Connect with us

Technology

LENDINGTREE REPORTS SECOND QUARTER 2026 RESULTS

Published

3 months ago

on

Revenue Grew 25% YoY Driven By Strong Insurance Segment Performance

Consolidated revenue of $313.4 millionGAAP net income of $9.6 million or $0.68 per diluted shareVariable marketing margin of $87.3 millionAdjusted EBITDA of $35.2 million

CHARLOTTE, N.C., July 29, 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 June 30, 2026.

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

“We posted our eighth straight quarter of double-digit year-over-year adjusted EBITDA growth in Q2, powered by another solid quarter from our Insurance segment,” said Scott Peyree, CEO.  “We also accomplished a great deal on the product and AI front during the period.  We launched several new consumer-facing AI capabilities such as our ChatGPT app, expanded our marketplace into six new verticals, and we are continuing to see strong results from our homepage redesign.  We remain laser focused as a team on executing our strategy to become the Number One Destination to Shop For Financial Products.”

Jason Bengel, CFO, commented, “Solid Insurance segment results were offset by weaker than expected Consumer performance in Q2.  Last quarter we called out an expected sequential decline in Consumer, driven by suppressed borrower demand in our small business segment.  This demand trend continued to deteriorate throughout the quarter.  However, appetite from small business owners for new loans on our network has since stabilized, and we expect sequential revenue growth through the remainder of the year.  SMB has been a great success story for our company, having grown segment revenue nearly 40% year-over-year on average dating back to the beginning of 2024.  Lenders remain very active on our network, and we expect an increase in borrower demand will allow us to climb back to, and eventually surpass, the record SMB performance in Q1 of this year based on strong structural tailwinds in the segment.”

Second Quarter 2026 Business Results

Insurance segment revenue of $209.3 million increased 42% over second quarter 2025 and translated into  segment profit of $50.0 million, up 25% over the same period.Consumer segment revenue of $60.3 million decreased 4% from the prior year period, while segment profit declined 14%.Home segment revenue of $43.9 million increased 9% over second quarter 2025 and produced segment profit of $11.3 million, a decline of 14% over the same period. Within Home, revenue from Home Equity of $34.9 million increased 15% over prior year.

LendingTree Summary Financial Metrics

(In millions, except per share amounts)

Three Months Ended

June 30,

Y/Y

Three Months Ended
March 31,

Q/Q

2026

2025

% Change

2026

% Change

Total revenue

$  313.4

$  250.1

25 %

$             327.3

(4) %

Income before income taxes

$    14.1

$    10.8

31 %

$               22.9

(38) %

Income tax expense

$     (4.5)

$     (1.9)

137 %

$                (5.6)

(20) %

Net income

$      9.6

$      8.9

8 %

$               17.3

(45) %

Net income % of revenue

3 %

4 %

5 %

Income per share

Basic

$    0.69

$    0.65

$               1.25

Diluted

$    0.68

$    0.65

$               1.22

Variable marketing margin

Total revenue

$   313.4

$  250.1

25 %

$             327.3

(4) %

Variable marketing expense (1) (2)

$  (226.1)

$ (166.5)

36 %

$            (227.8)

(1) %

Variable marketing margin (2)

$     87.3

$    83.6

4 %

$               99.5

(12) %

Variable marketing margin % of revenue (2)

28 %

33 %

30 %

Adjusted EBITDA (2)

$     35.2

$    31.8

11 %

$               42.0

(16) %

Adjusted EBITDA % of variable marketing margin (2)

40 %

38 %

42 %

(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

June 30,

Y/Y

Three Months Ended March 31,

Q/Q

2026

2025

% Change

2026

% Change

Home (1)

Revenue

$    43.9

$    40.4

9 %

$               39.1

12 %

Segment profit

$    11.3

$    13.1

(14) %

$               10.0

13 %

Segment profit % of revenue

26 %

32 %

26 %

Consumer (2)

Revenue

$    60.3

$    62.5

(4) %

$               66.3

(9) %

Segment profit

$    27.6

$    32.1

(14) %

$               32.9

(16) %

Segment profit % of revenue

46 %

51 %

50 %

Insurance (3)

