,989	41,807	53,000	86,640
Segment profit (loss)	26,912	40,670	54,352	75,546
Insurance
Segment Information
Revenue	122,071	58,398	207,943	135,480
Segment marketing expense	85,706	33,647	138,129	80,577
Segment profit (loss)	36,365	24,751	69,814	54,903
Other
Segment Information
Revenue	2	15	4	57
Segment marketing expense	80	274	59	495
Segment profit (loss)	$ (78)	$ (259)	$ (55)	$ (438)

STOCK-BASED COMPENSATION - Schedule of RSUs with Market Conditions Valuation Assumptions (Details) - Market-Based Restricted Stock Units	6 Months Ended
	Jun. 30, 2024
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expected term (in years)	5 years
Expected volatility	68.06%
Risk-free interest rate	4.13%
Expected dividend	0.00%
Performance period (in years)	4 years
Time-based vesting requirement (in years)	1 year

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 35
-Paragraph 1D
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+ Details

STOCK-BASED COMPENSATION - Schedule of Non-cash Compensation Related to Equity Awards (Details ) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Jun. 30, 2024	Jun. 30, 2023
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total non-cash compensation	$ 7,437	$ 10,199	$ 15,226	$ 21,473
Cost of revenue
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total non-cash compensation	74	31	169	245
Selling and marketing expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total non-cash compensation	829	1,336	1,853	3,080
General and administrative expense
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total non-cash compensation	5,440	6,550	10,773	13,893
Product development
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total non-cash compensation	1,094	1,287	2,431	3,189
Restructuring and severance
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Total non-cash compensation	$ 0	$ 995	$ 0	$ 1,066