Lendingtree Inc Stock Price, News & Analysis

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.

LendingTree reported its fourth-quarter 2021 results, showcasing total revenue of $258.3 million, a 16% increase year-over-year. The Consumer segment saw remarkable growth, with revenue up 102% to $96.4 million, while the Home segment revenue grew 8% to $96.3 million. However, the Insurance segment faced challenges, declining by 24% to $65.4 million. The company anticipates 2022 revenue between $1.2 billion and $1.25 billion, reflecting 9%-14% growth.

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.