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LendingTree: SMB Lending Business Softened in Q2, Merchant Sentiment Shifted
['Debanked Staff']
deBanked
LendingTree’s SMB business underperformed in the quarter, driven by “both merchant sentiment and lender pullback.”
It attributed this to tension in the Middle East, energy price spikes, and more, but concluded that the merchant sentiment issues, which have been slower to recover, were macro-driven and temporary.
Merchant sentiment does remain soft,” said Peyree.
We operate very well in that business, and the market opportunity is really strong.
Once merchant sentiment returns, that will return to being a very strong growth driver for us.