Have you been paying attention to shares of Tree.com (TREE) ? Shares have been on the move with the stock up 28.2% over the past month. The stock hit a new 52-week high of $55.87 in the previous session. Tree.com has gained 78.4% since the start of the year compared to the 13.7% move for the Zacks Finance sector and the 3.4% return for the Zacks Financial - Mortgage & Related Services industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it hasn't misse ...

The Company will hold a conference call at 5:00 p.m. ET to discuss the earnings release, which will be simultaneously webcast via the Company's website at investors.lendingtree.com. The webcast replay will be available following the event. LendingTree (NASDAQ: TREE) is one of the nation's largest, most experienced online financial platforms, created to give consumers the power to win financially. LendingTree provides customers with access to the best offers on loans, credit cards, insurance and more through ...

Tree.com (TREE) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% ...

TREE uses Snowflake's cloud data analytics services for its business operations. Per Google's Mandiant security business, a hacker's group had used stolen login credentials to infiltrate Snowflake accounts of nearly 165 customers, this proposes a broader hacking operation against Snowflake clients. Data Breach by Banks Over the past six months, shares of TREE have gained 30.9% against the industry's decline of 6.8%. SESC mentioned that MUFG Bank Ltd., Morgan Stanley MUFG Securities Co. and Mitsubishi UFJ Mo ...

CHARLOTTE, N.C., June 18, 2024 /PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE), is the parent of LendingTree, LLC and several companies owned by LendingTree, LLC (collectively, "LendingTree" or the "Company") and the operator of LendingTree.com, the nation's leading online financial services marketplace, announces the promotion of Jason Bengel to Chief Financial Officer following the departure of Trent Ziegler on August 9, 2024. Along with this change, LendingTree is also announcing several leadership chan ...

Core Viewpoint - LendingTree, Inc. (TREE) is experiencing revenue growth driven by diversification of non-mortgage product offerings and a focus on the Consumer segment, although the Insurance segment faces challenges due to a tough operating environment [1][6]. Group 1: Revenue Growth and Product Diversification - The company has three reportable segments: Home, Consumer, and Insurance, with a notable emphasis on diversifying non-mortgage products, particularly in the Consumer segment [2]. - In February 2023, LendingTree launched WinCard, its first branded consumer credit offering, and has expanded its loan offerings to include personal, auto, small business, and student loans, enhancing cross-selling opportunities [2]. - The Home segment's revenues, which include Home Equity and mortgage revenues, have shown an upward trend due to improved purchase conversion rates and a strong market position [3]. Group 2: Strategic Acquisitions and Inorganic Growth - LendingTree has focused on inorganic growth through strategic acquisitions since 2016, successfully integrating buyouts that support bottom-line growth [4]. - The acquisition of EarnUp, a consumer-facing payments platform, in the first quarter of 2022, is an example of how the company has enhanced its credit services and online lending platform [4]. Group 3: Financial Position and Challenges - As of March 31, 2024, LendingTree's cash and cash equivalents stood at $230.7 million, while long-term debt was significantly higher at $631.3 million, indicating a limited cash position and a higher debt/equity ratio than the industry average [8]. - The Insurance segment has seen declining revenues due to weaknesses in personal auto loans and reduced marketing spending by partners, which is expected to keep demand subdued [6]. - Although the company's cost base has declined due to cost-containment efforts, normalization of business activities may lead to increased technology and advertisement expenses, potentially affecting long-term bottom-line growth [7].

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]