LendingTree Surpasses Q3 Earnings Estimates, Raises 2024 View [Yahoo! Finance]
LendingTree, Inc. (TREE)
Last lendingtree, inc. earnings: 2/25 07:00 am
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investors.lendingtree.com
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Source: Yahoo! Finance
The figure compares favorably with the 61 cents reported in the prior-year quarter. Find the latest earnings estimates and surprises on the Zacks Earnings Calendar. The results were driven by increased earnings before interest, taxes, depreciation and amortization (EBITDA). A rise in revenues acted as another tailwind. However, an increase in total cost was a spoilsport. The results exclude certain non-recurring items. After considering these, TREE reported a GAAP net loss of $58 million compared with a loss of $148.5 million in the year-ago quarter. Total revenues grew 68% year over year to $260.8 million. The rise stemmed from a substantial increase in the Insurance segment's revenues. Also, the reported figure surpassed the Zacks Consensus Estimate by 6.9%. The total cost of revenues was $9.4 million, up 23.8% from the prior-year quarter. Adjusted EBITDA totaled $26.9 million, up 23% year over year. The variable marketing margin was $77.2 million, up 14% year over year.
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TREE
News
- Coverdash Partners With LendingTree to Launch Its First-Ever Insurance Offering for Startups and SMBsBusiness Wire
- LendingTree, Inc. to Present at the Stephens Annual Investment Conference [Yahoo! Finance]Yahoo! Finance
- LendingTree, Inc. to Present at the Stephens Annual Investment ConferencePR Newswire
- Daily HELOC rates on November 14, 2024: Rates are still falling [USA TODAY]USA TODAY
- Mortgage rates for November 14, 2024: Rates trending higher [USA TODAY]USA TODAY
TREE
Earnings
- 10/31/24 - Beat
TREE
Sec Filings
- 11/15/24 - Form 4/A
- 11/12/24 - Form 4
- 11/12/24 - Form 4
- TREE's page on the SEC website