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LENDINGTREE REPORTS THIRD QUARTER 2026 RESULTS

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Revenue Grew 12% YoY With Increases Across All Three Segments

Consolidated revenue of $343.6 millionGAAP net loss of $(72.4) million or $(5.15) per diluted share due to $98.8 million non-cash goodwill chargeVariable marketing margin of $94.9 millionAdjusted EBITDA of $39.6 million

CHARLOTTE, N.C., Nov. 3, 2026 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced results for the quarter ended September 30, 2026.

The company has posted a letter to shareholders on the company’s website at investors.lendingtree.com.

“We are pleased to report our tenth straight quarter of double-digit revenue growth, powered by continued strength in our Insurance segment along with healthy growth in Home driven by great home equity lending results,” said Scott Peyree, CEO.  “This quarter we rolled-out AI features and distribution improvements to our shopping experience across multiple product lines.  Specifically, we have implemented voice AI services to help consumers understand and choose the best offer before talking to a lender, AI overviews on offer pages that assist customers in selecting the best offer for their situation, and controlled distribution that helps a consumer shop in stages for a product to prevent multiple carriers or lenders from contacting the customer at once.  Successful expansion of these types of features should ultimately improve consumer satisfaction and drive increased monetization of our traffic.”

Jason Bengel, CFO, commented, “The company is on track to grow revenue and AEBITDA this year by 17% and 14%, respectively, at the midpoint of our updated forecast.  Our business benefits from the diversity of our product offering for consumers, providing one unified marketplace for all personal financial products.  This diversification allows us to continue to execute on our growth plan successfully despite ongoing interest rate related headwinds impacting our Home segment.  Our strong results continue to fortify our balance sheet, as we used excess cash to voluntarily repay $60 million of long-term debt during the quarter to improve free cashflow generation for shareholders going forward.  Given the strength of our balance sheet and what we view as attractive valuation of our equity, we intend to repurchase shares during the the fourth quarter for the first time since 1Q22.”

Third Quarter 2026 Business Results

Insurance segment revenue of $234.9 million increased 15% over third quarter 2025 and translated into  segment profit of $54.2 million, up 14% over the same period.Consumer segment revenue of $67.2 million increased 2% from third quarter 2025, while segment profit declined 16% over the same period.Home segment revenue of $41.5 million increased 9% over third quarter 2025 and produced segment profit of $12.4 million, an increase of 5% over the same period. Within Home, revenue from Home Equity of $34.0 million increased 20% over prior year.

LendingTree Summary Financial Metrics

(In millions, except per share amounts)

Three Months Ended

September 30,

Y/Y

Three Months Ended
June 30,

Q/Q

2026

2025

% Change

2026

% Change

Total revenue

$   343.6

$  307.8

12 %

$             313.4

10 %

(Loss) income before income taxes

$   (78.4)

$    11.6

(776) %

$               14.1

(656) %

Income tax benefit (expense)

$      6.0

$     (1.4)

(529) %

$                (4.5)

(233) %

Net (loss) income

$   (72.4)

$    10.2

(810) %

$                 9.6

(854) %

Net (loss) income % of revenue

(21) %

3 %

3 %

Income per share

Basic

$   (5.15)

$    0.75

$               0.69

Diluted

$   (5.15)

$    0.73

$               0.68

Variable marketing margin

Total revenue

$   343.6

$  307.8

12 %

$             313.4

10 %

Variable marketing expense (1) (2)

$ (248.7)

$ (214.6)

16 %

$            (226.1)

10 %

Variable marketing margin (2)

$    94.9

$    93.2

2 %

$               87.3

9 %

Variable marketing margin % of revenue (2)

28 %

30 %

28 %

Adjusted EBITDA (2)

$    39.6

$    39.8

(1) %

$              35.2

13 %

Adjusted EBITDA % of variable marketing margin (2)

42 %

43 %

40 %

(1)

Represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses.  Excludes overhead, fixed costs and personnel-related expenses. 

(2)

Variable marketing expense, variable marketing margin, variable marketing margin % of revenue, adjusted EBITDA, and adjusted EBITDA % of variable marketing margin are non-GAAP measures. Please see “LendingTree’s Reconciliation of Non-GAAP Measures to GAAP” and “LendingTree’s Principles of Financial Reporting” below for more information.

