LendingTree, Inc. operates LendingTree.com, an online financial services marketplace that connects U.S. consumers with offers for loans, credit cards, insurance and related financial products through a network of financial partners. Its business is reported through Home, Consumer and Insurance segments, with revenue tied to marketplace referrals, partner demand and completed financial-product transactions.
Company news commonly covers quarterly results, variable marketing margin, adjusted EBITDA, segment performance and the role of the Insurance marketplace in revenue growth. Updates also address mortgage and housing policy, consumer-permissioned lead generation, home equity activity, credit-product demand, leadership appointments and governance changes affecting the company’s marketplace operations.
According to a recent LendingTree survey, 70% of Americans are struggling to find products and services due to ongoing shortages. Key findings highlight that 54% are delaying major purchases and projects, while 71% are willing to pay more for products if it leads to higher wages. The most reported shortages include meat, gas, and appliances. The survey reflects a significant consumer impact and emphasizes the importance of patience during these challenging times.
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A new report from LendingTree indicates that 48% of credit cardholders prefer using debit cards as their primary payment method. Many credit card users reserve their cards for significant purchases or emergencies to avoid overspending. The survey highlights stress around credit card bills, with 43% of respondents admitting to avoiding their statements, a sentiment especially prevalent among Gen Z (64%) and millennials (60%). The report further reveals that women are 41% more likely than men to carry a balance, while 45% of low-income earners and 22% of those making over $100,000 regularly carry a credit card balance.
On June 14, 2021, a LendingTree report showed that 25% of Americans plan to attend concerts this summer, with 60% of them willing to spend extra to support artists recovering from pandemic losses. The survey indicated that attendance is notably higher among millennials (36%) and Gen Z (32%). Many concertgoers are prepared to incur debt for their experiences, with about half of attendees aged 40 and under considering this option. Additionally, 42% will use credit card rewards to cover costs. These findings reflect a strong desire to return to live events.
LendingTree, Inc. (NASDAQ: TREE) announced its participation in the Evercore ISI Technology, Media, and Telecom Conference scheduled for June 7-9, 2021. CFO Trent Ziegler and President of LendingTree Next J.D. Moriarty will join a fireside chat on June 8 at 8:45 a.m. ET. The session will be webcast live and archived on their investor website. LendingTree, a leader in online financial services, connects consumers with various financial products, including loans and credit services, through its platform.
The recent survey by ValuePenguin reveals that 71% of Americans plan to host or attend barbecues this summer, coinciding with rising COVID-19 vaccinations. Alarmingly, 13% of grill owners have experienced grilling-related accidents, with Gen Z showing the highest risk at 19%. Additionally, 37% of those who grill admit to doing so while intoxicated, increasing the likelihood of injury fourfold. Food safety concerns persist, as one in five Americans believes they’ve suffered food poisoning from barbecues. Most grillers neglect safety measures, with 66% uncertain about insurance coverage for grilling-related incidents.
According to a recent LendingTree survey, approximately 62 million credit cardholders had their credit limits cut or cards closed in early 2021. Nearly one in three cardholders experienced involuntary changes, with Millennials and Gen Z being most affected. While fewer cardholders faced these issues compared to the pandemic's peak, 30% reported limit cuts and 21% account closures. The main reasons included inactivity and credit score drops. To mitigate risks, many consumers have adjusted their spending habits.
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LendingTree, Inc. (NASDAQ: TREE) announced its participation in the J.P. Morgan 49th Annual Global Technology, Media and Communications Conference from May 24-26, 2021. CFO Trent Ziegler will engage in a fireside chat on May 24 at 4:15 p.m. ET and will conduct one-on-one meetings throughout the event. The fireside chat will be available for live streaming and archived on the company’s investor website. LendingTree connects consumers with various financial services, empowering them to make informed financial decisions through its online marketplace.
May is National Electrical Safety Month, yet a ValuePenguin survey reveals 28% of Americans have faced electrical fires. Surprisingly, 57% admit to leaving heat-producing appliances on when not in use, raising fire risks. Alarmingly, 60% never conduct fire drills, and 1 in 4 lack fire extinguishers. A significant portion—66%—didn't test smoke detectors last month. Renters exhibit less confidence in fire safety, with over half unsure of extinguisher locations. Additionally, 50% of Americans doubt their insurance coverage for fire damages. Awareness and action are essential for safety.