LendingTree, Inc. - TREE STOCK NEWS

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.

LendingTree, Inc. (NASDAQ: TREE) has announced the appointment of Mark Ernst and Diego Rodriguez as independent directors, effective April 27, 2022. Both directors bring extensive experience; Ernst has a background in technology and financial services, previously serving as EVP and COO at Fiserv, while Rodriguez held a key role at Intuit overseeing product design. The changes come as Jennifer Witz resigns from the Board. Ernst and Rodriguez will stand for election at the annual meeting on June 22, 2022. This strategic addition aims to enhance operational excellence and customer service.

LendingTree, Inc. (NASDAQ: TREE) will release its fiscal first quarter 2022 results on May 5, 2022, at 7:00 a.m. ET. A letter to shareholders will be available on their website. The company will also host a conference call at 9:00 a.m. ET that day, which can be accessed by dialing 877-606-1416. A replay will be available from May 5 to May 13, 2022, at specified numbers. LendingTree connects consumers with financial services, offering a wide range of products, including loans and credit monitoring.