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LendingTree Inc (NASDAQ: TREE), a leading online financial marketplace, provides this centralized hub for investors and financial professionals seeking authoritative news updates. Track all official press releases, strategic developments, and market analyses related to TREE's operations in consumer lending, insurance services, and digital financial solutions.
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LendingTree (NASDAQ: TREE) reported its Q2 2024 results, showcasing a 15% revenue growth to $210.1M. Net income reached $7.8M, or $0.58 per diluted share. The Insurance segment led the charge with a 109% YoY revenue increase to $122.1M. However, Home and Consumer segments recorded declines: Home revenue dropped 23% to $32.2M, and Consumer revenue fell 32% to $55.9M. Adjusted EBITDA was $23.5M, down 12% YoY. The company repurchased $161M of 2025 convertible notes at a $9M discount. Full-year 2024 guidance was updated to project revenues of $830M-$870M and Adjusted EBITDA of $85M-$95M.
LendingTree (NASDAQ: TREE), the leading online financial services marketplace, has announced its plan to release fiscal second quarter 2024 results after market close on Thursday, July 25, 2024. The company will publish a letter to shareholders on its investor relations website. Additionally, LendingTree will host a conference call at 5:00 p.m. ET on the same day to discuss the earnings release. Investors and interested parties can access the conference call via a simultaneous webcast on the company's investor relations website. A replay of the webcast will be available following the event for those unable to attend the live call.
LendingTree (NASDAQ: TREE) announces significant leadership transitions, including the promotion of Jason Bengel to Chief Financial Officer, effective August 9, 2024, following the departure of Trent Ziegler. Bengel, a Chartered Financial Analyst, will leverage his expertise in financial planning and deep understanding of LendingTree's business lines to drive the company's financial strategies.
Additionally, Sarah Guidry will expand her role to SVP of Analytics and Corporate Strategy, focusing on data-driven decision-making and the new AI lab. Andrew Wessel will also assume a larger role as SVP of Investor Relations and Corporate Development, enhancing relationships with shareholders and capital market participants.
For Q2 2024, LendingTree expects to exceed its revenue guidance of $175 - $190 million and maintains its adjusted EBITDA outlook at $22 – $26 million.
LendingTree, Inc. (NASDAQ: TREE) reported consolidated revenue of $167.8 million for the first quarter of 2024, with strong results driven by the Insurance segment. The company posted a 49% YoY growth in Adjusted EBITDA, exceeding forecasts. Despite declines in the Home and Consumer segments, the Insurance segment saw revenue and profit growth. LendingTree closed on a new term loan of $175 million, enhancing liquidity. The company anticipates a return to annual revenue and AEBITDA growth in 2024.
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