Revenue

$  209.3

$  147.2

42 %

$             221.9

(6) %

Segment profit

$    50.0

$    40.0

25 %

$               57.9

(14) %

Segment profit % of revenue

24 %

27 %

26 %

Other (4)

Revenue

$       —

$      —

— %

$                  —

— %

(Loss)

$    (0.1)

$      —

— %

$               (0.1)

— %

Total revenue

$  313.4

$  250.1

25 %

$            327.3

(4) %

Total segment profit

$    88.8

$    85.1

4 %

$            100.8

(12) %

     Brand marketing expense (5)

$     (1.5)

$     (1.5)

— %

$               (1.2)

25 %

Variable marketing margin

$    87.3

$    83.6

4 %

$              99.5

(12) %

Variable marketing margin % of revenue

28 %

33 %

30 %

(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 and sales of insurance policies. We closed the insurance agency business and ceased the sale of insurance policies in the second quarter of 2025.

(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 provide our outlook for Q3:

Full-year 2026:*

Revenue of $1.30 to $1.32 billionVariable Marketing Margin of $364 – $374 millionAdjusted EBITDA of $145 – $152 million

Third-quarter 2026:*

Revenue:  $325 – $335 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 second quarter 2026 financial results will be webcast live today, July 29, 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

June 30,

Six Months Ended

June 30,

2026

2025

2026

2025

(in thousands, except per share amounts)

Revenue

$  313,422

$  250,116

$  640,689

$  489,844

Costs and expenses:

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

11,269

10,029

22,965

19,937

Selling and marketing expense (1)

236,453

176,753

475,021

349,504

General and administrative expense (1)

25,710

25,034

53,700

55,694

Product development (1)

10,032

11,473

21,499

23,377

Depreciation

4,277

4,241

8,462

8,538

Amortization of intangibles

1,288

1,307

2,576

2,614

Restructuring and severance (1)

1,839

357

2,778

1,155

Litigation settlements and contingencies

756

(2)

776

15,210

Total costs and expenses

291,624

229,192

587,777

476,029

Operating income

21,798

20,924

52,912

13,815

Other income (expense), net:

Interest expense, net

(8,483)

(10,402)

(17,049)

(19,486)

Other income

832

248

1,201

1,636

Income (loss) before income taxes

14,147

10,770

37,064

(4,035)

Income tax (expense) benefit

(4,573)

(1,908)

(10,224)

522

Net income (loss) and comprehensive income (loss)

$     9,574

$     8,862

$    26,840

$    (3,513)

Weighted average shares outstanding:

Basic

13,965

13,549

13,895

13,495

Diluted

14,054

13,650

14,156

13,495

Net income (loss) per share:

Basic

$       0.69

$       0.65

$       1.93

$      (0.26)

Diluted

$       0.68

$       0.65

$       1.90

$      (0.26)

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

Cost of revenue

$        169

$         58

$        274

$         28

Selling and marketing expense

925

678

1,526

1,335

General and administrative expense

3,282

3,492

6,003

11,863

Product development

828

739

1,461

1,608

Restructuring and severance

1,012

195

1,012

255

 

LENDINGTREE, INC. AND SUBSIDIARIES

CONSOLIDATED BALANCE SHEETS

(Unaudited)

June 30,
2026

December 31,
2025

(in thousands, except par value
and share amounts)

ASSETS:

Cash and cash equivalents

$   110,766

$    81,073

Accounts receivable, net

149,287

110,582

Prepaid and other current assets

39,751

38,053

Total current assets

299,804

229,708

Property and equipment, net

30,384

32,834

Operating lease right-of-use assets

29,973

31,655

Goodwill

381,539

381,539

Intangible assets, net

35,516

38,092

Deferred income tax assets

114,737

124,867

Other non-current assets

19,678

16,997

Total assets

$  911,631

$  855,692

LIABILITIES:

Current portion of long-term debt

$     3,932

$     3,926

Accounts payable, trade

47,351

6,735

Accrued expenses and other current liabilities

111,086

126,803

Total current liabilities

162,369

137,464

Long-term debt

386,351

387,694

Operating lease liabilities

41,996

43,597

Other non-current liabilities

143

140

Total liabilities

590,859

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; 17,389,706 and 17,124,837 shares
issued, respectively, and 14,034,240 and 13,769,371 shares outstanding, respectively

