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LENDINGTREE REPORTS FIRST QUARTER 2025 RESULTS

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12 months ago

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Revenue Growth Across All Segments Driving Solid Performance

Consolidated revenue of $239.7 millionGAAP net income of $(12.4) million or $(0.92) per diluted shareVariable marketing margin of $77.7 millionAdjusted EBITDA of $24.6 millionAdjusted net income per share of $0.99

CHARLOTTE, N.C., May 1, 2025 /PRNewswire/ — LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation’s leading online financial services marketplace, today announced results for the quarter ended March 31, 2025.

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

“We are happy to report quarterly AEBITDA grew 14% YoY.  The first quarter’s results, driven by YoY revenue growth in all three of our business segments, exemplifies the durability of the ongoing improvement in our financial performance,” said Doug Lebda, Chairman and CEO.

Scott Peyree, President and COO, commented, “Our commitment to operational excellence is steadily delivering numerous wins across the company.  Executing on these various initiatives has helped to broaden growth across all three of our segments.”

Jason Bengel, CFO, added, “The business continues to perform well, helping to fortify our balance sheet.  We remain focused on carefully managing our fixed costs while strategically investing in discrete growth initiatives.  This ongoing commitment to discipline and accountability is becoming ingrained across the company, establishing a culture of efficiency as we move forward.”

First Quarter 2025 Business Highlights

Home segment revenue of $37.0 million increased 22% over first quarter 2024 and produced segment profit of $13.1 million, up 36% from the same period.Within Home, revenue from Home Equity of $25.8 million increased 24% over prior year.Consumer segment revenue of $56.0 million increased 9% from first quarter 2024.Within Consumer, personal loans revenue of $23.4 million grew 16% over prior year.Revenue from our small business offering increased 48% over prior year.Insurance segment revenue of $146.7 million increased 71% over first quarter 2024 and translated into segment profit of $38.7 million, up 16% over the same period.GAAP net income was $(12.4) million, or $(0.92) per diluted share, inclusive of a $15M increase in our litigation reserve following a preliminary agreement on the terms of settlement in the Mantha case, following mediation, which is not final and subject to approval by the court.

 

LendingTree Summary Financial Metrics

(In millions, except per share amounts)

Three Months Ended

March 31,

Y/Y

Three Months Ended
December 31,

Q/Q

2025

2024

% Change

2024

% Change

Total revenue

$    239.7

$    167.8

43 %

$                     261.5

(8) %

(Loss) income before income taxes

$     (14.8)

$        1.6

(1025) %

$                         9.1

(263) %

Income tax benefit (expense)

$        2.4

$       (0.6)

(500) %

$                        (1.6)

(250) %

Net (loss) income

$     (12.4)

$        1.0

(1340) %

$                         7.5

(265) %

Net (loss) income % of revenue

(5) %

1 %

3 %

(Loss) income per share

Basic

$     (0.92)

$      0.08

$                       0.56

Diluted

$     (0.92)

$      0.08

$                       0.55

Variable marketing margin

Total revenue

$     239.7

$    167.8

43 %

$                     261.5

(8) %

Variable marketing expense (1) (2)

$    (162.0)

$    (98.4)

65 %

$                    (174.8)

(7) %

Variable marketing margin (2)

$       77.7

$      69.4

12 %

$                       86.7

(10) %

Variable marketing margin % of revenue (2)

32 %

41 %

33 %

Adjusted EBITDA (2)

$       24.6

$      21.6

14 %

$                       32.2

(24) %

Adjusted EBITDA % of revenue (2)

10 %

13 %

12 %

Adjusted net income (2)

$       13.5

$        9.2

47 %

$                       15.8

(15) %

Adjusted net income per share (2)

$       0.99

$      0.70

41 %

$                       1.16

(15) %

(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, adjusted EBITDA % of revenue, adjusted net income and adjusted net income per share 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

March 31,

Y/Y

Three Months Ended
December 31,

Q/Q

2025

2024

% Change

2024

% Change

Home (1)

Revenue

$       37.0

$      30.4

22 %

$                       34.0

9 %

Segment profit

$       13.1

$        9.6

36 %

$                       11.7

12 %

Segment profit % of revenue

35 %

32 %

34 %

Consumer (2)

Revenue

$       56.0

$      51.5

9 %

$                       55.6

1 %

Segment profit

$       27.1

$      27.4

(1) %

$                       28.2

(4) %

Segment profit % of revenue

48 %

53 %

51 %

Insurance (3)

