TREE - LendingTree Non-GAAP EPS of -$0.36 beats by $0.64 revenue of $237.8M misses by $2.34M
- LendingTree press release ( NASDAQ: TREE ): Q3 Non-GAAP EPS of -$0.36 beats by $0.64 .
- Revenue of $237.8M (-20.0% Y/Y) misses by $2.34M .
- Home segment revenue of $64.9 million decreased 42% over third quarter 2021 and produced segment profit of $24.1 million, down 42% over the same period.
- Within Home, mortgage products revenue of $34.5 million declined 63% over prior year, partially offset by 52% growth in home equity.
- Consumer segment revenue of $102.7 million grew 3% over third quarter 2021.
- Within Consumer, personal loans revenue of $37.7 million grew 12% over prior year.
- Revenue from our small business offering grew 9% over prior year.
- Credit card revenue of $24.3 million was down 10% over prior year.
- Insurance segment revenue of $70.2 million decreased 17% over third quarter 2021 and translated into segment profit of $22.6 million, down 15% over the same period.
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Full-year 2022:
- Revenue: $985 - $1,000 million compared to the prior range of $985 - $1,015 million vs $1B consensus
- Variable Marketing Margin: $330 - $340 million versus $325 - $345 million prior
- Adjusted EBITDA: $77 - $82 million versus prior range of $75 - $85 million
Fourth-quarter 2022:
- Revenue: $202 - $217 million vs $217.56M consensus
- Variable Marketing Margin: $70 - $80 million
- Adjusted EBITDA: $9 - $14 million
For further details see:
LendingTree Non-GAAP EPS of -$0.36 beats by $0.64, revenue of $237.8M misses by $2.34M