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), 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.
This resource offers real-time access to critical updates including quarterly earnings reports, partnership announcements, product innovations, and regulatory filings. Investors gain a competitive edge through comprehensive coverage of TREE's performance across its Home, Consumer, and Insurance segments.
Bookmark this page to monitor LendingTree's evolving position in the competitive lending marketplace, with verified updates on marketing strategies, lender network expansions, and consumer financial trends. Our curated news feed ensures you never miss developments impacting TREE's market performance or industry leadership.
LendingTree, Inc. (NASDAQ: TREE) announced its intention to offer $500.0 million in convertible senior notes due 2025 in a private placement, with an option for an additional $75.0 million. The notes will be senior, unsecured obligations, paying interest semi-annually starting January 15, 2021, and maturing on July 15, 2025. Proceeds are expected to cover costs associated with note hedge transactions and repurchase existing notes due 2022. The offering is targeted at qualified institutional buyers and is not registered under the Securities Act.
A recent report by CompareCards reveals that 38% of Americans are currently boycotting at least one company, a significant increase from 26% in January 2019. This shift is attributed to factors like political disagreements and social justice issues, particularly the Black Lives Matter movement. Notably, 23% of boycotters cited accusations of racism against companies, while 51% of Gen Z and 52% of millennials are among the most likely to boycott. Additionally, 53% of consumers prefer companies that support charitable causes.
LendingTree, Inc. (NASDAQ: TREE) reported better-than-expected Q2 2020 results, with projected revenues between $182 - $186 million, exceeding previous estimates. The anticipated GAAP net loss stands at ($10) - ($8 million). Variable marketing margin is expected to reach $79 - $83 million, while Adjusted EBITDA is forecasted at $28 - $32 million. CEO Doug Lebda highlighted resilience amid economic challenges, particularly in the Home segment driven by low interest rates. Guidance for Q3 will be detailed in the upcoming earnings release.
A ValuePenguin.com study reveals that the United States spent approximately $319.3 million on fireworks, with Missouri, Mississippi, Ohio, Alabama, and South Carolina leading in expenditures. Missouri alone spent $51.1 million, representing $8.34 per capita. The study highlights that 96% of fireworks are imported from China. Additionally, July 4th sees a significant surge in firework-related injuries, accounting for 26.2% of annual incidents, with children under 20 being most affected. Experts advise adherence to safety guidelines amidst increased home celebrations due to COVID-19.
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