 

LendingTree Segment Results

(In millions)

Three Months Ended

September 30,

Y/Y

Three Months Ended June 30,

Q/Q

2026

2025

% Change

2026

% Change

Home (1)

Revenue

$    41.5

$    38.1

9 %

$               43.9

(5) %

Segment profit

$    12.4

$    11.8

5 %

$               11.3

10 %

Segment profit % of revenue

30 %

31 %

26 %

Consumer (2)

Revenue

$    67.2

$    66.2

2 %

$               60.3

11 %

Segment profit

$    29.6

$    35.2

(16) %

$               27.6

7 %

Segment profit % of revenue

44 %

53 %

46 %

Insurance (3)

Revenue

$   234.9

$  203.5

15 %

$             209.3

12 %

Segment profit

$    54.2

$    47.6

14 %

$               50.0

8 %

Segment profit % of revenue

23 %

23 %

24 %

Other (4)

Revenue

$      —

$      —

— %

$                  —

— %

(Loss)

$    (0.1)

$    (0.1)

— %

$               (0.1)

— %

Total revenue

$   343.6

$  307.8

12 %

$             313.4

10 %

Total segment profit

$    96.1

$    94.6

2 %

$              88.8

8 %

     Brand marketing expense (5)

$    (1.2)

$    (1.4)

(14) %

$               (1.5)

(20) %

Variable marketing margin

$    94.9

$    93.2

2 %

$              87.3

9 %

Variable marketing margin % of revenue

28 %

30 %

28 %

(1)

The Home segment includes the following products: purchase mortgage, refinance mortgage, and home equity loans.

(2)

The Consumer segment includes the following products: credit cards, personal loans, small business loans, auto loans, deposit accounts and debt settlement.

(3)

The Insurance segment consists of insurance quote products.

(4)

The Other category primarily includes marketing revenue and related expenses not allocated to a specific segment.

(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.

Financial Outlook*

Today we update our full-year 2026 outlook, and include the implied outlook for Q4:

Full-year 2026:*

Revenue of $1.30 to $1.31 billionVariable Marketing Margin of $370 – $375 millionAdjusted EBITDA of $151 – $153 million

Fourth-quarter 2026:*

Revenue:  $315 – $325 millionVariable Marketing Margin:  $88 – $93 millionAdjusted EBITDA:  $34 – $36 million

*LendingTree is not able to provide a reconciliation of projected variable marketing margin or adjusted EBITDA to the most directly comparable expected GAAP results due to the unknown effect, timing and potential significance of the effects of legal matters and tax considerations. Expenses associated with legal matters and tax considerations have in the past, and may in the future, significantly affect GAAP results in a particular period.  

Quarterly Conference Call

A conference call to discuss LendingTree’s third quarter 2026 financial results will be webcast live today, November 3, 2026 at 4:30 PM Eastern Time (ET). The live webcast is open to the public and will be available on LendingTree’s investor relations website at investors.lendingtree.com. Following completion of the call, a recorded replay of the webcast will be available on the website.

LENDINGTREE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

Three Months Ended

September 30,

Nine Months Ended

September 30,

2026

2025

2026

2025

(in thousands, except per share amounts)

Revenue

$  343,588

$  307,792

$  984,277

$  797,636

Costs and expenses:

Cost of revenue (exclusive of depreciation and amortization shown
separately below) (1)

11,670

11,017

34,635

30,954

Selling and marketing expense (1)

260,508

225,051

735,529

574,555

General and administrative expense (1)

26,437

26,229

80,137

81,923

Product development (1)

10,243

11,297

31,742

34,674

Depreciation

4,147

3,995

12,609

12,533

Amortization of intangibles

1,258

1,288

3,834

3,902

Goodwill impairment

98,823

—

98,823

—

Restructuring and severance (1)

519

80

3,297

1,235

Litigation settlements and contingencies

260

69

1,036

15,279

Total costs and expenses

413,865

279,026

1,001,642

755,055

Operating (loss) income

(70,277)

28,766

(17,365)

42,581

Other income (expense), net:

Interest expense, net

(9,129)

(17,907)

(26,178)

(37,393)

Other income

1,009

732

2,210

2,368

(Loss) income before income taxes

(78,397)

11,591

(41,333)

7,556

Income tax benefit (expense)

6,033

(1,426)

(4,191)

(904)

Net (loss) income and comprehensive (loss) income

$   (72,364)

$    10,165

$   (45,524)

$     6,652

Weighted average shares outstanding:

Basic

14,040

13,623

13,944

13,538

Diluted

14,040

13,988

13,944

13,843

Net (loss) income per share:

Basic

$      (5.15)

$       0.75

$      (3.26)

$       0.49

Diluted

$      (5.15)

$       0.73

$      (3.26)

