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
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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