LendingTree, Inc. - TREE STOCK NEWS

A recent LendingTree survey reveals that superstitions significantly influence American homebuyers. About 38% have skipped home purchases due to superstitious beliefs, with 51% being men. Additionally, 39% refuse to buy homes near cemeteries, and 32% would avoid homes with unlucky street numbers. Alarmingly, 47% of buyers would exceed their budget for a "lucky" property, averaging $38,000 over their target price. Moreover, 43% of former sellers faced challenges selling to superstitious buyers.

According to a recent LendingTree survey of over 1,500 Americans, 81% spend on at least one streaming service. Netflix leads with 60% subscription, while nearly 40% admit to using others' accounts, mainly for Netflix. The survey indicates that 43% of consumers feel it's unfair to mooch, yet 51% allow others to use their accounts. Parents are more financially burdened, with 34% spending over $50 monthly. Surprisingly, only 37% of streamers leverage credit card rewards for subscriptions, despite available options.

LendingTree, operator of LendingTree.com, announced its fourth-quarter results for 2020, revealing total revenue of $222.3 million, a 13% decrease from the previous year. Notably, the Insurance segment grew by 21% to $85.6 million, and the Home segment increased by 36% to $88.8 million. However, the Consumer segment saw a significant decline of 58% year-over-year. The company reported a net loss of $8.1 million, with an adjusted EBITDA of $26.3 million. For Q1 2021, LendingTree projects revenue between $260 million and $270 million, with a variable marketing margin of $80-$85 million.

The COVID-19 pandemic has severely impacted the restaurant industry, with a LendingTree survey revealing that 50% of Americans reported the closure of a beloved restaurant. The report highlighted that 65% of respondents from the Northeast experienced similar losses. Despite this, 70% of Americans dined indoors at least once during the pandemic, with Gen Z leading at 83%. Some consumers have increased tipping behaviors, but safety concerns persist, with 41% leaving restaurants due to overcrowding. LendingTree emphasizes the ongoing struggle for many smaller establishments.

LendingTree (NASDAQ: TREE) has announced the launch of an indirect auto lending platform that allows consumers to compare pre-qualified auto loan rates on its website. This initiative, effective immediately, is supported by integrations with RouteOne and DealerTrack, enhancing the consumer finance experience at dealerships. Westlake Financial has been signed as the first indirect lending partner, providing a range of competitive auto finance solutions. This collaboration aims to streamline the car buying process, offering consumers transactable loan offers and saving them time at dealerships.

73% of American drivers express anxiety about driving in winter conditions, according to a recent ValuePenguin survey. The survey revealed that 80% of women feel anxious, while 76% of Northeastern drivers report similar feelings. Many drivers are unprepared: 57% haven't checked tire tread recently and 48% lack adequate winter driving education. Despite this, 1 in 3 drivers has experienced a winter-related accident, with 69% paying out of pocket for repair costs. For full insights, visit here.

LendingTree, Inc. (NASDAQ: TREE) announced it will release its fiscal fourth quarter 2020 results on February 25, 2021, at 7:00 a.m. ET. A shareholder letter will be available on the company's investor website. Following the earnings release, a conference call will be held at 9:00 a.m. ET, accessible via a toll-free number. For those unable to attend, a replay of the call will be available until March 5, 2021. LendingTree operates as an online marketplace connecting consumers with financial service offers.

ValuePenguin.com has released a report ranking Minnesota as the state with the best cancer care in the U.S., scoring 19 out of 20 points. The report evaluates states based on costs, access to care, and cancer death rates. New Mexico, Rhode Island, Arizona, Maryland, and Pennsylvania follow closely with scores of 18. In contrast, Georgia, Oklahoma, and Wisconsin scored the lowest at 9 points due to high healthcare costs and inadequate access to insurance. The report highlights the critical need for affordable cancer care, especially in states with high uninsured rates.