$       0.48

(1) Amounts include non-cash compensation, as follows:

Cost of revenue

$        141

$         73

$        415

$        101

Selling and marketing expense

1,012

652

2,538

1,987

General and administrative expense

3,098

3,647

9,101

15,510

Product development

645

630

2,106

2,238

Restructuring and severance

—

—

1,012

255

 

LENDINGTREE, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

September 30,
2026

December 31,
2025

(in thousands, except par value
and share amounts)

ASSETS:

Cash and cash equivalents

$    82,709

$    81,073

Accounts receivable, net

165,004

110,582

Prepaid and other current assets

37,662

38,053

Total current assets

285,375

229,708

Property and equipment, net

29,194

32,834

Operating lease right-of-use assets

29,709

31,655

Goodwill

282,716

381,539

Intangible assets, net

34,258

38,092

Deferred income tax assets

120,939

124,867

Other non-current assets

22,050

16,997

Total assets

$  804,241

$  855,692

LIABILITIES:

Current portion of long-term debt

$     3,936

$     3,926

Accounts payable, trade

69,433

6,735

Accrued expenses and other current liabilities

108,801

126,803

Total current liabilities

182,170

137,464

Long-term debt

326,659

387,694

Operating lease liabilities

42,107

43,597

Other non-current liabilities

146

140

Total liabilities

551,082

568,895

Commitments and contingencies

SHAREHOLDERS’ EQUITY:

Preferred stock $0.01 par value; 5,000,000 shares authorized; none issued or outstanding

—

—

Common stock $0.01 par value; 50,000,000 shares authorized; 17,397,550 and 17,124,837 shares
issued, respectively, and 14,042,084 and 13,769,371 shares outstanding, respectively

174

171

Additional paid-in capital

1,292,786

1,280,903

Accumulated deficit

(773,623)

(728,099)

Treasury stock; 3,355,466 and 3,355,466 shares, respectively

(266,178)

(266,178)

Total shareholders’ equity

253,159

286,797

Total liabilities and shareholders’ equity

$  804,241

$  855,692

 

LENDINGTREE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Nine Months Ended

September 30,

2026

2025

(in thousands)

Net cash provided by operating activities

76,448

56,575

Cash flows from investing activities:

Capital expenditures

(8,877)

(9,423)

Proceeds from sale of fixed assets

—

2,497

Other investing activities

52

—

Net cash used in investing activities

(8,825)

(6,926)

Cash flows from financing activities:

Proceeds from term loan

—

450,000

Repayment of term loan

(62,700)

(409,375)

Payments related to net-share settlement of stock-based compensation, net of proceeds from exercise
of stock options

(3,287)

(2,756)

Repayment and repurchase of 0.50% Convertible Senior Notes

—

(115,007)

Payment of revolver issuance costs

—

(1,432)

Payment of debt issuance costs

—

(5,095)

Payment of original issue discount

—

(4,000)

Net cash (used in) provided by financing activities

(65,987)

(87,665)

Net increase (decrease)  in cash, cash equivalents, restricted cash and restricted cash equivalents

1,636

(38,016)

Cash, cash equivalents, restricted cash and restricted cash equivalents at beginning of period

81,073

106,594

Cash, cash equivalents, restricted cash and restricted cash equivalents at end of period

$    82,709

$    68,578

LENDINGTREE’S RECONCILIATION OF NON-GAAP MEASURES TO GAAP

Variable Marketing Expense

Below is a reconciliation of selling and marketing expense, the most directly comparable GAAP measure, to variable marketing expense. See “LendingTree’s Principles of Financial Reporting” for further discussion of the Company’s use of this non-GAAP measure.

Three Months Ended

September 30,
2026

June 30,
2026

September 30,
2025

(in thousands)

Selling and marketing expense

$   260,508

$   236,453

$   225,051

Non-variable selling and marketing expense (1)

(11,868)

(10,370)

(10,483)

Variable marketing expense

$   248,640

$   226,083

$   214,568

(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.

LENDINGTREE’S RECONCILIATION OF NON-GAAP MEASURES TO GAAP

Variable Marketing Margin

Below is a reconciliation of net (loss) income, the most directly comparable GAAP measure, to variable marketing margin and net (loss) income % of revenue to variable marketing margin % of revenue. See “LendingTree’s Principles of Financial Reporting” for further discussion of the Company’s use of these non-GAAP measures.