Revenue

$     146.7

$      85.9

71 %

$                     171.7

(15) %

Segment profit

$       38.7

$      33.4

16 %

$                       48.0

(19) %

Segment profit % of revenue

26 %

39 %

28 %

Other (4)

Revenue

$          —

$          —

— %

$                         0.2

(100) %

Profit (loss)

$          —

$          —

— %

$                           —

— %

Total revenue

$     239.7

$    167.8

43 %

$                     261.5

(8) %

Total segment profit

$       79.0

$      70.5

12 %

$                       87.9

(10) %

     Brand marketing expense (5)

$        (1.3)

$       (1.1)

18 %

$                        (1.2)

8 %

Variable marketing margin

$       77.7

$      69.4

12 %

$                       86.7

(10) %

Variable marketing margin % of revenue

32 %

41 %

33 %

(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, student loans, auto loans, deposit accounts, and debt settlement. We ceased offering the student loan product in Q1 2025.

(3)

The Insurance segment consists of insurance quote products and sales of insurance policies.

(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 are updating our full-year 2025 outlook and introducing our outlook for the second-quarter.

Full-year 2025:

Revenue of $955 – $995 million compared to the prior range of $985 – $1,025 millionVariable Marketing Margin of $319 – $332 million compared to $319 – $336 million previouslyAdjusted EBITDA of $116 – $124 million versus the $116 – $126 million prior range

Second-quarter 2025:

Revenue: $241 – $248 millionVariable Marketing Margin: $80 – $84 millionAdjusted EBITDA: $29 – $31 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 first quarter 2025 financial results will be webcast live today, May 1, 2025, at 5:00 PM Eastern Time (ET). The live audiocast 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’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

March 31,
2025

December 31,
2024

March 31,
2024

(in thousands)

Selling and marketing expense

$      172,751

$      185,858

$      108,176

Non-variable selling and marketing expense (1)

(10,750)

(11,084)

(9,855)

Variable marketing expense

$      162,001

$      174,774

$        98,321

(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 table 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

March 31,
2025

December 31,
2024

March 31,
2024

(in thousands, except percentages)

Net (loss) income

$     (12,375)

$          7,506

$          1,016

Net (loss) income % of revenue

(5) %

3 %

1 %

Adjustments to reconcile to variable marketing margin:

Cost of revenue

9,908

9,744

8,545

Non-variable selling and marketing expense (1)

10,750

11,084

9,855

General and administrative expense

30,660

29,111

25,796

Product development

11,904

12,937

11,857

Depreciation

4,297

4,448

4,667

Amortization of intangibles

1,307

1,467

1,489

Restructuring and severance

798

10

23

Litigation settlements and contingencies

15,212

6

36

Interest expense, net

9,084

9,950

6,638

Other income

(1,388)

(1,143)

(1,034)

Income tax (benefit) expense

(2,430)

1,628

559

Variable marketing margin

$        77,727

$        86,748

$        69,447

Variable marketing margin % of revenue

32 %

33 %

41 %

(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 table 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

March 31,
2025

December 31,
2024

March 31,
2024

(in thousands, except percentages)

Net (loss) income

$     (12,375)

$          7,506

$          1,016

Net (loss) income % of revenue

(5) %

3 %

1 %

Adjustments to reconcile to adjusted EBITDA:

Amortization of intangibles

1,307

1,467

1,489

Depreciation

4,297

4,448

4,667

Restructuring and severance

798

10

23

Loss on impairments and disposal of assets

254

1,797

368

Non-cash compensation

9,867

6,494

7,789

Litigation settlements and contingencies

15,212

6

36

Interest expense, net

9,084

9,950

6,638

Dividend income

(1,388)

(1,144)

(1,034)

Income tax (benefit) expense

(2,430)

1,628

559

Adjusted EBITDA

$        24,626

$        32,162

$        21,551

Adjusted EBITDA % of revenue

10 %

12 %

13 %

LENDINGTREE’S RECONCILIATION OF NON-GAAP MEASURES TO GAAP

Adjusted Net Income

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

Three Months Ended

March 31,
2025

December 31,
2024

March 31,
2024

(in thousands, except per share amounts)

Net (loss) income

$     (12,375)

$          7,506

$          1,016

Adjustments to reconcile to adjusted net income:

