Lendingtree Inc (OQ:TREE)
Business Focus: Consumer Lending
| Sector: Financials | Industry: Consumer Lending |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1415 Vantage Park Drive, Suite 700 CHARLOTTE NC 28203 |
| 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 | John J.D. Moriarty Chief Operating Officer, President - LendingTree Marketplace |
| Scott Peyree President - Insurance | Scott Totman Chief Technology Officer | |
| Business Overview |
| LendingTree, Inc. is engaged in operating an online consumer platform that connects consumers. It offers consumers tools and resources, including free credit scores, that facilitate comparison-shopping for mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans, insurance quotes and other related offerings. It manages its business through three operating and reportable segments: Home, Consumer and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The Insurance segment consists of insurance quote products and insurance policies in its agency businesses. |
| Financial Overview |
| For the three months ended 31 March 2023, Lendingtree Inc revenues decreased 29% to $200.5M. Net income before extraordinary items totaled $13.5M vs. loss of $10.8M. Revenues reflect Home segment decrease of 57% to $43.7M, Consumer segment decrease of 21% to $79.7M. Net Income reflects selling and general decrease of 33% to $135.4M (expense), Amortization of intangibles decrease of 74% to $2M (expense). |
| Employees: | 1,240 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $737.16M as of Mar 31, 2023 |
| Annual revenue (TTM): | $902.32M as of Mar 31, 2023 |
| EBITDA (TTM): | $13.36M as of Mar 31, 2023 |
| Net annual income (TTM): | -$163.67M as of Mar 31, 2023 |
| Free cash flow (TTM): | $35.69M as of Mar 31, 2023 |
| Net Debt Last Fiscal Year: | $477.78M as of Mar 31, 2023 |
| Shares outstanding: | 12,910,742 as of Apr 26, 2023 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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