earnings
confidence high
sentiment neutral
materiality 0.70
LendingTree Q4 rev $134.4M, adj EPS $0.28; FY24 adj EBITDA guidance $85-95M (+8-21%)
LendingTree, Inc.
2023-FY EPS reported
-$9.46
revenue$672,502,000
- GAAP net income $12.7M ($0.98 diluted) vs loss of $10.4M in Q4 2022; adjusted net income $3.6M ($0.28 per share).
- Total revenue $134.4M, down 33% YoY, but Insurance segment revenue up 9% QoQ to $59.6M indicating recovery.
- Repurchased $100M of 2025 convertible notes at a discount; ended year with $112M cash.
- FY 2024 guidance: revenue $650-690M (-3% to +3%), variable marketing margin $280-300M, Adj EBITDA $85-95M (+8-21%).
- Insurance segment profit $25.2M, down only 2% YoY; Home revenue $25.1M down 48% YoY.