Three Months Ended

September 30,
2026

June 30,
2026

September 30,
2025

(in thousands, except percentages)

Net (loss) income

$  (72,364)

$      9,574

$     10,165

Net (loss) income % of revenue

(21) %

3 %

3 %

Adjustments to reconcile to variable marketing margin:

Cost of revenue

11,670

11,269

11,017

Non-variable selling and marketing expense (1)

11,868

10,370

10,483

General and administrative expense

26,437

25,710

26,229

Product development

10,243

10,032

11,297

Depreciation

4,147

4,277

3,995

Amortization of intangibles

1,258

1,288

1,288

Goodwill impairment

98,823

—

—

Restructuring and severance

519

1,839

80

Litigation settlements and contingencies

260

756

69

Interest expense, net

9,129

8,483

17,907

Other income

(1,009)

(832)

(732)

Income tax (benefit) expense

(6,033)

4,573

1,426

Variable marketing margin

$     94,948

$     87,339

$     93,224

Variable marketing margin % of revenue

28 %

28 %

30 %

(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.

LENDINGTREE’S RECONCILIATION OF NON-GAAP MEASURES TO GAAP

Adjusted EBITDA

Below is a reconciliation of net (loss) income, the most directly comparable GAAP measure, to adjusted EBITDA and net (loss) income % of revenue to adjusted EBITDA % of revenue. See “LendingTree’s Principles of Financial Reporting” for further discussion of the Company’s use of these non-GAAP measures.

Three Months Ended

September 30,
2026

June 30,
2026

September 30,
2025

(in thousands, except percentages)

Net (loss) income

$  (72,364)

$      9,574

$     10,165

Net (loss) income % of revenue

(21) %

3 %

3 %

Adjustments to reconcile to adjusted EBITDA:

Amortization of intangibles

1,258

1,288

1,288

Depreciation

4,147

4,277

3,995

Restructuring and severance

519

1,839

80

Loss (gain) on impairments and disposal of assets

3

—

593

Goodwill impairment

98,823

—

—

Non-cash compensation

4,896

5,204

5,002

Litigation settlements and contingencies

260

756

69

Interest expense, net

9,129

8,483

17,907

Dividend income

(1,008)

(832)

(730)

Income tax (benefit) expense

(6,033)

4,573

1,426

Adjusted EBITDA

$     39,630

$     35,162

$     39,795

Adjusted EBITDA % of revenue

12 %

11 %

13 %

LENDINGTREE’S PRINCIPLES OF FINANCIAL REPORTING

LendingTree reports the following non-GAAP measures as supplemental to GAAP:

Variable marketing expenseVariable marketing marginVariable marketing margin % of revenueEarnings Before Interest, Taxes, Depreciation and Amortization, as adjusted for certain items discussed below (“Adjusted EBITDA”)Adjusted EBITDA % of revenueAdjusted EBITDA % of variable marketing margin

 Variable marketing expense, variable marketing margin and variable marketing margin % of revenue are related measures of the effectiveness of the Company’s marketing efforts. Variable marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing, and related expenses, and excludes overhead, fixed costs, and personnel-related expenses. Variable marketing margin is a measure of the efficiency of the Company’s operating model, measuring revenue after subtracting variable marketing expense. The Company’s operating model is highly sensitive to the amount and efficiency of variable marketing expenditures, and the Company’s proprietary systems are able to make rapidly changing decisions concerning the deployment of variable marketing expenditures (primarily but not exclusively online and mobile advertising placement) based on proprietary and sophisticated analytics.

Adjusted EBITDA, adjusted EBITDA % of revenue, and adjusted EBITDA % of variable marketing margin are primary metrics by which LendingTree evaluates the operating performance of its businesses, on which its marketing expenditures and internal budgets are based and, in the case of adjusted EBITDA, by which management and many employees are compensated in most years.

These non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. LendingTree provides and encourages investors to examine the reconciling adjustments between the GAAP and non-GAAP measures set forth above.

Definition of LendingTree’s Non-GAAP Measures

Variable marketing margin is defined as revenue less variable marketing expense. Variable marketing expense is defined as the expense attributable to variable costs paid for advertising, direct marketing and related expenses, and excluding overhead, fixed costs and personnel-related expenses. The majority of these variable advertising costs are expressly intended to drive traffic to our websites and these variable advertising costs are included in selling and marketing expense on the Company’s consolidated statements of operations and consolidated income.

EBITDA is defined as net income excluding interest, income taxes, amortization of intangibles and depreciation.

