Lendingtree Inc Stock Price, News & Analysis

LendingTree has revealed that there are over 1.5 million single fathers in the U.S., making up 4.6% of families with children. Nevada tops the list with a prevalence of 6.8%, followed by Montana and Oklahoma at 6.3% and 6.1%, respectively. Single fathers earn an average income of $67,405, significantly less than the $101,536 average for all families. Additionally, single fathers are generally more educated than cohabiting fathers, with 26% holding at least a bachelor's degree compared to 12% of cohabiting fathers.

LendingTree, Inc. (NASDAQ: TREE) will participate in the J.P. Morgan 50th Annual Global Technology, Media and Communications Conference from May 23-25, 2022. Founder and CEO Doug Lebda is scheduled for a fireside chat on May 23 at 4:30 p.m. ET, which will be webcast and archived on the Company's investor website. LendingTree operates an online marketplace connecting consumers with various financial services, allowing users to compare offers from over 500 partners, including mortgage and personal loans. For more details, visit www.lendingtree.com.

LendingTree, operating as TREE, reported a consolidated revenue of $283.2 million for Q1 2022, marking a 4% increase year-over-year. Despite a GAAP net loss of $10.8 million or $(0.84) per diluted share, the company achieved a variable marketing margin of $94.1 million and adjusted EBITDA of $29.4 million. The Consumer segment saw a remarkable 75% revenue growth, driven by personal loans and small business offerings. Looking ahead, LendingTree revised its full-year 2022 revenue guidance to $1,150 - $1,190 million, reflecting a 5% - 8% growth.

LendingTree, Inc. (NASDAQ: TREE) has announced the appointment of Mark Ernst and Diego Rodriguez as independent directors, effective April 27, 2022. Both directors bring extensive experience; Ernst has a background in technology and financial services, previously serving as EVP and COO at Fiserv, while Rodriguez held a key role at Intuit overseeing product design. The changes come as Jennifer Witz resigns from the Board. Ernst and Rodriguez will stand for election at the annual meeting on June 22, 2022. This strategic addition aims to enhance operational excellence and customer service.

LendingTree, Inc. (NASDAQ: TREE) will release its fiscal first quarter 2022 results on May 5, 2022, at 7:00 a.m. ET. A letter to shareholders will be available on their website. The company will also host a conference call at 9:00 a.m. ET that day, which can be accessed by dialing 877-606-1416. A replay will be available from May 5 to May 13, 2022, at specified numbers. LendingTree connects consumers with financial services, offering a wide range of products, including loans and credit monitoring.

D.A. Davidson & Co. has acted as the exclusive advisor for EarnUp's oversubscribed Series C funding round, which attracted strategic investments from LendingTree (NASDAQ:TREE) and KeyBank (NYSE:KEY), as well as from top institutional investors like Bain Capital Ventures. EarnUp, a San Francisco-based platform, automates loan payment scheduling, managing over $10 billion in payments. The funding aims to enhance enterprise products to benefit mortgage companies and borrowers, reflecting EarnUp's commitment to a fair financial system.

The recent LendingTree survey highlights significant financial impacts of the COVID-19 pandemic on Americans. About 30% of respondents incurred credit card debt, with inflation (48%) and income loss (34%) as primary factors. Notably, 28% of cardholders paid bills late, particularly among parents (45%) and millennials (42%). 14% reported credit limit reductions. Despite challenges, 30% improved their credit scores during this period. Additionally, one-third of Americans pursued new credit cards for rewards, indicating a shift in credit card strategies.

According to a March 2022 survey by LendingTree, 46% of parents reported their children secretly using credit or debit cards without permission, a significant rise from 29% in 2018. The average unauthorized spending amounts to over $500. The survey found that 60% of parents have allowed their children to borrow cards, with nearly half regretting it. Conflicts about money, especially related to unauthorized card use, are common, with 1 in 4 parents arguing about it last month. The survey highlights the impact of technology on spending behaviors among children.