TREE - LendingTree drops on Q4 earnings revenue drop

For Q4, LendingTree ([[TREE]] -8.8%) the company reported 21% and 36% growth in insurance segment and home segment revenue respectively; consolidated revenue dropped to $222.3M from $255.2M in year ago quarter.Net loss for the quarter stood at $8.1M or -$0.62/share compared to net income of $1.5M or $0.10/share in year ago quarter.Adj. EBITDA stood at $26.3M compared to $45.9M in year ago quarter.Variable marketing margin stood at $82.3M compared to $93.8M in year ago quarter.Through Dec.31, 2020, the company reported 16.6M consumers who have signed up for My LendingTree.1Q21 Outlook: Revenue is expected to be between $260-$270M, variable marketing margin of $80-$85M and adj. EBITDA seen between $20-$25M.Previously: LendingTree EPS beats by $0.39, beats on revenue

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LendingTree drops on Q4 earnings, revenue drop