Adjusted EBITDA is defined as EBITDA excluding (1) non-cash compensation expense, (2) non-cash impairment charges, (3) gain/loss on disposal of assets, (4) gain/loss on investments, (5) restructuring and severance expenses, (6) litigation settlements and contingencies, (7) acquisitions and dispositions income or expense (including with respect to changes in fair value of contingent consideration), (8) contributions to the LendingTree Foundation (9) dividend income, and (10) one-time items. 

LendingTree endeavors to compensate for the limitations of these non-GAAP measures by also providing the comparable GAAP measures with equal or greater prominence and descriptions of the reconciling items, including quantifying such items, to derive the non-GAAP measures. These non-GAAP measures may not be comparable to similarly titled measures used by other companies.

One-Time Items

Adjusted EBITDA is adjusted for one-time items, if applicable. Items are considered one-time in nature if they are non-recurring, infrequent or unusual, and have not occurred in the past two years or are not expected to recur in the next two years, in accordance with SEC rules. For the periods presented in this report, there are no adjustments for one-time items.

Non-Cash Expenses That Are Excluded From LendingTree’s Adjusted EBITDA

Non-cash compensation expense consists principally of expense associated with the grants of restricted stock, restricted stock units and stock options. These expenses are not paid in cash and LendingTree includes the related shares in its calculations of fully diluted shares outstanding. Upon settlement of restricted stock units, exercise of certain stock options or vesting of restricted stock awards, the awards may be settled on a net basis, with LendingTree remitting the required tax withholding amounts from its current funds. Cash expenditures for employer payroll taxes on non-cash compensation are included within adjusted EBITDA.

Amortization of intangibles are non-cash expenses relating primarily to acquisitions. At the time of an acquisition, the intangible assets of the acquired company, such as purchase agreements, technology and customer relationships, are valued and amortized over their estimated lives.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

The matters contained in the discussion above may be considered to be “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations or anticipations of LendingTree and members of our management team. Factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the following: adverse conditions in the primary and secondary mortgage markets and in the economy, particularly interest rates and inflation; default rates on loans, particularly unsecured loans; demand by investors for unsecured personal loans; the effect of such demand on interest rates for personal loans and consumer demand for personal loans; seasonality of results; potential liabilities to secondary market purchasers; changes in the Company’s relationships with network partners, including dependence on certain key network partners; breaches of network security or the misappropriation or misuse of personal consumer information; failure to provide competitive service; our ability to compete effectively and adapt to competitive pressures in each of our businesses, including from disintermediation as well as technological change, digital disruption and other types of innovation such as artificial intelligence; failure to maintain brand recognition; ability to attract and retain consumers in a cost-effective manner; the effects of potential acquisitions of other businesses, including the ability to integrate them successfully with LendingTree’s existing operations; accounting rules related to excess tax benefits or expenses on stock-based compensation that could materially affect earnings in future periods; ability to develop new products and services and enhance existing ones; effects of changing laws, rules or regulations on our business model; uncertainties relating to our illegal monopolization claims against Google, including the timing, amount and likelihood of recovery and the outcome of Google’s appeal of the ruling by the United States District Court for the District of Columbia in the government’s antitrust case against Google; allegations of failure to comply with existing or changing laws, rules or regulations, or to obtain and maintain required licenses; failure of network partners or other affiliated parties to comply with regulatory requirements; failure to maintain the integrity of systems and infrastructure; liabilities as a result of privacy regulations; failure to adequately protect intellectual property rights or allegations of infringement of intellectual property rights; and changes in management. These and additional factors to be considered are set forth under “Risk Factors” in our Annual Report on Form 10-K for the period ended December 31, 2025, in our Quarterly Report on Form 10-Q for the period ended June 30, 2026, and in our other filings with the Securities and Exchange Commission. LendingTree undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results or expectations.

About LendingTree, Inc.

LendingTree, Inc. is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, “LendingTree” or the “Company”).

LendingTree is one of the nation’s largest, most experienced online financial platforms, created to give consumers the power to win financially.  LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through its network of approximately 770 financial partners.  Since its founding, LendingTree has helped millions of customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of innovative products and tools and personalized financial recommendations, LendingTree helps customers achieve everyday financial wins.

LendingTree, Inc. is headquartered in Charlotte, NC. For more information, please visit www.lendingtree.com. 

Investor Relations Contact:
investors@lendingtree.com

Media Contact:
press@lendingtree.com   

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SOURCE LendingTree, Inc.

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Published

40 minutes ago

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Through the partnership, Sunrate will bring its global payment capabilities to ABTOT’s membership, helping members explore payment solutions designed to support their international business operations. Sunrate’s unified platform combines international payments, global collections, commercial cards, global acquiring and treasury solutions, helping businesses manage payments to suppliers and financial operations across markets.

