LendingTree (TREE) 8-K Regulation FD Disclosure

Exhibit 99.1

LendingTree Segment Results
(In millions)
	Three Months Ended												Twelve Months Ended
	March 31, 2017			June 30, 2017			September 30, 2017			December 31, 2017			December 31, 2017
Home(1)
Revenue	$	75.5		$	87.6		$	92.5		$	84.7		$	340.4
Segment profit	$	30.3		$	34.9		$	39.8		$	31.3		$	136.2
Segment profit % of revenue	40		%	40		%	43		%	37		%	40		%
Consumer(2)
Revenue	$	56.9		$	65.0		$	78.6		$	75.7		$	276.1
Segment profit	$	22.0		$	25.6		$	34.3		$	33.8		$	115.7
Segment profit % of revenue	39		%	39		%	44		%	45		%	42		%
Insurance(3)
Revenue	$	—		$	—		$	—		$	0.1		$	0.1
Segment profit	$	—		$	—		$	—		$	0.1		$	0.1
Segment profit % of revenue	—		%	—		%	—		%	—		%	—		%
Other Category(4)
Revenue	$	0.1		$	0.1		$	0.4		$	0.5		$	1.1
Profit	$	(0.1	)	$	(0.2	)	$	(0.1	)	$	(0.2	)	$	(0.6	)
Total revenue	$	132.5		$	152.8		$	171.5		$	161.0		$	617.7
Total segment profit	$	52.2		$	60.3		$	74.0		$	65.0		$	251.4
Brand marketing expense(5)	$	(8.7	)	$	(12.0	)	$	(14.9	)	$	(8.9	)	$	(44.4	)
Variable marketing margin (6)	$	43.5		$	48.3		$	59.1		$	56.1		$	207.0
Variable marketing margin % of revenue (6)	33		%	32		%	34		%	35		%	34		%

(1)	The Home segment includes the following products: purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate.
(2)	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.
(3)	The Insurance segment consists of insurance quote products.
(4)	The Other category includes revenue from the resale of online advertising space to third parties and revenue from home improvement referrals, and the related variable marketing and advertising expenses.
(5)	Brand marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses that are not assignable to the segments' products. This measure excludes overhead, fixed costs and personnel-related expenses.
(6)	Variable marketing margin and variable marketing margin % of revenue are non-GAAP measures. Please see "LendingTree's Reconciliation of Non-GAAP Measures to GAAP" for more information.

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LendingTree Segment Results
(In millions)
	Three Months Ended												Twelve Months Ended
	March 31, 2018			June 30, 2018			September 30, 2018			December 31, 2018			December 31, 2018
Home
Revenue	$	92.8		$	88.0		$	75.1		$	63.3		$	319.2
Segment profit	$	31.7		$	27.3		$	24.1		$	21.6		$	104.7
Segment profit % of revenue	34		%	31		%	32		%	34		%	33		%
Consumer
Revenue	$	87.9		$	94.0		$	115.5		$	98.2		$	395.6
Segment profit	$	39.0		$	43.8		$	57.2		$	47.8		$	187.7
Segment profit % of revenue	44		%	47		%	50		%	49		%	47		%
Insurance
Revenue	$	—		$	—		$	—		$	31.3		$	31.4
Segment profit	$	—		$	—		$	—		$	11.3		$	11.4
Segment profit % of revenue	—		%	—		%	—		%	36		%	36		%
Other Category
Revenue	$	0.3		$	2.1		$	6.5		$	9.9		$	18.7
Profit	$	(0.3	)	$	0.6		$	0.2		$	0.8		$	1.4
Total revenue	$	181.0		$	184.1		$	197.1		$	202.7		$	764.9
Total segment profit	$	70.4		$	71.7		$	81.5		$	81.5		$	305.1
Brand marketing expense	$	(7.4	)	$	(4.0	)	$	(4.7	)	$	(3.0	)	$	(19.0	)
Variable marketing margin	$	63.0		$	67.7		$	76.8		$	78.6		$	286.1
Variable marketing margin % of revenue	35		%	37		%	39		%	39		%	37		%

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LendingTree Segment Results
(In millions)
	Three Months Ended
	March 31, 2019			June 30, 2019			September 30, 2019
Home
Revenue	$	63.4		$	71.8		$	77.3
Segment profit	$	23.9		$	24.2		$	28.1
Segment profit % of revenue	38		%	34		%	36		%
Consumer
Revenue	$	120.7		$	129.0		$	151.9
Segment profit	$	54.0		$	50.8		$	65.2
Segment profit % of revenue	45		%	39		%	43		%
Insurance
Revenue	$	67.1		$	71.9		$	74.8
Segment profit	$	27.9		$	28.8		$	30.0
Segment profit % of revenue	42		%	40		%	40		%
Other Category
Revenue	$	11.1		$	5.8		$	6.6
Profit	$	0.8		$	0.3		$	0.4
Total revenue	$	262.4		$	278.4		$	310.6
Total segment profit	$	106.5		$	104.1		$	123.6
Brand marketing expense	$	(14.1	)	$	(10.3	)	$	(8.1	)
Variable marketing margin	$	92.5		$	93.8		$	115.6
Variable marketing margin % of revenue	35		%	34		%	37		%

LENDINGTREE'S RECONCILIATION OF NON-GAAP MEASURES TO GAAP

Variable Marketing Margin

Below is a reconciliation of net income (loss) from continuing operations to variable marketing margin and net income (loss) from continuing operations % of revenue to variable marketing margin % of revenue.

