LendingTree Q1 revenue $167.8M, adj. EBITDA up 49% YoY; raises FY 2024 guidance

LendingTree, Inc.

2024-Q1 EPS reported $0.08 revenue$167,768,000

GAAP net income $1.0M ($0.08 diluted EPS); adj. net income $0.70 per diluted share.
Insurance revenue $85.9M (+11% YoY); Home $30.4M (-30%); Consumer $51.5M (-35%).
Raised FY 2024 revenue guidance to $690-720M (prior $650-690M); adj. EBITDA now $85-95M.
Closed $175M term loan to address 2025 convertible note maturity.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

LendingTree, Inc. reported the quarter ended March 31, 2024 results: revenue $167.8 million, net income $1.0 million, EPS $0.08 per diluted share. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $167.8 million
Net income: $1.0 million
EPS: $0.08 per diluted share
Guidance: raised
Result: reported results

Exact text from the filing

REPORTS FIRST QUARTER 2024 RESULTS Insurance Segment Strength and Operating Leverage Drive Strong Results at Top or Above of Forecasted Range • Consolidated revenue of $167.8 million • GAAP net income of $1.0 million or $0.08 per diluted share • Variable marketing margin of $69.4 million • Adjusted EBITDA of $21.6 million • Adjusted net income per share of

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Source: SEC EDGAR

accession 0001434621-24-000010

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