The collaboration builds on ABTOT’s commitment to providing its Members with access to relevant commercial services and technology solutions alongside its established financial protection and business support offering. By connecting ABTOT’s Members with Sunrate’s payment infrastructure, the partnership aims to help travel businesses navigate the financial and operational demands of serving customers and suppliers across borders.

“Travel businesses operate in an increasingly connected global economy, where efficient and reliable payments are essential to supporting international growth,” said Paul Batchelor, Head of Business Development, Europe at Sunrate. “We are pleased to partner with ABTOT to bring our global payment capabilities closer to its members. As travel continues to evolve, we remain focused on building the payment infrastructure that enables travel businesses to operate more efficiently and pursue new opportunities across markets.”

“As our Members continue to grow internationally, access to efficient and reliable payment solutions is becoming increasingly important. We are pleased to welcome Sunrate as a partner and to provide our Members with access to a platform that supports the management of international payments, collections and treasury operations. This partnership forms part of our ongoing commitment to connecting Members with commercial solutions that help them operate more effectively, improve efficiency and support sustainable business growth.”
Julie Jones, Chief Marketing Officer, ABTOT

The partnership reinforces Sunrate’s continued commitment to the global travel industry, where payment efficiency, supplier settlement and the management of cross-border financial operations are increasingly important to business performance. Through collaborations with travel technology providers and industry organisations, Sunrate continues to expand its reach and support the evolving payment needs of travel businesses worldwide.

About Sunrate

Sunrate is a leading global payment and treasury management platform for businesses worldwide. Founded in 2016, Sunrate has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge infrastructure, global network, and unified solutions.

Sunrate operates through offices across key markets, including Singapore, Kuala Lumpur, Jakarta, Hong Kong, Shanghai, and London. The company partners with the top global financial institutions, such as Citibank, Standard Chartered, and J.P. Morgan. Sunrate is also the principal member of Mastercard and Visa. To learn more about Sunrate, visit https://www.sunrate.com/. 

About ABTOT

ABTOT is a Membership Association with over 450 specialist travel organiser Members. As an Approved Body, appointed by the UK Government Department for Business and Trade, ABTOT operates a regulated financial protection bonded scheme for Travel Organisers who need to comply with UK Travel Regulations. ABTOT is also an approved CAA ATOL Franchisee, providing financial protection solutions for both flight and non-flight packages. In 2021 ABTOT took over the Bonded Coach Holidays scheme, a consumer protection scheme exclusive to CPT coach package travel organisers. In 2025 ABTOT was awarded B Corp Certification.

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Tencent Cloud Expands AI Ecosystem in Singapore with New Enterprise AI Capabilities, Partnerships and Talent Development Initiatives

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November 4, 2026

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Tencent Cloud expands enterprise AI capabilities and ecosystem partnerships in Singapore to help organisations deploy AI at scaleSingapore continues to play a key role in Tencent Cloud’s international AI strategy, serving as a hub for innovation, enterprise adoption and talent developmentNew technologies, customer collaborations and community initiatives reflect Tencent Cloud’s commitment to building a thriving AI ecosystem across Southeast Asia

SINGAPORE, Nov. 4, 2026 /PRNewswire/ — Tencent Cloud, the cloud business of global technology company Tencent, today announced expanded enterprise AI capabilities, ecosystem partnerships and talent development initiatives in Singapore, reinforcing its commitment to supporting AI innovation and helping organisations across Southeast Asia move from experimentation to practical deployment.

In October this year, Tencent Cloud reported that its active overseas customer base had doubled over the past year, while international demand for its AI products and services had grown at a triple-digit rate. Tencent also highlighted its continued focus on practical AI adoption, expanding enterprise AI capabilities and helping organisations translate AI innovation into measurable business outcomes.

“AI is creating new opportunities for businesses, but its real value comes when it can be applied to everyday operations and adopted at scale,” said Dowson Tong, Senior Executive Vice President of Tencent and CEO of the Cloud and Smart Industries Group. “At Tencent Cloud, we’re bringing together our AI tools such as WorkBuddy, model capabilities and cloud infrastructure to help more businesses put AI to work, building on their strengths and unlocking new opportunities for growth.”

Singapore continues to play an important role in Tencent Cloud’s international growth strategy and serves as a key hub for AI innovation, enterprise adoption and ecosystem collaboration in Southeast Asia.

Supporting Enterprise AI Adoption Across Workflows

Tencent Cloud continues to expand its portfolio of AI capabilities spanning workplace productivity, software development, content creation and AI deployment.