Restructuring and severance

798

10

23

Loss on impairments and disposal of assets

254

1,797

368

Non-cash compensation

9,867

6,494

7,789

Litigation settlements and contingencies

15,212

6

36

Gain on extinguishment of debt

(266)

—

—

Adjusted net income

$      13,490

$        15,813

$          9,232

Net (loss) income per diluted share

$         (0.92)

$            0.55

$            0.08

Adjustments to reconcile net (loss) income to adjusted net income

1.92

0.61

0.62

Adjustments to reconcile effect of dilutive securities

(0.01)

—

—

Adjusted net income per share

$          0.99

$            1.16

$            0.70

Adjusted weighted average diluted shares outstanding

13,686

13,591

13,276

Effect of dilutive securities

245

—

—

Weighted average diluted shares outstanding

13,441

13,591

13,276

Effect of dilutive securities

—

224

176

Weighted average basic shares outstanding

13,441

13,367

13,100

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 net incomeAdjusted net income per share

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 and adjusted EBITDA % of revenue 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.

Adjusted net income and adjusted net income per share supplement GAAP net income and GAAP net income per diluted share by enabling investors to make period to period comparisons of those components of the most directly comparable GAAP measures that management believes better reflect the underlying financial performance of the Company’s business operations during particular financial reporting periods. Adjusted net income and adjusted net income per share exclude certain amounts, such as non-cash compensation, non-cash asset impairment charges, gain/loss on disposal of assets, gain/loss on investments, restructuring and severance, litigation settlements and contingencies, acquisition and disposition income or expenses including with respect to changes in fair value of contingent consideration, gain/loss on extinguishment of debt, contributions to the LendingTree Foundation, one-time items which are recognized and recorded under GAAP in particular periods but which might be viewed as not necessarily coinciding with the underlying business operations for the periods in which they are so recognized and recorded, the effects to income taxes of the aforementioned adjustments, any excess tax benefit or expense associated with stock-based compensation recorded in net income in conjunction with FASB pronouncement ASU 2016-09, and income tax (benefit) expense from a full valuation allowance. LendingTree believes that adjusted net income and adjusted net income per share are useful financial indicators that provide a different view of the financial performance of the Company than adjusted EBITDA (the primary metric by which LendingTree evaluates the operating performance of its businesses) and the GAAP measures of net income and GAAP net income per diluted share.

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.

Adjusted net income is defined as net (loss) income 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) gain/loss on extinguishment of debt, (9) contributions to the LendingTree Foundation, (10) one-time items, (11) the effects to income taxes of the aforementioned adjustments, (12) any excess tax benefit or expense associated with stock-based compensation recorded in net income in conjunction with FASB pronouncement ASU 2016-09, and (13) income tax (benefit) expense from a full valuation allowance.

Adjusted net income per share is defined as adjusted net income divided by the adjusted weighted average diluted shares outstanding. For periods which the Company reports GAAP loss, the effects of potentially dilutive securities are excluded from the calculation of net loss per diluted share because their inclusion would have been anti-dilutive. In periods where the Company reports GAAP loss but reports positive non-GAAP adjusted net income, the effects of potentially dilutive securities are included in the denominator for calculating adjusted net income per share if their inclusion would be dilutive.

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 and adjusted net income are 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 and Adjusted Net Income

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 and adjusted net income.

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.  Amortization of intangibles are only excluded from adjusted EBITDA.

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; 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; competition; effects of changing laws, rules or regulations on our business model; 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, 2024, 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 over 430 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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Technology

Tineco Heats Up Autumn With Up To 56% Off Amazon Range from the Global Leader In Hard Floor Cleaning

Published

46 minutes ago

on

April 20, 2026

By

SYDNEY, April 20, 2026 /PRNewswire/ — Tineco, the world’s #1 leader in wet and dry hard floor cleaning, has today announced details of its Autumn Amazon sale commencing today, delivering Australians up to 56% off world-leading floorcare technology that makes it easier than ever to ditch the mop and bucket and upgrade the cleaning routine to include smarter, faster, more effective tools.

With Autumn setting in and kids sports season kicking off this month, Aussie households are already experiencing more dirt, dust and mess being tracked into living spaces. As the #1 wet & dry floor cleaner brand on Amazon in Australia for three years running, Tineco’s range brings thoughtful design and a deep understanding of everyday cleaning needs.

