LENDINGTREE REPORTS FOURTH QUARTER 2024 RESULTS

Core Insights - LendingTree, Inc. reported strong fourth-quarter results for 2024, exceeding guidance expectations, driven by significant revenue growth across all business segments [2][4] - The Insurance segment experienced remarkable growth, with a revenue increase of 188% year-over-year, while the Home and Consumer segments also showed solid growth of 35% and 12% respectively [5][11] - The company anticipates continued revenue growth in 2025, with a focus on operational excellence and expense discipline [2][11] Financial Performance - Total revenue for Q4 2024 reached $261.5 million, a 95% increase from $134.4 million in Q4 2023 [3][4] - Net income for the quarter was $7.5 million, translating to $0.55 per diluted share, compared to a loss of $58.0 million in the previous quarter [3][4] - Adjusted EBITDA for Q4 2024 was $32.2 million, an increase of 108% from $15.5 million in Q4 2023 [3][4] Segment Performance - The Insurance segment generated $171.7 million in revenue, up 188% year-over-year, with a segment profit of $48.0 million, a 90% increase [5][7] - The Home segment reported revenue of $34.0 million, a 35% increase, with a segment profit of $11.7 million, up 44% [5][7] - The Consumer segment achieved revenue of $55.6 million, a 12% increase, with personal loans revenue rising by 21% [5][7] Financial Outlook - For Q1 2025, the company projects revenue between $241 million and $248 million, with full-year revenue expected to be in the range of $985 million to $1,025 million, reflecting a growth of 9% to 14% compared to 2024 [11][13] - Variable Marketing Margin is anticipated to be between $75 million and $79 million, representing a growth of 5% to 10% over the previous year [13] - Adjusted EBITDA for the full year is expected to range from $116 million to $126 million, an increase of 11% to 21% from 2024 [13]