174

171

Additional paid-in capital

1,288,035

1,280,903

Accumulated deficit

(701,259)

(728,099)

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

(266,178)

(266,178)

Total shareholders’ equity

320,772

286,797

Total liabilities and shareholders’ equity

$  911,631

$  855,692

 

LENDINGTREE, INC. AND SUBSIDIARIES

 CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)

Six Months Ended

June 30,

2026

2025

(in thousands)

Net cash provided by operating activities

40,717

27,743

Cash flows from investing activities:

Capital expenditures

(5,935)

(6,158)

Other investing activities

52

—

Net cash used in investing activities

(5,883)

(6,158)

Cash flows from financing activities:

Proceeds from term loan

—

50,000

Repayment of term loan

(2,000)

(6,563)

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

(3,141)

(2,285)

Repurchase of 0.50% Convertible Senior Notes

—

(19,700)

Payment of debt costs

—

(500)

Net cash (used in) provided by financing activities

(5,141)

20,952

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

29,693

42,537

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

$   110,766

$   149,131

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

June 30,
2026

March 31,
2026

June 30,
2025

(in thousands)

Selling and marketing expense

$   236,453

$   238,568

$   176,753

Non-variable selling and marketing expense (1)

(10,370)

(10,848)

(10,285)

Variable marketing expense

$   226,083

$   227,720

$   166,468

(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 income, the most directly comparable GAAP measure, to variable marketing margin and net 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

June 30,
2026

March 31,
2026

June 30,
2025

(in thousands, except percentages)

Net income

$      9,574

$     17,266

$      8,862

Net income % of revenue

3 %

5 %

4 %

Adjustments to reconcile to variable marketing margin:

Cost of revenue

11,269

11,696

10,029

Non-variable selling and marketing expense (1)

10,370

10,848

10,285

General and administrative expense

25,710

27,990

25,034

Product development

10,032

11,467

11,473

Depreciation

4,277

4,185

4,241

Amortization of intangibles

1,288

1,288

1,307

Restructuring and severance

1,839

939

357

Litigation settlements and contingencies

756

20

(2)

Interest expense, net

8,483

8,566

10,402

Other income

(832)

(369)

(248)

Income tax expense

4,573

5,651

1,908

Variable marketing margin

$     87,339

$     99,547

$     83,648

Variable marketing margin % of revenue

28 %

30 %

33 %

(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 income, the most directly comparable GAAP measure, to adjusted EBITDA and net 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

June 30,
2026

March 31,
2026

June 30,
2025

(in thousands, except percentages)

Net income

$      9,574

$     17,266

$      8,862

Net income % of revenue

3 %

5 %

4 %

Adjustments to reconcile to adjusted EBITDA:

Amortization of intangibles

1,288

1,288

1,307

Depreciation

4,277

4,185

4,241

Restructuring and severance

1,839

939

357

Loss (gain) on impairments and disposal of assets

—

3

—

Loss on investments

—

359

1,225

Non-cash compensation

5,204

4,060

4,967

Contribution to LendingTree Foundation

—

400

—

Litigation settlements and contingencies

756

20

(2)

Interest expense, net

8,483

8,566

10,402

Dividend income

(832)

(728)

(1,474)

Income tax expense

4,573

5,651

1,908

Adjusted EBITDA

$     35,162

$     42,009

$     31,793

Adjusted EBITDA % of revenue

11 %

13 %

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 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

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; 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 March 31, 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    

View original content to download multimedia:https://www.prnewswire.com/news-releases/lendingtree-reports-second-quarter-2026-results-302838118.html

SOURCE LendingTree, Inc.

Related Topics:
Continue Reading

Technology

NAVER D2SF Invests in On-Device AI Startup TraceWeave

Published

50 minutes ago

on

October 21, 2026

By

TraceWeave develops its own post-Transformer AI architecture that enables AI agents to run on memory-constrained devicesCompletes paid pilot in mobility; pursues commercialization across robots, drones, smart glasses, and moreNAVER D2SF continues to invest in on-device AI and next-generation device technologies

SEOUL, South Korea, Oct. 20, 2026 /PRNewswire/ — NAVER D2SF has made a new investment in TraceWeave, an on-device AI startup led by co-founder and CEO Jaeyoung Park. TraceWeave is the team behind Phase-TITAN, a post-Transformer architecture that understands long contexts and carries out multi-step tasks while keeping memory usage constant. NAVER D2SF recognized the company’s core technology for enabling AI agents on resource-constrained devices.