These include solutions such as WorkBuddy, an AI office productivity agent for everyday office tasks; CodeBuddy, an AI-powered coding assistant; and Miora, an AI-native creative studio. Tencent Cloud also introduced additional specialised AI tools for key business functions:

MAGIC AI, Tencent Marketing Cloud’s agentic AI marketing workspace, helps marketing teams discover audiences, turn business goals into campaign plans and test what works — moving from insight to execution while critical actions remain subject to human approval.Tencent Cloud WAND combines leading multimodal models, including Hunyuan, with Tencent Cloud’s proprietary WAND-Vega models and over 100 in-house media processing tools to support the entire media workflow—from content creation and analysis to enhancement, encoding, and localization.Tencent Cloud Enterprise (TCE) AI Suite, a full-stack private cloud foundation powered by TI-ONE, TokenHub, and Agent Runtime, unifies compute, MaaS services and agent management, enabling organisations to modernise while retaining control over sensitive data and critical workloads.

Empowering Singapore Businesses at Home and Abroad

Beyond technology capabilities, Tencent Cloud continues to strengthen Singapore’s AI ecosystem through partnerships spanning implementation, cybersecurity, enterprise transformation and industry innovation.

New collaborations with organisations including Beyondsoft, Nexusguard and WeesWares will help support customers across AI and cloud innovation and, as well as cybersecurity resilience. These partnerships complement Tencent Cloud’s broader ecosystem strategy of bringing together technology providers, enterprises, developers and industry specialists to accelerate AI adoption across Southeast Asia.

Tencent Cloud’s work with Singapore-based customers spans healthcare, financial services, and international logistics. Through local digital healthcare company Care, Tencent Cloud powers video consultations on Raffles Connect, supporting more than 10,000 consultations a month.

“Singapore serves as an important hub for AI innovation, talent and enterprise adoption in Southeast Asia,” said Poshu Yeung, Senior Vice President, Tencent Cloud and Head of Tencent Cloud International. “Through our technology, ecosystem collaboration and talent development initiatives, we hope to contribute to a vibrant AI ecosystem that supports long-term innovation and growth in Singapore and across the region.”

Developing AI Talent Through Industry Challenges

Tencent Cloud Day Singapore also hosted the Demo Day and Awards Ceremony of the AI CAN DO IT Tencent Cloud Hackathon Singapore 2026, jointly organised by Tencent Cloud and AI Singapore.

Participants presented solutions to challenges contributed by Aspire, DBS, Keppel, Nanyang Technological University, Singapore’s Lee Kong Chian School of Medicine (NTU LKCMedicine)  and Ryde, applying AI to needs across financial services, real estate, healthcare and ride-hailing. The programme reflects Tencent Cloud’s broader commitment to supporting AI talent development and creating opportunities for aspiring builders to gain hands-on experience applying AI to real-world challenges.

In this latest edition of the hackathon, Team OeroAI took home the top prize of S$10,000 under the Digital Native Track for ‘TriVerity,’ their multi-agent AI solution designed to resolve ride-hailing rider-driver disputes within seconds rather than days.

Through training, mentorship and access to tools including CodeBuddy, WorkBuddy, and Miora, the programme gave participants experience developing and testing applications against industry requirements. The Singapore competition forms part of Tencent Cloud’s wider hackathon programme, which has brought together more than 10,000 participants across five markets and generated over 1,500 projects in the past six months.

Together, Tencent Cloud’s enterprise AI capabilities, ecosystem partnerships, customer collaborations and talent development initiatives reinforce Singapore’s role as a regional hub for AI innovation and support the company’s broader efforts to help organisations across Southeast Asia translate AI potential into practical outcomes.

About Tencent Cloud

Tencent Cloud, one of the world’s leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation.

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SOURCE Tencent Cloud

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UK supply chain leaders unite to put SMEs at the heart of defence readiness

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November 4, 2026

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OXFORD, England, Nov. 4, 2026 /PRNewswire/ — More than 400 representatives, from government, large enterprises to SMEs, from across the UK defence supply chain gathered at the JOSCAR Live conference organised by supplier data management solutions firm Hellios.

Industry leaders highlighted the critical role of Britain’s suppliers in strengthening national defence readiness. 

Now in its fourth year and supported by BAE Systems as its Gold Sponsor and other key industry players, JOSCAR Live is an annual conference for the defence, aerospace and security industries held on behalf of its JOSCAR (Joint Supply Chain Accreditation Register) community. 

