Lendingtree Inc - TREE STOCK NEWS

LendingTree (NASDAQ: TREE) reported strong Q4 2024 results exceeding guidance, with consolidated revenue of $261.5 million and GAAP net income of $7.5 million ($0.55 per diluted share). The company achieved variable marketing margin of $86.7 million and Adjusted EBITDA of $32.2 million.

Performance highlights include:

• Insurance segment revenue grew 188% YoY to $171.7 million
• Home segment revenue increased 35% YoY to $34.0 million
• Consumer segment revenue rose 12% YoY to $55.6 million

2025 full-year guidance projects:

• Revenue of $985-$1,025 million (9-14% growth)
• Variable Marketing Margin of $319-$336 million (5-10% growth)
• Adjusted EBITDA of $116-$126 million (11-21% growth)

LendingTree (NASDAQ: TREE), the leading online financial services marketplace operator, has announced it will release its fourth quarter 2024 financial results after market close on March 5, 2025. The company will publish a shareholder letter on its investor website and host a conference call at 5:00 p.m. ET on the same day to discuss the earnings. The conference call will be simultaneously webcast on the company's investor website, with a replay available after the event.

LendingTree announced Kastle as the winner of their 2024 Innovation Challenge during their annual Lender Summit. Kastle won with their groundbreaking AI Voice technology, demonstrated through a live customer interaction showcase by CEO Rishi Choudhary. The San Francisco-based company's solution offers mortgage lenders a controlled and compliant way to interact with consumers.

The winner was chosen through combined votes from judges and lending industry professionals attending the summit. Kastle's technology stood out for its potential to transform borrower experience while reducing costs and time in loan production and servicing, marking a significant advancement in mortgage industry innovation.

ICR has appointed J.D. Moriarty as CEO of ICR Capital, its broker-dealer affiliate. Moriarty brings 30 years of experience in equity capital markets, investment banking, and public company leadership. He previously held leadership positions at LendingTree (NASDAQ: TREE) from 2017 to 2023, including roles as SVP of Corporate Development, CFO, and President of Marketplace & COO. Before that, he served as Managing Director & Head of Americas Equity Capital Markets at Bank of America Merrill Lynch. The appointment comes as ICR anticipates increased capital markets activity in 2025 and beyond.

LendingTree (TREE) has partnered with insurtech broker Coverdash to launch its first-ever business insurance offering for startups and SMBs. The integration enables LendingTree customers to access instant quotes and purchase various business insurance policies directly on the platform. The partnership expands LendingTree's services beyond loans and financial products, offering coverage options including General Liability, Workers' Compensation, Business Owners Policy, and Cyber Insurance. According to a Federal Reserve Bank study, businesses with lower risk profiles, including those carrying insurance, were 25% more likely to secure loan approvals compared to higher-risk businesses.

LendingTree (NASDAQ: TREE), the leading online financial services marketplace operator, announced its participation in the Stephens Annual Investment Conference at the Grand Hyatt Nashville from November 19-21, 2024. Jason Bengel, Chief Financial Officer, and Andrew Wessel, SVP of Investor Relations and Corporate Development, will engage in a fireside chat on November 20 at 1:00 p.m. CT and conduct one-on-one investor meetings throughout the day.

LendingTree reported Q3 2024 results with revenue of $260.8 million, up 68% year-over-year, driven by strong Insurance segment performance which grew 210%. The company posted a GAAP net loss of $58.0 million ($4.34 per share), including $58.4 million non-cash impairment of equity investments. Variable marketing margin was $77.2 million and Adjusted EBITDA reached $26.9 million. The Insurance segment achieved record revenue of $169.1 million and segment profit of $41.4 million. Consumer segment revenue declined 12% YoY but grew 6% sequentially, while Home segment revenue decreased 4% YoY. The company raised its full-year 2024 guidance, now expecting revenue between $870-880 million.

LendingTree (NASDAQ: TREE), the operator of LendingTree.com, America's leading online financial services marketplace, has announced its plan to release fiscal third quarter 2024 results after market close on Thursday, October 31, 2024. The company will also post a letter to shareholders on its investor relations website. Following the release, LendingTree will host a conference call at 4:30 p.m. ET to discuss the earnings report. This call will be simultaneously webcast on the company's investor relations website. For those unable to attend the live event, a webcast replay will be made available after the conference call.

LendingTree (NASDAQ: TREE) reported its Q2 2024 results, showcasing a 15% revenue growth to $210.1M. Net income reached $7.8M, or $0.58 per diluted share. The Insurance segment led the charge with a 109% YoY revenue increase to $122.1M. However, Home and Consumer segments recorded declines: Home revenue dropped 23% to $32.2M, and Consumer revenue fell 32% to $55.9M. Adjusted EBITDA was $23.5M, down 12% YoY. The company repurchased $161M of 2025 convertible notes at a $9M discount. Full-year 2024 guidance was updated to project revenues of $830M-$870M and Adjusted EBITDA of $85M-$95M.