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LendingTree, Inc. (NASDAQ: TREE) is a premier online loan marketplace designed to simplify the financing process for consumers in the United States. Headquartered in Charlotte, NC, LendingTree offers a broad array of financial products through its extensive network of over 500 financial partners. The company's primary offerings include home loans, personal loans, auto loans, credit cards, student loans, small business loans, and insurance products.
Founded with the goal of providing consumers with competitive loan options, LendingTree allows users to complete a single online loan request and receive multiple real offers from various lenders. This transparent approach enables users to compare and select the offer that best fits their financial needs. The company operates three main segments: Home, Consumer, and Insurance.
Recent achievements highlight LendingTree's robust leadership and growth. In 2023, Scott Peyree was appointed Chief Operating Officer and President of Marketplace Businesses. Under Peyree’s leadership, the company has seen enhanced operational efficiencies and strategic growth, particularly within its insurance vertical.
Financially, LendingTree has demonstrated resilience amid challenging economic conditions. In the third quarter of 2023, the company reported an Adjusted EBITDA of $22 million, achieving an EBITDA margin of 14%. This success is attributed to disciplined expense management and strategic operational improvements.
LendingTree's latest innovation, the LendingTree Spring app, launched in 2024, underscores the company's commitment to financial wellness. The app is designed to help users cultivate smart money habits, providing them with personalized financial strategies to manage their credit health and finances effectively.
In March 2024, LendingTree secured up to $175 million in financing from Apollo Funds, strengthening their financial position and enabling further innovation across their product offerings. The company continues to focus on profitability and growth, with strong performance in the insurance segment and stable conditions in the consumer lending space.
LendingTree continues to adapt and navigate the economic landscape, using advanced analytics and proprietary systems to optimize marketing strategies and match consumers with the best financial products available. For more information, visit www.lendingtree.com.
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.
LendingTree (NASDAQ: TREE), the leading online financial services marketplace, has announced its plan to release fiscal second quarter 2024 results after market close on Thursday, July 25, 2024. The company will publish a letter to shareholders on its investor relations website. Additionally, LendingTree will host a conference call at 5:00 p.m. ET on the same day to discuss the earnings release. Investors and interested parties can access the conference call via a simultaneous webcast on the company's investor relations website. A replay of the webcast will be available following the event for those unable to attend the live call.
LendingTree (NASDAQ: TREE) announces significant leadership transitions, including the promotion of Jason Bengel to Chief Financial Officer, effective August 9, 2024, following the departure of Trent Ziegler. Bengel, a Chartered Financial Analyst, will leverage his expertise in financial planning and deep understanding of LendingTree's business lines to drive the company's financial strategies.
Additionally, Sarah Guidry will expand her role to SVP of Analytics and Corporate Strategy, focusing on data-driven decision-making and the new AI lab. Andrew Wessel will also assume a larger role as SVP of Investor Relations and Corporate Development, enhancing relationships with shareholders and capital market participants.
For Q2 2024, LendingTree expects to exceed its revenue guidance of $175 - $190 million and maintains its adjusted EBITDA outlook at $22 – $26 million.
LendingTree, Inc. (NASDAQ: TREE) reported consolidated revenue of $167.8 million for the first quarter of 2024, with strong results driven by the Insurance segment. The company posted a 49% YoY growth in Adjusted EBITDA, exceeding forecasts. Despite declines in the Home and Consumer segments, the Insurance segment saw revenue and profit growth. LendingTree closed on a new term loan of $175 million, enhancing liquidity. The company anticipates a return to annual revenue and AEBITDA growth in 2024.
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