Lendingtree Inc Stock Price, News & Analysis

LendingTree, Inc. (NASDAQ: TREE) will announce its fiscal first quarter 2023 results on May 2, 2023, at 7:00 a.m. ET. A shareholder letter will be available on the company's investor relations website. Following the earnings release, a conference call is scheduled for 9:00 a.m. ET, which will be streamed on the same site. LendingTree, a leading online financial marketplace, connects customers with over 600 financial partners offering loans, credit cards, and insurance. Established to empower consumers financially, LendingTree strives to assist users in achieving better financial health and savings.

Funding Circle partners with LendingTree to provide its business customers access to term loans ranging from six months to seven years, with amounts up to $500,000. These loans can be funded in as quickly as 48 hours post-application. This collaboration aims to enhance access to affordable financing for small businesses, which often struggle to secure credit from traditional banks. Research from the Bank for International Settlements indicates that Funding Circle offers capital at lower costs and predicts loan performance more accurately than conventional credit scoring methods.

LendingTree, Inc. (NASDAQ: TREE) announced the repurchase of approximately $190 million in Convertible Senior Notes due 2025, paying about $156.4 million in cash. This move is part of their strategic financial management to reduce debt obligations. Following this repurchase, the company anticipates that a portion of existing convertible note hedges will be terminated, potentially leading to secondary market transactions involving the company's common stock. LendingTree remains a leading online financial services marketplace, serving over 120 million customers since its inception.

LendingTree has launched the Win Card, its first branded credit card created in partnership with Upgrade. The card offers zero annual fees and allows cardholders to earn 2% cash back on all purchases. Designed to promote healthy financial habits, the card rewards responsible credit use and helps improve credit scores. The Win Card is part of LendingTree's ongoing mission to empower consumers financially, and it integrates with the LendingTree app for easy tracking. The initial offering is limited to select LendingTree members, with a waitlist available for broader access.

LendingTree, Inc. (NASDAQ: TREE) reported fourth-quarter 2022 results, revealing consolidated revenue of $202.1 million, a 22% decline year-over-year. The company faced a GAAP net loss of $(10.4 million) or $(0.81) per diluted share. Significant declines were noted in the Home segment with a 50% revenue decrease to $48.6 million, driven by lower refinancing activity and high housing prices. However, the Insurance segment grew by 2% to $67.0 million. The company aims for 2023 revenue between $935 million and $985 million, indicating a slight decline of 0% to 5% compared to 2022.

LendingTree, Inc. (NASDAQ: TREE) will announce its fiscal fourth quarter and full-year 2022 results on February 27, 2023, at 7:00 a.m. ET. A letter to shareholders will be available on the company's investor website. Following the release, a conference call is scheduled for 9:00 a.m. ET, which will also be webcast live. LendingTree is a leading online financial services marketplace, connecting consumers with over 600 financial partners to provide competitive offers on loans, credit cards, insurance, and more. The company aims to enhance financial health and savings for millions of customers through personalized financial tools.

Skillz (NYSE: SKLZ) announces the appointment of Alex Mandel, former CFO of The Influential Network Inc., to its Board of Directors. He replaces Vanna Mehta-Krantz, who is stepping down for other commitments. Mandel brings extensive financial experience, having previously held CFO positions at Fluent, Inc. (NASDAQ: FLNT) and LendingTree, Inc. (NASDAQ: TREE). His expertise is expected to support Skillz's growth strategy and enhance operations. CEO Andrew Paradise has expressed excitement about Mandel’s role in accelerating the company's trajectory toward profitability.

LendingTree's recent report reveals that 35% of Americans are considering applying for a store credit card this holiday season—an increase from 29% last year. The most popular store card is from Kohl's, representing 9.5% of store cards nationwide. The highest concentration of store card holders is in Nashville (47.5%) and Baton Rouge (47.2%). While many consumers are eager to use store cards to save money, nearly 40% of current holders regret at least one of their cards. Caution is advised due to high interest rates on store cards.