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LendingTree, Inc. - TREE STOCK NEWS

Welcome to our dedicated page for LendingTree news (Ticker: TREE), a resource for investors and traders seeking the latest updates and insights on LendingTree stock.

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.

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Credit card confidence in the U.S. rose for the second consecutive month in April, reaching its highest point since October, according to a report by LendingTree. 71% of cardholders expressed confidence, marking a 5-percentage-point increase from March and a 7-point gain from April 2020. Women's confidence surged to a record 68%, with 44% of cardholders anticipating paying their monthly statement balance in full for the next six months. Experts suggest that the improving economy will likely sustain this confidence level.

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A recent analysis from ValuePenguin.com reveals that low-income homeowners pay an average of $117 more for home insurance than wealthier residents, particularly in large cities across 34 states. The disparity can reach up to 11% of the median income in some areas. Cities like Detroit and Jackson show particularly stark differences, with Detroit’s lowest-income neighborhood facing an annual cost of $1,919 more than the highest earning area. Additionally, Black homeowners in low-income areas face higher total upcharges compared to their wealthier counterparts.

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LendingTree released a survey revealing how the pandemic has influenced Americans' wedding attendance. It showed that 1 in 4 Americans attended a wedding in the past year, with many incurring debt averaging over $1,500. While 1 in 5 Americans declined invitations, leading to tension with couples, others compensated by spending more on virtual gifts ($290) compared to in-person gifts ($252). Looking ahead, 43% of consumers expect to spend more on weddings in the next year, indicating a potential increase in wedding-related expenditures.

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LendingTree, Inc. (NASDAQ: TREE) has announced a reorganization of its leadership team, effective May 17, 2021, to enhance strategic growth initiatives. The company is focusing on three key divisions: core LendingTree marketplaces, QuoteWizard insurance, and LendingTree Next. Key appointments include Neil Salvage as President of LendingTree Marketplace, Scott Peyree as President of Insurance, and J.D. Moriarty as President of LendingTree Next, with Trent Ziegler appointed as the new CFO. This strategic alignment aims to drive innovation and scale within the organization.

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LendingTree, operator of LendingTree.com, reported its first quarter 2021 financial results, showcasing a record Home segment revenue of $128.1 million, a 62% increase year-over-year. The total revenue fell to $272.8 million, down 4% from the previous year, while net income slightly increased to $19.3 million. The Insurance segment grew by 5%, yielding $86.6 million. The positive trend in the Consumer segment was noted with a 21% sequential improvement. For Q2 2021, the company predicts revenue between $263 - $273 million and a variable marketing margin of $86 - $92 million.

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LendingTree conducted a survey revealing that 55% of Americans are willing to pay more for eco-friendly products. Notably, nearly 40% would consider boycotting companies lacking sustainability efforts. Younger generations are leading this trend, with 58% of Gen Z and 50% of millennials ready to boycott. 28% reported increased spending on sustainable items, particularly in food and cleaning. Additionally, 62% prefer credit card issuers committed to fighting climate change. The survey involved 1,048 participants from March 18-24, 2021.

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LendingTree will announce its fiscal first quarter 2021 results on April 29, 2021, at 7:00 a.m. ET. A letter to shareholders will be posted on its investor website. A conference call will follow at 9:00 a.m. ET, accessible via webcast or by phone. Investors can dial in five minutes early, and a replay will be available until May 7, 2021. LendingTree is a leading online marketplace for financial services, connecting consumers to various financial products.

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According to a recent LendingTree survey by ValuePenguin, 78% of Americans experience stress weekly, with 15% feeling it daily. The survey highlights that 44% of respondents regard the pandemic as their most stressful time. Money (22%) is identified as the leading stress source, with work and health issues following. Stress peaks on Mondays (19%) and in the mornings. Gen Xers are the most stressed generation. The survey included 1,016 U.S. consumers from March 17-22, 2021.

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According to a report by LendingTree, approximately 59% of Americans adopted new hobbies during the COVID-19 pandemic, particularly among those laid off (82%), Gen Z (76%), and millennials (74%). The most common hobby was reading (61%), followed by cooking (36%) and gardening (30%). While 48% turned their hobbies into side hustles, 53% ended up with credit card debt, mainly due to purchasing special equipment. Despite this, 79% plan to continue their hobbies post-pandemic. The survey included 1,013 U.S. consumers conducted from Feb. 26 to March 1, 2021.

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FAQ

What is the current stock price of LendingTree (TREE)?

The current stock price of LendingTree (TREE) is $38.27 as of December 23, 2024.

What is the market cap of LendingTree (TREE)?

The market cap of LendingTree (TREE) is approximately 520.6M.

What services does LendingTree offer?

LendingTree offers a range of financial products including home loans, personal loans, auto loans, credit cards, student loans, small business loans, insurance, and more.

How does LendingTree work?

Consumers can submit a single online loan request and receive multiple offers from various lenders, allowing them to compare and choose the best option for their needs.

Who is the current CEO of LendingTree?

Doug Lebda is the founder and CEO of LendingTree.

What is LendingTree Spring?

LendingTree Spring is a newly launched app that provides users with personalized financial strategies and tools to manage their finances and improve their credit health.

Where is LendingTree headquartered?

LendingTree is headquartered in Charlotte, North Carolina.

How many financial partners does LendingTree have?

LendingTree has a network of over 500 financial partners.

What recent financial performance highlights has LendingTree reported?

In the third quarter of 2023, LendingTree reported $22 million in Adjusted EBITDA with a 14% EBITDA margin.

What is LendingTree's market focus?

LendingTree focuses on providing a transparent, competitive loan marketplace for various financial products within the United States.

What recent leadership changes have occurred at LendingTree?

Scott Peyree was named Chief Operating Officer and President of Marketplace Businesses in 2023.

How does LendingTree support financial wellness?

LendingTree supports financial wellness through innovative products like the LendingTree Spring app, which offers personalized financial recommendations and tools.

LendingTree, Inc.

Nasdaq:TREE

TREE Rankings

TREE Stock Data

520.58M
10.93M
17.98%
80.19%
6.35%
Financial Conglomerates
Loan Brokers
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United States of America
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