The event brought together buyers and suppliers in an immersive panel-led environment providing delegates with opportunities to network, share insight, take part in ‘meet the buyer’ sessions, and explore an exclusive buyer marketplace. 

The event also celebrated the contribution of smaller businesses through the JOSCAR SME Innovation Award, supported by BAE Systems, recognising innovation across the Defence and Aerospace community. 

The conference involved representatives from the MOD, major contractors including Boeing Defence UK, Leonardo, Ultra Maritime, Jaltek, MBDA, financial institutions such as Lloyds Banking Group, alongside mid-tier suppliers and SMEs from across the country. 

It comes as the UK Government has itself highlighted the important contribution SMEs will make in ensuring the Ministry of Defence (MOD) is equipped to face evolving global threats. Mounting geopolitical, economic and security pressures are reshaping increasingly complex, interconnected supply chains, underlining the importance of giving SMEs greater access to defence procurement opportunities. 

In July, the MOD, as part of the Defence Investment Plan, announced how it will be engaging the SME community through its Small and Medium-sized Enterprise action plan, and Business Growth Service, which is aimed at ‘delivering the most comprehensive package of support in a generation’. 

Led by the Defence Office for Small Business Growth, the department aims to increase defence spending with British firms and SMEs by £2.5 billion by summer 2028, in addition to its current £5 billion baseline. It also plans to introduce measures to simplify public sector procurement, to ensure that advice and support is easier to access, and businesses of all sizes have a fair opportunity to compete for public contracts. 

Supply chain agility critical to defence readiness

Keynote speakers, including Air Vice-Marshal Ange Baker, Director Joint Support at the Ministry of Defence, and Lord Gavin Barwell, Founder of NorthStar Advisory and former Downing Street Chief of Staff, outlined the future direction of UK defence and the MOD’s priorities for readiness, support and future capability in the face of increasingly frequent and overlapping global events. 

Throughout the event leaders discussed the need for supply chains that are resilient, agile and able to respond quickly to evolving geopolitical and security challenges. Speakers stressed the importance of compliance, supplier assurance and greater cross-sector collaboration between industry, government and prime contractors to ensure the defence sector can scale its capability, adapt to changing requirements and maintain operational readiness. 

Air Vice-Marshal Baker said: “From rocks to rockets, our defence readiness depends on the strength and resilience of the entire defence supply chain. SMEs have an increasingly important role to play, bringing vital skills, innovation and agility. Greater collaboration among all stakeholders will be essential if we are to continue to build our capability, capacity, and the robustness to respond effectively to an increasingly complex threat landscape.” 

The industry also focused on the need to invest in future skills and create clearer pathways for SMEs into defence procurement. Greater transparency between stakeholders, clearer demand signals for better visibility around future requirements, and improved access to decisionmakers were highlighted as key to helping suppliers identify opportunities, strengthen partnerships and play a greater role in supporting the UK’s defence capability. 

Dillon Padraig Harmon, Chief Operations Officer at Needles & Pins Aerospace, a SME supplying the defence industry, who also spoke on one of the panels, said: “Current geopolitical tensions have brought into sharp focus the vital role SMEs can play in strengthening the UK’s defence readiness. SMEs are the backbone of Britain, driving innovation, investing in the next generation of talent, and providing the specialist skills our defence supply chain needs. 

“By working closely with industry, education providers and government, we can help develop the skills and services needed to support future defence capability and long-term economic growth. Events such as JOSCAR Live play an important role in bringing SMEs and prime contractors together, creating opportunities to share expertise, build partnerships and strengthen the UK defence supply chain. 

“That greater connectivity across the sector is essential to ensuring the supply chain has the capability, agility and capacity to respond effectively to emerging threats.” 

JOSCAR acts as a centralised compliance and pre-qualification system connecting major contractors with thousands of suppliers. It gives buyers greater visibility, enabling them to manage supply chain risk, including third-party risk management, and meet regulatory requirements. 

Colin Maund, Chief Executive Officer, Hellios, added: “The strength of the UK’s defence sector depends on the capability of the supply chain that feeds it.  

“This year’s conference provided a platform for industry to share knowledge while exploring how all stakeholders can work more effectively together, creating an environment where UK SMEs can flourish. A stronger supply chain community will help support a more agile defence sector that is better prepared and better placed to face the challenges of tomorrow. JOSCAR has already reduced duplication and made the defence industry more efficient, but it is part of a larger and complex picture with much still to do.” 

The next JOSCAR Live conference is planned for 2027. For further information and updates, please visit: https://hellios.com.  

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