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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, Inc. (NASDAQ: TREE) will announce its fiscal first quarter 2023 results on May 2, 2023, at 7:00 a.m. ET. A shareholder letter will be available on the company's investor relations website. Following the earnings release, a conference call is scheduled for 9:00 a.m. ET, which will be streamed on the same site. LendingTree, a leading online financial marketplace, connects customers with over 600 financial partners offering loans, credit cards, and insurance. Established to empower consumers financially, LendingTree strives to assist users in achieving better financial health and savings.
Funding Circle partners with LendingTree to provide its business customers access to term loans ranging from six months to seven years, with amounts up to
LendingTree, Inc. (NASDAQ: TREE) announced the repurchase of approximately $190 million in Convertible Senior Notes due 2025, paying about $156.4 million in cash. This move is part of their strategic financial management to reduce debt obligations. Following this repurchase, the company anticipates that a portion of existing convertible note hedges will be terminated, potentially leading to secondary market transactions involving the company's common stock. LendingTree remains a leading online financial services marketplace, serving over 120 million customers since its inception.
LendingTree has launched the Win Card, its first branded credit card created in partnership with Upgrade. The card offers zero annual fees and allows cardholders to earn 2% cash back on all purchases. Designed to promote healthy financial habits, the card rewards responsible credit use and helps improve credit scores. The Win Card is part of LendingTree's ongoing mission to empower consumers financially, and it integrates with the LendingTree app for easy tracking. The initial offering is limited to select LendingTree members, with a waitlist available for broader access.
LendingTree, Inc. (NASDAQ: TREE) reported fourth-quarter 2022 results, revealing consolidated revenue of $202.1 million, a 22% decline year-over-year. The company faced a GAAP net loss of $(10.4 million) or $(0.81) per diluted share. Significant declines were noted in the Home segment with a 50% revenue decrease to $48.6 million, driven by lower refinancing activity and high housing prices. However, the Insurance segment grew by 2% to $67.0 million. The company aims for 2023 revenue between $935 million and $985 million, indicating a slight decline of 0% to 5% compared to 2022.
LendingTree, Inc. (NASDAQ: TREE) will announce its fiscal fourth quarter and full-year 2022 results on February 27, 2023, at 7:00 a.m. ET. A letter to shareholders will be available on the company's investor website. Following the release, a conference call is scheduled for 9:00 a.m. ET, which will also be webcast live. LendingTree is a leading online financial services marketplace, connecting consumers with over 600 financial partners to provide competitive offers on loans, credit cards, insurance, and more. The company aims to enhance financial health and savings for millions of customers through personalized financial tools.
Skillz (NYSE: SKLZ) announces the appointment of Alex Mandel, former CFO of The Influential Network Inc., to its Board of Directors. He replaces Vanna Mehta-Krantz, who is stepping down for other commitments. Mandel brings extensive financial experience, having previously held CFO positions at Fluent, Inc. (NASDAQ: FLNT) and LendingTree, Inc. (NASDAQ: TREE). His expertise is expected to support Skillz's growth strategy and enhance operations. CEO Andrew Paradise has expressed excitement about Mandel’s role in accelerating the company's trajectory toward profitability.
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