LendingTree, Inc.'s (TREE) continuous efforts to diversify non-mortgage product offerings and focus on the Consumer segment are driving its revenue growth. Strategic acquisitions over the years have also been supporting financials. However, owing to the challenging operating environment, the Insurance segment's growth is expected to be subdued, while the weak liquidity position will hamper the capital deployment activities. Although, the company's cost base has declined in the recent past on the back of cos ...

LendingTree, Inc.’s (TREE) initiatives to strengthen SPRING and TreeQual platforms will improve cross-selling opportunities. Moreover, its focus on non-mortgage product offerings will aid revenue growth. Yet, rising costs will impede the bottom line. Any decline in the Insurance segment’s revenues will affect the total revenues. With a weak liquidity position, its capital distribution activities seem unsustainable.LendingTree is committed to boosting revenues by diversifying its non-mortgage product offerin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File No. 001-34063 LendingTree, Inc. (Exact name of Registrant as specified in its charter) Delaware 26-2414818 (State or other jurisdict ...

LendingTree, Inc.’s (TREE) shares rallied 29.2% following the release of its higher-than-expected first-quarter 2024 results. Adjusted net income per share of 70 cents beat the Zacks Consensus Estimate of 46 cents. The reported figure compares favorably with 25 cents reported in the prior-year quarter.The company’s results were aided by lower costs, while a decline in revenues was a spoilsport.LendingTree reported net income of $1 million, down 92.6% from the year-ago quarter's level.Revenues & Variable Mar ...

Financial Data and Key Metrics Changes - The company reported a 48% increase in adjusted EBITDA year-over-year for Q1 2024, driven by strong performance in the Insurance segment, with both revenue and VMD up double digits from the previous year [6][16] - The company forecasts stable underwriting conditions and significant demand growth, indicating a return to revenue and adjusted EBITDA growth for the full year [6][16] Business Segment Performance - The Insurance segment achieved 11% growth in both revenue and VMD, with increased spending from carrier partners [7][16] - The Consumer segment saw a 24% sequential growth in small business revenue, with a strategic decision made in 2023 to optimize operating margins [16] - The Home segment continues to perform at low levels due to high mortgage rates and low housing supply, with home equity offerings providing the most opportunity [16] Market Data and Key Metrics Changes - The company noted a record volume of consumers seeking auto insurance policies due to significant premium increases over the past year, forecasting record revenue in this segment [16] - Consumer demand for insurance quotes increased by 19% year-over-year in Q1, indicating strong market interest [20] Company Strategy and Industry Competition - The company is leaning into increased marketing investments to drive higher revenue and VMD across multiple product categories, particularly in the Insurance segment [16][20] - Management expressed confidence in the stability of the lending environment, allowing for more aggressive marketing strategies [10][20] Management's Comments on Operating Environment and Future Outlook - Management indicated that the worst part of the cycle is over, with expectations for improved revenue outlook into Q2 [6][12] - The company is optimistic about the insurance market, anticipating a "super cycle" in the coming years as carriers return to profitability [20] Other Important Information - The company secured a new $175 million loan commitment from Apollo Funds, enhancing liquidity to meet upcoming convertible note maturities [16][17] - The company expects leverage of 4x or less after retiring the 2025 convertible notes, focusing on optimizing its capital structure [17] Q&A Session Summary Question: What is the company's outlook on the rates environment and its impact on revenue growth? - Management clarified that the guidance does not factor in macro rate cuts, and the increased revenue outlook is primarily driven by confidence in the insurance business [10][12] Question: Can you elaborate on the stable lending environment and the outlook for the Insurance segment? - Management expressed excitement about recent developments and expected broad-based growth in the insurance sector over the next 12-18 months [20] Question: How is the revenue growth guide distributed across segments? - The majority of the revenue guide increase is driven by the Insurance segment, with expectations for continued growth in home equity and consumer loans [26][51] Question: What is the significance of TreeQual onboarding with Bank of America? - Management highlighted that this integration enhances consumer experience and aims to provide multiple offers to consumers, which is crucial for scaling the credit card business [55] Question: What are the home equity revenues for Q1? - Home equity revenues were disclosed at $20.8 million for the quarter, while credit card revenues were not disclosed as they did not meet the 10% threshold of total revenue [57]

Tree.com (TREE) reported $167.8 million in revenue for the quarter ended March 2024, representing a year-over-year decline of 16.3%. EPS of $0.70 for the same period compares to $0.25 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $164.03 million, representing a surprise of +2.30%. The company delivered an EPS surprise of +52.17%, with the consensus EPS estimate being $0.46.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

Tree.com (TREE) came out with quarterly earnings of $0.70 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 52.17%. A quarter ago, it was expected that this mortgage lending service provider would post earnings of $0.14 per share when it actually produced earnings of $0.28, delivering a surprise of 100%.Over the last four quart ...

Exhibit 99.2 April 30, 2024 Fellow Shareholders: We are pleased to report strong first quarter results that demonstrate the positive inflection we are seeing across our business. It is becoming increasingly clear that the worst of this economic cycle is behind us, and the actions we have taken over the last year have positioned the Company to deliver profitable and accelerating growth as we progress through the remainder of 2024. Every segment produced sequential top line growth in the quarter, highlighted ...

CHARLOTTE, N.C., April 16, 2024 /PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced that it will release fiscal first quarter 2024 results on Tuesday, April 30, 2024, at 7:00 a.m. ET. The company will also post a letter to shareholders on the Company's website at investors.lendingtree.com. The Company will hold a conference call at 9:00 a.m. ET that same day, which will be simultaneously webcast via the Co ...

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves a ...