	Three Months Ended												Twelve Months Ended
	March 31, 2017			June 30, 2017			September 30, 2017			December 31, 2017			December 31, 2017
	(in thousands, except percentages)
Net income from continuing operations	$	7,798		$	8,007		$	10,131		$	(6,518	)	$	19,418
Net income from continuing operations % of revenue	6		%	5		%	6		%	(4		)%	3		%
Adjustments to reconcile to variable marketing margin:
Cost of revenue	3,591			4,164			4,388			5,080			17,223
Non-variable selling and marketing expense (1)	4,249			4,681			6,118			6,953			22,001
General and administrative expense	11,547			12,094			17,920			29,980			71,541
Product development	3,623			4,064			4,805			5,433			17,925
Depreciation	1,703			1,808			1,798			1,776			7,085
Amortization of intangibles	2,609			2,608			3,817			3,958			12,992
Change in fair value of contingent consideration	8,746			9,393			2,501			3,291			23,931
Severance	157			247			—			—			404
Litigation settlements and contingencies	404			285			272			(243		)	718
Interest expense, net	165			1,079			2,804			2,980			7,028
Other (income) expense	—			(13		)	228			181			396
Income tax (benefit) expense	(1,079		)	(104		)	4,292			3,182			6,291
Variable marketing margin	$	43,513		$	48,313		$	59,074		$	56,053		$	206,953
Variable marketing margin % of revenue	33		%	32		%	34		%	35		%	34		%

(1 ) Represents the portion of selling and marketing expense not attributable to variable costs paid for advertising, direct marketing and related expenses. Includes overhead, fixed costs and personnel-related expenses.

	Three Months Ended												Twelve Months Ended
	March 31, 2018			June 30, 2018			September 30, 2018			December 31, 2018			December 31, 2018
	(in thousands, except percentages)
Net income from continuing operations	$	35,857		$	44,849		$	28,362		$	251		$	109,319
Net income from continuing operations % of revenue	20		%	24		%	14		%	—		%	14		%
Adjustments to reconcile to variable marketing margin:
Cost of revenue	5,696			6,043			10,838			13,822			36,399
Cost of advertising re-sold to third parties (1)	—			—			(3,628		)	(5,184		)	(8,812		)
Non-variable selling and marketing expense (2)	8,016			7,571			7,770			6,985			30,343
General and administrative expense	22,814			24,759			22,980			30,666			101,219
Product development	6,260			5,967			6,608			8,123			26,958
Depreciation	1,671			1,633			1,895			2,186			7,385
Amortization of intangibles	3,963			3,964			5,701			9,840			23,468
Change in fair value of contingent consideration	(741		)	(167		)	2,105			9,591			10,788
Severance	—			3			2,328			21			2,352
Litigation settlements and contingencies	(22		)	(170		)	(88		)	94			(186		)
Interest expense, net	2,988			2,924			2,393			4,132			12,437
Other (income) expense	(34		)	71			69			(96		)	10
Income tax (benefit) expense	(23,461		)	(29,721		)	(10,534		)	(1,859		)	(65,575		)
Variable marketing margin	$	63,007		$	67,726		$	76,799		$	78,572		$	286,105
Variable marketing margin % of revenue	35		%	37		%	39		%	39		%	37		%

(1	)	Represents the portion of cost of revenue attributable to costs paid for advertising re-sold to third parties. Excludes overhead, fixed costs, and personnel-related expenses.
(2	)	Represents the portion of selling and marketing expense not attributable to variable costs paid for advertising, direct marketing and related expenses. Includes overhead, fixed costs and personnel-related expenses.

	Three Months Ended
	March 31, 2019			June 30, 2019			September 30, 2019
	(in thousands, except percentages)
Net income from continuing operations	$	550		$	12,981		$	24,463
Net income from continuing operations % of revenue	—		%	5		%	8		%
Adjustments to reconcile to variable marketing margin:
Cost of revenue	17,670			16,310			17,671
Cost of advertising re-sold to third parties (1)	(7,336		)	(5,053		)	(5,809		)
Non-variable selling and marketing expense (2)	12,305			12,079			11,580
General and administrative expense	31,117			27,951			30,323
Product development	10,166			10,175			10,200
Depreciation	2,482			2,559			2,696
Amortization of intangibles	13,427			14,280			13,778
Change in fair value of contingent consideration	14,592			2,790			3,839
Severance	54			403			179
Litigation settlements and contingencies	(207		)	8			(92		)
Interest expense, net	5,468			5,095			4,845
Other (income) expense	(68		)	(71		)	(4		)
Income tax (benefit) expense	(7,752		)	(5,689		)	1,889
Variable marketing margin	$	92,468		$	93,818		$	115,558
Variable marketing margin % of revenue	35		%	34		%	37		%

(1	)	Represents the portion of cost of revenue attributable to costs paid for advertising re-sold to third parties. Excludes overhead, fixed costs, and personnel-related expenses.
(2	)	Represents the portion of selling and marketing expense not attributable to variable costs paid for advertising, direct marketing and related expenses. Includes overhead, fixed costs and personnel-related expenses.