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Lendingtree Small Business Loans – Charlotte, NC, January 12, 2021 // –LendingTree, Inc. (NASDAQ: TREE), the nation’s leading online financial services marketplace, today provided the business with a better-than-expected fourth-quarter 2020 financial results.

“In view of our better-than-expected performance, and in our continued efforts to provide investors with more transparency in these uncertain times, we are updating our outlook for LendingTree’s results for the fourth quarter of 2020 as we continue to work through the year-end closing process,” said Doug Lapida, UR and CEO. I am very proud of how our company has managed this challenging environment and continues to execute and innovate to drive our business forward.”

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Added J.D. Moriarty, CFO, “While we were pleased to report better-than-expected results for the fourth quarter, what is more encouraging is the growth momentum as we enter 2021. With strength in our homes segment that increased revenue by more than 30% sequentially.As mortgage lenders build the ability to take advantage of these unusual market conditions, they are increasingly turning to LendingTree to efficiently find new borrowers.Strong fourth-quarter performance, again increasing revenue by about 20%, thanks to improvement Continuous product diversification with significant contributions from the health and medical care categories, and finally, our consumer segment, which has been most negatively affected by the impact of Corona, shows signs of continued recovery in business Our credit card, for example, revenue has increased continuously every month since the lowest point in May , Revenues in December grew more than 90% compared to September. Other consumer businesses, such as personal lending and small businesses, also showed significant sequential growth in the usually turbulent fourth quarter.

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These updated financial projections are based on information available to the companies at the date of this publication and are subject to completion of quarterly and annual closing procedures and independent audits.

LendingTree plans to officially report its fourth-quarter and full-year 2020 financial results on February 25, 2021 and will hold a conference call to discuss the results at that time.

LendingTree reports margins and variable marketing EBITDA, subject to certain line items discussed below (“Adjusted EBITDA”) as a non-GAAP measure supplementary to generally accepted accounting principles.

Variable marketing margin is defined as revenue minus variable marketing costs. Variable marketing costs are defined as costs attributable to variable costs paid for advertising, direct marketing and related costs, including the portion of revenue costs attributable to costs paid for advertising resold to third parties, excluding overheads and permanent marketing and personnel costs. Related expenses. Most variable advertising costs are intended specifically to drive traffic to our website and these variable advertising costs are included in selling and marketing expenses in the Company’s consolidated operating statements and consolidated earnings. When advertising inventory is resold to a third party, the proceeds of the transaction are included in revenue for the purposes of calculating variable marketing margins, and the costs of reselling advertising inventory are included in the cost of recovery in the Company’s consolidated statements. Activities and revenue are consolidated and included in variable marketing expenses for the purpose of calculating variable marketing margin. Variable marketing margin is a measure of the operational efficiency of a company’s operating model, which measures revenue after deducting variable marketing costs that directly affect revenue. A company’s operating model is highly sensitive to the amount and effectiveness of variable marketing spend, and a company’s ownership system can make rapidly changing decisions regarding the deployment of variable marketing spend (especially but not limited to online and mobile advertising) on ​​an ownership basis. and advanced analysis. Variable marketing margin is the primary metric a company uses to measure the effectiveness of its marketing efforts.

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EBITDA is defined as the net profit from continuing operations excluding interest, income tax, amortization of intangible assets, and depreciation. Adjusted EBITDA is defined as EBITDA excluding (i) non-cash compensation costs, (ii) non-cash impairment costs, (iii) gains/losses on asset disposals, (iv) restructuring and compensation costs, (5) litigation and contingent settlements, (6) gains or expenses from purchases and disposals (including with respect to changes in the fair value of the contingent consideration), and (7) non-recurring items. Adjusted EBITDA is the primary metric that LendingTree uses to evaluate the operating performance of its business, on which marketing costs and internal budgets are based, and on which management and many employees are rewarded.

The most directly comparable measure of variable marketing margins and adjusted EBITDA is net income from continuing operations.

LendingTree seeks to compensate for this limitation of non-GAAP measures by providing a comparable GAAP measure of equal or greater significance and a description of the associated items, including their quantification, for deriving the non-GAAP measure. However, LendingTree is unable to provide a reconciliation of variable marketing margins or more directly comparable EBITDA due to the unknown impact, timing, and potential significance of legal impacts, tax considerations, and revenue and expense considerations. changes in the fair value of the contingent consideration. Expenses related to legal issues, tax consequences, income and expenses resulting from changes in the fair value of contingent considerations from past, and possibly future, acquisitions significantly affect the GAAP result in a given period. These non-GAAP procedures may not be comparable to similarly titled procedures used by other companies.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 The matters in the discussion above may be considered “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Litigation Reform Act of 1934, as privately amended by the Securities Litigation Reform Act of 1995 These statements include statements about the intent, belief, current expectations, or expectations of LendingTree and members of our management team, including, without limitation, the forward-looking statements contained in this press release regarding LendingTree’s expected results. Post the following

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Completing the quarterly review process, as well as data on our future operational and financial performance. Factors known to management that could cause actual results to differ materially from forward-looking statements include: uncertainty regarding the duration and extent of the coronavirus known as the COVID-19 pandemic; actions taken by governments and companies in response to the pandemic, including those that may affect levels of advertising activity; the impact of the pandemic and the measures taken to counter the pandemic on national and regional economies and economic activity; the pace of recovery as the COVID-19 pandemic subsides; adverse conditions in the primary and subprime mortgage markets and the economy, especially interest rates; default rates on loans, especially unsecured loans; investor demand for unsecured personal loans; the impact of this demand on interest rates for personal loans and consumer demand for personal loans; seasonal production potential discounts for buyers in the secondary market; changes in the Company’s relationship with network lenders, including reliance on central network lenders; breach network security or misuse or abuse personal consumer information; not provide competitive services; failure to maintain brand recognition; the ability to attract and retain customers in a cost-effective manner; the impact of potential acquisitions on other businesses, including the ability to successfully integrate with LendingTree’s existing operations; accounting rules relating to contingent considerations and excess tax benefits or expenses over share-based compensation that could materially affect future earnings; the ability to develop new products and services and improve existing ones; Competition; allegations of failure to comply with current or changing laws, rules or regulations, or to obtain and maintain required licenses; failure of network lenders or other related parties to comply with regulatory requirements; failure to maintain system and infrastructure integrity; liability as a result of special regulations; failure to adequately protect intellectual property rights or claims of intellectual property rights infringement; and change management. These and other factors to consider are detailed under “Risk Factors” in our annual report on Form 10-K for the period ended December 31, 2019, on our Form 10-Q for the period ended September 30, 2020, and in our filings.. the other with Securities and Exchange Commission. LendingTree undertakes no obligation to update or revise forward-looking statements to reflect changing assumptions, the occurrence of unexpected events, or changes in results or expectations of future operations.

LendingTree (NASDAQ: TREE) is the nation’s leading online marketplace that connects consumers with the choices they need to feel confident about their financial decisions. LendingTree enables consumers to shop for financial services the same way they shop for airline tickets or hotel accommodations, by comparing multiple offers from a nationwide network of over 800 partners in one simple search and selecting the option best suited to their financial needs. These services include mortgage loans, mortgage recycling, auto loans, personal loans, business loans, student recycling, credit cards, insurance and more. Through the My LendingTree platform, consumers receive free credit scores, credit monitoring, and recommendations to improve credit health. My LendingTree proactively compares consumers

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