Welcome to our dedicated page for LendingTree news (Ticker: TREE), a resource for investors and traders seeking the latest updates and insights on LendingTree stock.
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.
ValuePenguin, a part of LendingTree (NASDAQ: TREE), released findings on holiday hazards. Key highlights include:
- 10% of Americans report injuries from putting up Christmas trees this year.
- An unpowered scooter is labeled the worst toy to buy, with over 477,000 injuries since 2011.
- 70% of Americans leave Christmas lights on overnight, posing a fire hazard.
- 34% expect higher utility bills during the holidays.
- Positive trends show a decrease in tree-related injuries from 20% in 2020.
For more, visit ValuePenguin's reports.
LendingTree, the leading online loan marketplace, published a survey revealing that 19.2% of Americans have based financial decisions on their horoscope, with 30.6% considering it. The survey highlights that Millennials are the most likely to make such decisions. Key influences include saving more money (42.1%), splurging (33.5%), and stock trading (23.1%). Interestingly, Capricorns are perceived as the best money managers, while Sagittariuses show the least financial anxiety but have the lowest credit scores. The survey was conducted among 2,049 U.S. consumers.
LendingTree conducted a survey of over 2,000 Americans revealing that nearly 30% plan to host December holiday gatherings, anticipating an average spending of $760 on food, drinks, and gifts. Millennials are leading in spending, estimating $981 for their gatherings, with 55% expecting to incur debt for these expenses. Approximately 40% of attendees will spend an average of $213 on gifts for their hosts, with wine being the top gift choice. The survey highlights the financial strain that holiday celebrations may impose on individuals, especially younger generations.
LendingTree (NASDAQ: TREE) announced its participation in the Stephens Annual Investment Conference from December 1-3, 2021 in Nashville, TN. The company's CFO, Trent Ziegler, and VP of Investor Relations, Andrew Wessel, will engage in a fireside chat on December 1 at 2:00 p.m. ET, available for live webcast and later access on the company's investor relations website. LendingTree is the leading online financial services marketplace, providing consumers with a range of financial solutions from over 500 partners.
ValuePenguin.com reports that in 2022, Americans will spend an average of $541 monthly on health insurance via ACA plans, totaling $6,492 annually. Premiums saw a modest increase of 0.67% year-over-year. States like West Virginia and South Dakota will experience the highest premiums, while Georgia and New Hampshire will enjoy the lowest. Platinum tier plans dropped by 4.35% in premiums, while Bronze plans increased, highlighting diverse market changes influenced by healthcare costs and COVID-19 impacts.
LendingTree's recent survey reveals a record 47% of Americans plan to host Thanksgiving, increasing from 41% in 2020. Consumers expect to spend an average of $391.60, down 18% from last year, with millennials budgeting the most at $461.20. Alarmingly, 44% of hosts will take on debt, up from 38% in 2020. Additionally, only 27% of hosts have firm budgets, indicating economic uncertainties. This survey, conducted from Oct. 26 to Oct. 29, 2021, reflects changing consumer behavior as they adapt to current economic challenges.
LendingTree's recent survey reveals that 48% of Americans believe bearded men manage money better than clean-shaven men. Among men with facial hair, that belief rises to 75%. This year, 46% of men will participate in No Shave November and Movember, with 24% of women joining as well. Men spend an average of $42 monthly on grooming products, with bearded men spending $49. Additionally, about 12% of men invest in massages and 9% in facials. The online survey conducted from Oct. 15-20, 2021 included over 2,000 responses.
According to a recent LendingTree survey conducted from Sept. 23 to Sept. 30, 2021, nearly 48% of consumers dread the upcoming holiday shopping season due to anticipated costs. 40% are specifically worried about Christmas, while 13% feel the same about Thanksgiving. A significant 41% of Americans expect to incur debt this season, up from 31% last year. Moreover, 24% are losing sleep over holiday expenses, notably 36% among parents with kids under 18. On average, individuals plan to spend $792, with parents expecting $1,105.
LendingTree, Inc. (TREE) reported Q3 2021 results, showing total revenue of $297.4 million, a 35% increase year-over-year. The Home segment achieved record revenue of $112.4 million, growing 42%, while the Consumer segment soared by 107% to $100 million. However, the Insurance segment faced challenges, with revenue declining 8% to $84.8 million. The company's net loss from continuing operations improved to $4.4 million, down from $24.8 million a year earlier. Looking ahead, Q4 revenue is projected between $255-$270 million amid seasonal slowdowns.
FAQ
What is the current stock price of LendingTree (TREE)?
What is the market cap of LendingTree (TREE)?
What services does LendingTree offer?
How does LendingTree work?
Who is the current CEO of LendingTree?
What is LendingTree Spring?
Where is LendingTree headquartered?
How many financial partners does LendingTree have?
What recent financial performance highlights has LendingTree reported?
What is LendingTree's market focus?
What recent leadership changes have occurred at LendingTree?
How does LendingTree support financial wellness?
