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 | Jason Bengel Chief Financial Officer | Scott Peyree Chief Operating Officer, President - Marketplace Businesses, President - Insurance |
| Jill Olmstead Chief Human Resource Officer | 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 six months ended 30 June 2024, Lendingtree Inc revenues decreased 1% to $377.9M. Net income decreased 34% to $8.8M. Revenues reflect Consumer segment decrease of 34% to $107.4M, Home segment decrease of 27% to $62.6M. Net income also reflects Interest income (expense), net - Balanci decrease of 68% to $10M (income), Interest expense, net increase of 37% to $17.8M (expense). |
| Employees: | 860 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,180M as of Jun 30, 2024 |
| Annual revenue (TTM): | $667.45M as of Jun 30, 2024 |
| EBITDA (TTM): | $49.93M as of Jun 30, 2024 |
| Net annual income (TTM): | -$126.98M as of Jun 30, 2024 |
| Free cash flow (TTM): | $26.96M as of Jun 30, 2024 |
| Net Debt Last Fiscal Year: | $415.85M as of Jun 30, 2024 |
| Shares outstanding: | 13,342,700 as of Jul 29, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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