Lendingtree Inc Stock Price, News & Analysis

According to LendingTree's survey, Super Bowl spending is projected to decline by 19% compared to last year, with average expected expenditures dropping from $108 to $88. Additionally, 28% of respondents indicated they will not watch the game, up from 21% in 2021. Northeasterners anticipate spending the most at $144, despite their teams being eliminated. 30% of Americans plan to bet on the game, with 1 in 3 using credit cards for their wagers. The survey highlights changing consumer habits influenced by financial constraints.

LendingTree, operator of LendingTree.com, announced it will release its fiscal fourth quarter 2021 results on February 25, 2022, at 7:00 a.m. ET. A shareholder letter will also be posted on the company's website. A conference call is scheduled for 9:00 a.m. ET on the same day, available via webcast. Interested participants can join the call by dialing in five minutes prior to start. Replay of the call will be accessible until March 5, 2022.

LendingTree, operator of LendingTree.com, announced revisions to its 2021 guidance and provided financial outlook for 2022 during a virtual Analyst and Investor Event on February 2, 2022. The company projects fourth-quarter revenue at $258 million, contributing to an estimated full-year revenue of $1.098 billion. For 2022, anticipated revenue ranges from $1.2 billion to $1.25 billion, indicating a growth of 9%-14% over 2021. Adjusted EBITDA is expected to be $160 million to $180 million, representing a 19%-34% increase.

According to a recent LendingTree survey, Valentine's Day spending is set to rise by 44% this year, with couples planning to spend an average of $208. This increase follows a dip during the pandemic. Notably, spending peaks at $247 among couples together for one to two years. A significant portion of consumers (30%) anticipate incurring credit card debt due to this spending, with dining out gaining popularity—37% of couples opting for a special dinner out compared to 26% last year. The survey highlights a renewed enthusiasm for Valentine's Day celebrations.

LendingTree, a leading online financial services marketplace, has launched TreeQual, an automated pre-approval platform. This initiative aims to enhance consumer access to financial products by collaborating with founding partners Mercury Financial, Avant, and Ally Credit Card. TreeQual enables lenders to identify qualified members efficiently, allowing users to compare pre-approved offers confidently. The platform enhances the user experience while delivering high-quality consumers to partners. As a result, LendingTree reinforces its mission of advocating for consumers in financial services.

LendingTree released a study revealing 88% of Americans spend on items to boost happiness, with travel and food leading at 45%. Notably, 43% have incurred debt for happiness pursuits, and 33% believe money brings more happiness than love. However, 54% of respondents found that these purchases only offered temporary relief. Higher-income individuals are more likely to think money can buy happiness, especially post-pandemic, with 19% believing it fully buys happiness. The survey involved 2,102 U.S. consumers conducted by Qualtrics.

LendingTree (NASDAQ: TREE) announces the appointment of Shiv Singh as Chief Marketing & Customer Experience Officer, marking a significant leadership change. Singh joins from Expedia Group, where he enhanced brand loyalty. This transition follows the upcoming departure of Neil Salvage, LendingTree's President of Marketplace. J.D. Moriarty is set to replace him, while Jorge de Castro expands his role to enhance the My LendingTree platform. The reorganization aims to centralize operations and bolster the company’s digital marketing efforts, aligning with its goal of becoming a leading consumer-focused financial services marketplace.

LendingTree released a study identifying the best places to pay down debt in 2022, with Raleigh, North Carolina ranking first. The study examined 100 U.S. metropolitan areas based on five metrics, including average credit utilization and unemployment rates. Notably, North Carolina has three cities in the top 10, including Durham (4th) and Winston-Salem (6th). In contrast, Honolulu and five cities in California were identified as the worst locations for debt reduction. These findings aim to empower consumers in making informed financial decisions.