As AI expands to robots, vehicles, smart glasses, and drones, its applications are advancing beyond simple chatbots toward complex reasoning and decision-making. In Transformer-based models, the key-value cache (KV-Cache) grows with context length, requiring more memory. On-device constraints in memory, battery life, and heat have made it difficult to implement AI agents that understand long contexts and perform complex tasks.

TraceWeave’s Phase-TITAN is a new AI architecture designed to resolve this memory bottleneck by replacing the conventional Transformer architecture altogether. TraceWeave develops its own AI models rather than relying on existing open-source models. Memory usage remains constant as context grows. According to TraceWeave, at a 1M-token context without quantization, a comparable Transformer’s KV-Cache holds tens of gigabytes or more, while its 1B Phase-TITAN model holds 0.04 GB. This enables agents to call tools, interpret results, and decide on their next actions entirely on the device, without cloud calls. TraceWeave’s internal benchmarks on RULER and BFCL indicate that Phase-TITAN maintains performance on par with Transformer models of the same size and larger.

TraceWeave has demonstrated a multi-step agent running on a smartphone using only its CPU, without cloud calls. In mobility, it completed a paid pilot with the autonomous driving affiliate of a global automotive group, identifying driving-data frames that improve the partner’s autonomous driving model without human annotation. It is also validating in-vehicle agent performance with a global automotive electronics software company and exploring opportunities in robots, drones, smart glasses, and wearables. TraceWeave was a Top 20 finalist in NVIDIA’s 2026 Inception Grand Challenge.

TraceWeave was co-founded in October 2025 by researchers with backgrounds at ETH Zurich, Google, and KAIST. The team combines engineering expertise grounded in computational neuroscience and physics with business development capabilities, designing its own architecture and validating it in device environments that reflect real-world customer needs. In this seed round led by Mirae Asset Capital, TraceWeave raised approximately KRW 3 billion at a pre-money valuation of approximately KRW 30 billion. Based at NAVER D2SF @Gangnam, the company plans to use the funding to expand its research and engineering team for next-generation architecture development and grow its business.

“Taking the KV cache out was never the hard part. Staying capable without it was,” said Jaeyoung Park, co-founder and CEO of TraceWeave. “The best part is no part. Phase-TITAN already delivers Transformer-class capability without the Transformer’s memory tax, and the next one goes well beyond its class, with the memory still fixed.”

“On-device AI is a core technology for implementing complex, advanced AI across diverse device environments beyond PCs, and it also offers advantages in reducing cloud call costs and protecting privacy,” said Sanghwan Yang, Head of NAVER D2SF. “TraceWeave is a team that is innovating AI architecture to overcome the limitations of existing AI models and bring AI to on-device environments.”

View original content:https://www.prnewswire.com/news-releases/naver-d2sf-invests-in-on-device-ai-startup-traceweave-302913752.html

SOURCE NAVER D2SF

Continue Reading

Technology

Gear Up for Year-End Wellness: iHerb Spotlights 4 Everyday Health Essentials and Kicks Off 11.11 Early Access Sale with Up to 40% Off Sitewide

Published

50 minutes ago

on

October 21, 2026

By

HONG KONG, Oct. 21, 2026 /PRNewswire/ — As October gets underway, many individuals are proactively preparing their daily health and self-care routines ahead of the busy year-end season. Global health and wellness e-commerce platform iHerb has curated a premier lineup of four top-selling daily nutritional supplements from its flagship house brand, California Gold Nutrition, and consumer-favorite brand, Doctor’s Best. Encompassing marine collagen, Omega-3 fatty acids, CoQ10, and chelated magnesium, this selection addresses distinct nutritional priorities, providing consumers with comprehensive, high-quality choices for daily maintenance and holistic vitality.

The iHerb Singles’ Day Early Access campaign officially launches today and runs through October 28. During the promotional period, shoppers can apply promo code “HD11BUY” at checkout to receive up to 40% off sitewide. Additionally, new customers worldwide can use promo code “WELCOME7” to enjoy 30% off their first purchase—offering consumers the ideal opportunity to proactively map out their year-end wellness and nutrition regimens.