From today through to May 3, 2026, Tineco is offering up to $500 OFF select models in its Amazon range that features Tineco’s proprietary HyperSteam, HyperStretch and FlashDry self-cleaning technologies. When combined, these features enhance the everyday cleaning routines of busy Aussie households, for a hygienic home environment.

Available via Amazon Australia, models include:

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What makes Tineco floor cleaners stand out?

MHCBS (Maintain Hygiene Clean Brush System) Technology: Continuously cleans the brush roller with fresh water while removing dirty water at high speed, helping prevent streaks and deliver a more hygienic, residue-free clean. This makes a significant difference in the effectiveness of the floor clean, with only clean water used at all times of the cleaning process.iLoop Smart Sensor Technology: Automatically detects dirt and adjusts suction power and water flow.HyperStretch Technology: 180° lay-flat design that fully reclines to make it easy to get into hard-to-reach places – giving dust nowhere to hide.FlashDry Self-cleaning: With the push of one button the appliance cleans itself from the rollers to the brush in just 5 minutes.Hypersteam Technology: 140°C steam works to remove stains, bacteria, and naturally disinfect floors – providing a hygienic environment for kids and pets.

Further detail about Tineco’s models on sale via Amazon Australia, along with links to imagery are available below:

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Tineco’s FLOOR ONE Stretch S6 cleans up wet and dry messes in one step and offers Dual-sided Edge Cleaning to get close up to skirtings and walls. Its 45° swivel design helps easily manoeuvre around furniture such as chairs and table legs and combined with a lay-flat design that reduces to just 13cm to get under low furniture, the Stretch S6 has daily spot cleaning covered. The inclusion of Tineco’s signature FlashDry self-cleaning system that uses 70° fresh water and air to clean and dry from the pipes to the rollers means hands-free maintenance and an appliance that is always at the ready for its next task.

FLOOR ONE Switch S7 Stretch I NOW $799 (was $1,199) I Available from 20th April to 3rd May 2026 at Amazon Australia
Tineco’s FLOOR ONE Switch S7 Stretch is a 5-in-1 multi-function cleaner that features a SwitchPro Motor to switch between floor washer and vacuum for whole-house cleaning on the go. DualBlock Anti-Tangle design and ZeroTangle Brush design targets hair messes and pet fur with ease and prevents tangling. An upgraded FlashDry self-cleaning system uses fresh water heated to 85°C to effectively dissolve stains from the pipe to the brush roller after use and the 85°C hot air effectively dries every part of the machine.

FLOOR ONE S7 Artist I NOW $579 (was $899) I Available from 20th April to 3rd May 2026 at Amazon Australia
Boasting an elegant design, Tineco’s FLOOR ONE S7 Artist subtly blends into the aesthetic of modern homes while retaining high performance, effective deep cleaning with powerful 22kPa suction and a 50-min run time. Its ultra-slim lay-flat design means the appliance compresses to just 12.85cm to fit under beds and sofas, and DualBlock Anti-Tangle scrapers prevent hair tangling and clogging – ideal for homes with fur-friends sharing living areas. FlashDry self-cleaning also features in this model, giving consumers every reason to smile thanks to a value-packed deal.

FLOOR ONE i7 Stretch Steam I NOW $599 (was $999) I Available from 20th April to 3rd May 2026 at Amazon Australia
Featuring Tineco’s premium HyperSteam Technology, the FLOOR ONE i7 Stretch Steam uses super-heated steam (up to 140℃ and reaching the floor at no less than 99℃) to dissolve stubborn grease, stains and sticky residue from floor surfaces. The 180° lay-flat design effortlessly reaches low areas, enabling the cleaning of hidden dust at heights as low as 13 cm. An 80-min run time allows for whole-house cleaning on a single charge and FlashDry self-cleaning makes post-use clean up quick and easy.

CARPET ONE Cruiser I NOW $699 (was $1,199) I Available from 20th April to 3rd May 2026 at Amazon Australia
The CARPET ONE Cruiser integrates SmoothPower Technology and bi-directional assist-wheels which improve maneuverability across carpeted surfaces. Combined with a repositioned water tank, less effort is required by the user to push and pull the appliance during the carpet cleaning process. It also incorporates clever high temperature PowerDry Technology that extracts water powerfully and dries washed carpets with 75°C heated air to accelerate the drying process. It reduces drying time by 50% or more compared to traditional models, helping to prevent mould and mildew and allowing carpeted areas to be used sooner. The CARPET ONE Cruiser includes additional cleaning tools for spot cleaning. For hands-free maintenance, the CARPET ONE Cruiser features FlashDry Technology – an automatic, two-minute self-cleaning cycle that flushes the brush, suction inlet, and roller cover, followed by a five-minute 55°C flash drying cycle that completely dries each component, preventing odours. Plus, iLoop Smart Sensors to automatically adjust water flow and suction power based on the level of dirt and debris detected.

