Lendingtree Inc (OQ:TREE)

Sector:  Financials Industry:  Consumer Lending
See Regulatory Filings on SEC
Company Contact
Address: 1415 Vantage Park Drive, Suite 700
Tel: N/A
Website: https://www.lendingtree.com
IR: See website
Key People
Douglas R. Lebda
Chairman of the Board, Chief Executive Officer
Trent Ziegler
Chief Financial Officer
Scott Peyree
Chief Operating Officer, President - Marketplace Businesses
Scott Totman
Chief Technology Officer
Business Overview
LendingTree, Inc. operates LendingTree.com, an online financial services marketplace. The Company provides customers with access to offers on loans, credit cards, insurance and more through its network of approximately 500 financial partners. Its segments include Home, Consumer, and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, and home equity loans and lines of credit. Its Consumer segment includes products, such as credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as debt settlement. The Insurance segment consists of insurance quote products and insurance policies in its agency businesses. It helps customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of products and tools and personalized financial recommendations, the Company helps customers achieve everyday financial wins.
Financial Overview
For the three months ended 31 March 2024, Lendingtree Inc revenues decreased 16% to $167.8M. Net income decreased 92% to $1M. Revenues reflect Consumer segment decrease of 35% to $51.5M, Home segment decrease of 30% to $30.4M. Net income also reflects Interest income (expense), net - Balanci decrease of 100% to $62K (income), Other income decrease of 44% to $1M (income).
Employees: 860 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $1,020M as of Mar 31, 2024
Annual revenue (TTM): $639.76M as of Mar 31, 2024
EBITDA (TTM): $51.14M as of Mar 31, 2024
Net annual income (TTM): -$134.85M as of Mar 31, 2024
Free cash flow (TTM): $47.30M as of Mar 31, 2024
Net Debt Last Fiscal Year: $415.49M as of Mar 31, 2024
Shares outstanding: 13,224,515 as of Apr 26, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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