Daily Wellness from Within: Collagen and Omega-3 as Nutritional Building Blocks

Founded in the United States and powered by 30 years of global health curation, iHerb offers an extensive catalogue spanning vitamins, dietary supplements, beauty, sports nutrition, and everyday lifestyle essentials. The platform empowers consumers to explore premier wellness goods from around the world all in one convenient place.

Among the featured highlights is California Gold Nutrition’s Hydrolyzed Marine Collagen Peptides + Hyaluronic Acid and Vitamin C. This synergistic formula pairs bioavailable hydrolyzed marine collagen peptides with hyaluronic acid and antioxidant vitamin C. Formulated as an unflavored, easily dissolvable powder, it blends effortlessly into morning coffee, smoothies, or water according to usage guidelines, offering a hassle-free addition to daily beauty and mobility regimens.

For essential fatty acid support, California Gold Nutrition’s Omega-3 Premium Fish Oil provides concentrated Omega-3 fatty acids, specifically EPA and DHA. Delivered in fish gelatin softgels, it offers an accessible, high-purity option for consumers seeking to incorporate vital fatty acids into their daily dietary routine to maintain overall cardiovascular, cognitive, and cellular wellness.

Targeted Cellular Vitality and Essential Minerals: Advanced Science from Doctor’s Best

Complementing collagen and fish oil, trusted wellness brand Doctor’s Best delivers science-backed formulations for more specialized nutritional support. The brand’s High Absorption CoQ10 utilizes naturally fermented Coenzyme Q10 paired with patented BioPerine® black pepper extract to enhance nutrient absorption and bioavailability. It provides an exceptional daily option for adults focused on supporting cardiovascular function, cellular energy generation, and antioxidant defenses.

Another standout favorite is Doctor’s Best High Absorption Magnesium Lysinate Glycinate, which features Albion® TRAACS® chelated magnesium in convenient tablet form. This fully chelated delivery ensures high bioavailability and superior digestive tolerance, allowing consumers to easily select the right daily supplement tailored to their dietary habits, physical activity, and relaxation needs.

Special Promotion: 11.11 Early Access

Sitewide Early Bird Offer: Use promo code HD11BUY to take up to 40% off sitewide.

New Customer Welcome: First-time shoppers globally can apply promo code WELCOME7 for 30% off their order.Promotion Window: Active immediately through October 28, 2026.Details & WhatsApp: Subject to terms and product eligibility on the official iHerb website. Subscribe to the official iHerb Hong Kong WhatsApp channel for real-time campaign updates.

About iHerb (https://hk.iherb.com/）

iHerb is a world-leading e-commerce destination dedicated to health, wellness, and self-care. Founded in California in 1996, iHerb now serves millions of customers across more than 180 countries. With a selection of over 40,000 authentic, high-quality products across vitamins, supplements, sports nutrition, personal care, and grocery items, iHerb delivers value and convenience directly to doorsteps worldwide, supported by state-of-the-art GMP-registered, climate-controlled distribution centers.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/gear-up-for-year-end-wellness-iherb-spotlights-4-everyday-health-essentials-and-kicks-off-11-11-early-access-sale-with-up-to-40-off-sitewide-302914770.html

SOURCE iHerb

Continue Reading

Technology

EPG Showcases Full-Stack AIDC Capabilities and Global Delivery Network at DCWA 2026 in Singapore

Published

50 minutes ago

on

October 21, 2026

By

SINGAPORE, Oct. 21, 2026 /PRNewswire/ — EPG, a global provider for prefabricated modular data center infrastructure, showcased its latest AI data center solutions at Data Centre World Asia (DCWA) 2026, held in Singapore on September 29–30. Demonstrating its commitment to Asia-Pacific and the markets beyond, EPG presented its AI Core prefabricated modular data center solution and Edge POD prefabricated edge data center solution, alongside the global launch of AeroLev 1850, an air-cooled, magnetic-bearing chiller platform jointly introduced with MagPro. Together, these offerings demonstrate EPG’s end-to-end capabilities across modular infrastructure and high-efficiency cooling for AI data centers (AIDCs).

