earnings
confidence high
sentiment positive
materiality 0.75
LendingTree Q3 revenue up 68% to $260.8M; Insurance surges 210%; FY outlook raised
LendingTree, Inc.
2024-Q3 EPS reported
-$3.72
revenue$638,697,000
- Revenue $260.8M (+68% YoY); GAAP net loss $58.0M ($4.34/sh) includes $58.4M non-cash impairment.
- Adjusted EBITDA $26.9M (+23% YoY); adjusted EPS $0.80 (+31% YoY).
- Insurance segment revenue $169.1M (+210%) drives record segment profit $41.4M (+77%).
- Full-year 2024 revenue guidance raised to $870-880M; Adj EBITDA raised to $92-95M.
- Consumer segment revenue down 12% YoY but up 6% sequentially; Home revenue down 4% YoY.