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 | 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 fiscal year ended 31 December 2023, Lendingtree Inc revenues decreased 32% to $672.5M. Net loss before extraordinary items decreased 35% to $122.4M. Revenues reflect Home segment decrease of 50% to $143.8M, Consumer segment decrease of 30% to $278.9M. Lower net loss reflects Advertising Expenses decrease of 40% to $391.6M (expense), general and administration decrease of 17% to $92.5M (expense). |
| Employees: | 860 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $904.36M as of Dec 31, 2023 |
| Annual revenue (TTM): | $672.50M as of Dec 31, 2023 |
| EBITDA (TTM): | $40.69M as of Dec 31, 2023 |
| Net annual income (TTM): | -$122.40M as of Dec 31, 2023 |
| Free cash flow (TTM): | $55.04M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $416.69M as of Dec 31, 2023 |
| Shares outstanding: | 13,042,789 as of Feb 23, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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