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) is widely described in its own communications as one of the nation’s largest and most experienced online financial platforms, operating LendingTree.com as an online financial services marketplace. This news page aggregates press releases, market announcements and other coverage related to LendingTree’s business, financial results, leadership and policy involvement.
Readers can find updates on quarterly earnings, where the company reports revenue, segment performance and non-GAAP measures such as variable marketing margin and adjusted EBITDA. These releases also provide detail on trends across the Home, Consumer and Insurance segments, including mortgage and home equity activity, demand for personal and small business loans, and performance in insurance quote products.
LendingTree’s news flow also includes capital structure and financing developments, such as the August 2025 announcement of a $475 million credit facility consisting of a term loan and revolving credit facility. These items describe how the company manages its debt, liquidity and financial flexibility.
Corporate governance and leadership changes are another key news category. Recent releases cover the unexpected passing of founder Doug Lebda, the appointment of Scott Peyree as President and Chief Executive Officer, the designation of Steve Ozonian as Chairman of the Board, and subsequent leadership promotions such as Ian Smith becoming Chief Operating Officer and Laura Nelson becoming Head of Insurance.
LendingTree also issues news related to public policy and consumer protection. For example, the company publicly supported the Homebuyer Privacy Protection Act, legislation that amends the Fair Credit Reporting Act to limit trigger leads and reduce unwanted solicitation for mortgage applicants.
By following this page, investors and observers can review a chronological record of LendingTree’s official announcements, including conference participation, earnings call schedules, governance updates and commentary on developments in consumer finance that intersect with the company’s marketplace activities.
According to a recent survey by CompareCards, approximately 70 million credit cardholders experienced involuntary credit limit reductions or account closures from mid-May to mid-July 2020. This represents more than one-third of credit card users. Notably, 34% reported having their limits reduced, with many experiencing cuts of $1,000 or less. Reasons cited include credit score declines, inactivity, and missed payments. Although the number of affected cardholders grew, the pace of these actions appeared to slow slightly. Men, high-income individuals, and parents with young children were the most impacted groups.
LendingTree, Inc. (NASDAQ: TREE) announced the pricing of a private offering of $500 million of 0.50% convertible senior notes due 2025. The offering, expected to close around July 24, 2020, will provide approximately $486.6 million in net proceeds. The notes have a conversion rate of 2.1683 shares per $1,000, representing a 30% premium over the last stock price. Proceeds will fund a convertible note hedge, repurchase $130.3 million of existing convertible notes due 2022, and support general corporate purposes. The offering is made under Rule 144A and is exempt from registration.
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.
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