Tineco’s ongoing commitment to provide feature-rich and value-for-money cleaning solutions for consumers has led the company to be recognised as the #1 global leader in the household wet & dry floor cleaner category* for the fourth consecutive year by Euromonitor International, the world’s leading independent provider of strategic market research.

To learn more about Tineco’s Amazon range of intelligent stick vacuums, floor washers, and carpet cleaners, visit https://www.amazon.com.au/tineco

ABOUT TINECO
Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 23 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation. For more information, visit https://au.tineco.com/  

*Source: Euromonitor International (Shanghai) Co., Ltd.; measured in terms of the brand & global retail sales volume (in units) of household wet & dry vacuum cleaners in 2022, 2023, 2024, and 2025. Household wet & dry vacuum cleaners are defined as household cleaners that dispense clean water (or cleaning solution) to wash hard floors and vacuum the dirty water and debris thereafter. Based on research completed in March 2026.

 

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SOURCE Tineco

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LG Innotek to Supply Cutting-Edge Automotive Wi-Fi 7 Communication Module to a leading European automotive parts company

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2 hours ago

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April 19, 2026

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Order value of approximately USD 68M with mass production to begin in 2027Offering data transmission speed three times faster, with no speed degradation even with multiple devices connected simultaneouslyChanging perception of car considered as ‘a second living space’…Trend enhancing growth of Automotive Wi-Fi market, expected to grow 9.6% annually

SEOUL, South Korea, April 20, 2026 /PRNewswire/ — LG Innotek (CEO Moon Hyuksoo) announced on the 20th of this month that it will supply its Automotive Wi-Fi 7 Communication Module, featuring cutting-edge Wi-Fi technology, to a leading European automotive parts company.

The order is worth approximately USD 68M. Mass production of the module will begin in 2027. LG Innotek’s Automotive Wi-Fi 7 Communication Module will be integrated into Audio, Video, and Navigation(AVN) systems, which will then be delivered to the global OEM customer.  

By commercializing its first Automotive Wi-Fi 7 communication module from 2005, LG Innotek expects to cement its leading position in the global automotive connectivity solution market.

LG Innotek’s Automotive Wi-Fi 7 Communication Module supports an ultra-wide bandwidth of 320MHz, doubling the bandwidth per channel (width of the path radio waves travel) compared to existing Wi-Fi 6E (6th Generation Extended) modules. Consequently, data throughput and transmission speeds are three times faster than before.  The module is also equipped with 4K-QAM technology which increases the data processing quantity by 20%.

Furthermore, LG Innotek designed the module to support up to two antennas by applying Multiple-Input Multiple-Output(MIMO) technology which helps significantly reduce signal loss. A single antenna might miss some signals while handling data transmission, whereas if there is another supplementary antenna, all those missed signals can be covered. This is the reason why several devices, connected at the same time in the same vehicle, can transmit and receive large amounts of data using ultra-high-speed Wi-Fi without experiencing any interruption or latency.

LG Innotek’s Automotive Wi-Fi 7 Communication Module incorporates over 150 components, including a Qualcomm communication chip, RF circuitry, and antennas. The module is also compact and slim, measuring about one-sixth the size of a credit card.

In addition, the new module can withstand extreme external temperatures ranging from -40°C to 105°C (-40°F to 221°F). It also resists deformation even when exposed to the heat generated by transmitting large amounts of data or the cold when parked outdoors for extended periods in the dead of winter. This is because it was developed with a larger surface area at the circuit-bonding points, allowing it to withstand repeated contraction and expansion.

LG Innotek is also actively promoting the Automotive Wi-Fi 7 Communication Module for European and Japanese OEM customers.

AVN system will not be the exclusive application of the module. LG Innotek is indeed planning to expand the product’s application area to RSE(Rear Seat Entertainment) systems, TCU (Telematics Control Unit) and DCU (Domain Control Unit).

LG Innotek is thus accelerating the expansion of its global market share with automotive connectivity solutions that deliver differentiated customer value, including not only its new automotive Wi-Fi 7 module but also the 5G-V2X Communication Module, 5G-NAD Communication Module, and Automotive AP Module.