At the opening address for the Critical Infrastructure Theatre, EPG Chief Operating Officer Johnny Zhang highlighted the growing demands AI is placing on data center infrastructure, from higher power density and faster deployment to more efficient cooling. As AI continues to evolve, infrastructure must keep pace to support the next generation of AI computing.

Building on these themes, Johnny Zhang moderated a panel discussion on the future of data centers, resilience and digital infrastructure, bringing together industry experts from data center design, cloud and AI infrastructure, and cooling technology to explore emerging requirements for energy efficiency, high-density cooling and scalability. EPG Chief Technology Officer Enso Li also presented AI Core at the Energy Security & Efficiency Theatre, demonstrating how standardized modules and factory prefabrication can accelerate data center deployment.

Alongside these industry discussions, EPG continued to strengthen its global partnerships. The company signed cooperation agreements with international industry partners across AI data center planning, construction and delivery. These collaborations will support the development of next-generation data center infrastructure, broaden EPG’s ecosystem across the Asia-Pacific and expand its presence in global markets.

Complementing these industry engagements, EPG showcased its AI Core and Edge POD solutions across its exhibition space, welcoming visitors to explore its modular infrastructure offerings. AI Core takes a prefabricated, modular approach to AI infrastructure, integrating standardized power, cooling and other critical infrastructure modules to simplify deployment and enable flexible expansion as compute requirements grow. Built on this modular approach, EPG’s E Series offers configurable solutions tailored to different project requirements. One of its offerings, Edge POD, is an all-in-one solution for distributed computing environments where power availability and deployment speed are critical. Designed for 1–10 MW applications, Edge POD supports rapid deployment, low-latency computing and distributed redundancy.

EPG’s joint venture, MagPro, also introduced its new magnetic levitation chiller platform, AeroLev 1850. The 1.85 MW-class, air-cooled, magnetic-bearing chiller platform is designed for next-generation AI data centers in water-scarce, high-ambient environments, with chilled-water outlet temperatures of up to 45°C. Its cooling-tower-free architecture combines oil-free magnetic-levitation technology with intelligent controls to deliver efficient, reliable cooling while reducing water consumption.

The launch of AeroLev 1850 marks a strategic milestone in EPG’s global cooling technology roadmap. Established in May 2026, MagPro brings together EPG’s data center engineering and global delivery expertise with CIGU’s magnetic-levitation technology and R&D capabilities. The partnership expands EPG’s portfolio into advanced cooling to address the demands of high-density AI computing while reducing reliance on water-intensive cooling systems.

“AI computing is reshaping the infrastructure requirements of data centers,” said Alick Wan, Founder and Chairman of EPG. “Our focus extends beyond individual technological breakthroughs. By combining modular and standardized solutions with global delivery capabilities, we aim to help customers deploy and scale computing infrastructure efficiently across markets. We will continue working with global partners to build more efficient and resilient infrastructure for the next generation of digital growth.”

Looking ahead, EPG will continue to evolve its solutions and strengthen its capabilities to meet the changing demands of the data center industry.

Learn more: https://www.epg-module.com/

CONTACT: communications@epg-module.com

About EPG

EPG is a prefabricated modular data center infrastructure provider, powered by R&D centers in Singapore, Malaysia, and Shanghai, as well as six advanced manufacturing hubs in Malaysia and China. With over 20 years of engineering expertise, it has a workforce of more than 1,600 employees, including nearly 300 researchers and experienced engineers in its R&D and technical team. Through continuous technological innovation and a scalable delivery system, EPG delivers  integrated and efficient data center solutions for hyperscale, cloud, and enterprise deployments across APAC, EMEA, and other global markets.

About MagPro (Nanjing CIPU Technology Co., Ltd.)

MagPro is a joint venture between CIGU Technology Corp. Ltd. and EPG Data Technology (Shanghai) Co., Ltd., specializing in the research, development, and production of reliable, energy-efficient cooling and air-conditioning systems for AI data centers, cloud, and hyperscales. MagPro operates a more than 6,000-square-meter production base and two air-cooled laboratories, supporting testing of air-cooled units up to 2,000 kW.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/epg-showcases-full-stack-aidc-capabilities-and-global-delivery-network-at-dcwa-2026-in-singapore-302913737.html

SOURCE EPG Global Technology (Shanghai) Co., Ltd.

Continue Reading

Trending