LendingTree, Inc. - TREE STOCK NEWS

LendingTree has announced a significant enhancement to its customer experience, focusing on empowering consumers with improved financial tools and resources. The rebranding initiative includes an omni-channel marketing campaign and a new tagline: 'When banks compete, you win!' LendingTree aims to support individuals facing economic challenges, as 83% of credit cardholders are impacted by inflation. The company has facilitated $260 billion in loan funding and emphasizes personalized financial guidance. Key features include a redesigned homepage, tailor-made customer journeys, and free Insurance Check-Ups.

LendingTree has launched its first celebrity-led marketing campaign, featuring Molly Shannon, to simplify financial decision-making for consumers. The campaign aims to educate consumers about their options for loans amid rising debt and interest rates. Shannon portrays a relatable character, promoting the message that LendingTree can help users save money. Chief Marketing Officer Shiv Singh emphasizes the mission to rebuild trust and foster confidence in financial decisions. The campaign marks a return to television advertising and aims to highlight the company's extensive network of over 700 partners.

LendingTree, Inc. (NASDAQ: TREE) announced it will release its fiscal second quarter 2022 results on July 28, 2022, at 7:00 a.m. ET. A conference call will be held at 9:00 a.m. ET the same day, accessible via a webcast on the company's investor relations website. The company aims to connect consumers with various financial services, enabling comparisons across over 500 partners for loans, credit cards, and insurance products. This effort strengthens its position as a leading online financial services marketplace.

ValuePenguin.com has reported a concerning increase in injuries related to popular July Fourth activities. Key findings reveal a 56% rise in heat-related deaths from 2018-2021, with the elderly and infants being the most vulnerable. Firework injuries surged by 32% from 2012-2021, primarily affecting teens aged 15-19. Additionally, grill injuries that required ER visits increased by 18% over the same period. A significant lack of pool safety awareness was noted, with 17% of respondents unable to swim. To mitigate risks, experts recommend a thorough safety checklist for holiday hosts.

LendingTree (NASDAQ: TREE) announced a downward revision of its 2Q 2022 financial guidance due to challenging economic conditions, including rising interest rates and inflation exceeding 8%. Revenue is now expected between $259 million and $264 million, significantly lower than the previous estimate of $283 million to $293 million. The adjusted EBITDA forecast has also been reduced to $26 million to $29 million from $35 million to $40 million. However, the Consumer segment shows promise with an estimated 40% growth. The company continues to focus on strategic initiatives despite these headwinds.

A recent LendingTree survey reveals a significant rebound in concert attendance to pre-pandemic levels, with attendees planning to enjoy an average of four shows this year. Despite rising inflation, 47% of concertgoers expect to spend between $100 and $499, and many are willing to incur debt for experiences. Millennials and Gen Z are particularly eager to upgrade their concert experiences, spending an average of $398 and $383 per ticket, respectively. In total, 60% of attendees will allocate portions of their budget to food and drinks, and financial tips are provided to help manage spending.

LendingTree has revealed that there are over 1.5 million single fathers in the U.S., making up 4.6% of families with children. Nevada tops the list with a prevalence of 6.8%, followed by Montana and Oklahoma at 6.3% and 6.1%, respectively. Single fathers earn an average income of $67,405, significantly less than the $101,536 average for all families. Additionally, single fathers are generally more educated than cohabiting fathers, with 26% holding at least a bachelor's degree compared to 12% of cohabiting fathers.

LendingTree, Inc. (NASDAQ: TREE) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference from May 23-25, 2022. Founder and CEO Doug Lebda is scheduled for a fireside chat on May 23 at 4:30 p.m. ET, which will be webcast and archived on the Company's investor website. LendingTree operates an online marketplace connecting consumers with various financial services, allowing users to compare offers from over 500 partners, including mortgage and personal loans. For more details, visit www.lendingtree.com.

LendingTree, operating as TREE, reported a consolidated revenue of $283.2 million for Q1 2022, marking a 4% increase year-over-year. Despite a GAAP net loss of $10.8 million or $(0.84) per diluted share, the company achieved a variable marketing margin of $94.1 million and adjusted EBITDA of $29.4 million. The Consumer segment saw a remarkable 75% revenue growth, driven by personal loans and small business offerings. Looking ahead, LendingTree revised its full-year 2022 revenue guidance to $1,150 - $1,190 million, reflecting a 5% - 8% growth.