Moon Hyuksoo, CEO of LG Innotek stated, “Growth is expected to gain further momentum, driven by Mobility Solution revenue, which is projected to grow by an average of 20% annually for the foreseeable future, particularly as sales of automotive AP modules begin in earnest in the fourth quarter of this year. LG Innotek will continue to lead the market by introducing innovative solutions that deliver differentiated driving experiences.”

[Glossary] Automotive Wi-Fi communication module:
This is a short-range wireless communication component that connects the infotainment(IVI: In-Vehicle Infotainment) system, which controls vehicle operation information and multimedia content, to internal smart devices and external routers. It is primarily installed in the front AVN(Audio Video Navigation) system and rear seat displays. With this Wi-Fi module, all passengers can use video conferencing services, stream videos, listen to music, and more without worrying about data consumption or smartphone tethering.
As cars evolve beyond mere transportation into a “second living space,” the automotive Wi-Fi communication module is gaining attention as a core electronic component for the connected car and autonomous driving era.

[Glossary] QAM (Quadrature Amplitude Modulation)
QAM refers to a method of transmitting data by embedding it in wireless signals. The higher the QAM level, the more data can be transmitted at once. Wi‑Fi 7 supports 4,096 (4K) QAM, which is four times higher than the previous generation.

[Reference] Global In-Vehicle Wi-Fi Market Size
According to Global Market Insights (GMI), the global in-vehicle Wi‑Fi market is projected to grow at a compound annual growth rate (CAGR) of 9.6%, expanding from USD 20.9 billion in 2025 to USD 47.7 billion by 2035. In line with this market trend, global automakers are increasingly launching new vehicles equipped with Wi‑Fi communication modules as a standard feature.

 

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SOURCE LG Innotek

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BrightParent Introduces Personalized Parenting App for Parents of Kids Ages 5 to 17

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4 hours ago

on

April 19, 2026

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BrightParent gives parents personalized support, in-the-moment guidance, and 7-day programs for everyday challenges like bedtime battles, homework conflict, big emotions, and sibling tension.

MONTREAL, April 19, 2026 /PRNewswire-PRWeb/ — BrightParent, a new parenting app for iPhone and iPad, is now available on the App Store.

“BrightParent was created as a parenting tool that can not only help in the moment, but also support families as they work through patterns that come up again and again.”

Designed for parents of children ages 5 to 17, BrightParent was created to address a gap many families run into every day: parenting advice often sounds good in theory but can feel too generic, too idealized, or too hard to use when real situations are unfolding at home.

“Parents are often trying to respond well in moments that are messy, emotional, and moving fast,” said Claire Bennett, media contact for BrightParent. “What is missing in a lot of existing advice is something that feels calm, practical, and specific enough to help with the child and situation right in front of you.”

BrightParent focuses on common parenting situations such as bedtime resistance, homework struggles, emotional outbursts, sibling conflict, screen time transitions, difficult mornings, and everyday boundary issues.

The app begins with a detailed onboarding process that helps parents build a fuller picture of their child and family context. That information helps shape the support BrightParent provides, so the guidance reflects the child’s age, the situation the parent describes, and the broader family context.

Parents can type in what is happening and receive practical guidance along with simple, natural scripts they can use with their child. For families working through recurring challenges, BrightParent also offers structured 7-day programs, including custom programs parents can create around the specific issues they want help addressing over time.

“The goal was not to build another general-purpose chatbot,” Bennett said. “BrightParent was created as a parenting tool that can not only help in the moment, but also support families as they work through patterns that come up again and again.”

BrightParent is built specifically for everyday parenting support. It is not a general purpose chatbot and does not provide medical, clinical, therapeutic, diagnostic, or crisis services.

BrightParent is available now on the App Store for iPhone and iPad.

Website: https://www.brightparent.app/

App Store: https://apps.apple.com/app/id6759067566

Media page: https://www.brightparent.app/media/

About BrightParent

BrightParent is a parenting app for iPhone and iPad designed for parents of children ages 5 to 17. It offers age-appropriate guidance, practical scripts, and structured support for everyday parenting situations, with personalization informed by the child and family context shared during setup.

Media Contact

Claire Bennett, BrightParent, 1 514-558-4664, media@brightparent.app, https://www.brightparent.app/

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SOURCE BrightParent

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