TREE - LendingTree preliminary Q4 revenue beats guidance consensus

LendingTree (TREE) gains 2.5% in premarket trading after its preliminary Q4 revenue exceeds its previous guidance and beats consensus estimates.Sees Q4 revenue of $220M-$222M, up from its prior guidance of $200M-$215M and beating the average analyst estimate of $210.4M.Sees Q4 variable marketing margin of $80M-$82M vs. prior range of $72M-$78M.Sees adjusted EBITDA of $24M-$26M vs. prior range of $13M-$18M and Visible Alpha estimate of $17.1M.Furthermore, Chief Financial Officer J.D. Moriarty said momentum ramped up as TREE entered 2021.TREE's Home segment revenue grew more than 30% Y/Y; Insurance segment revenue increased by ~20%; and the Consumer segment is "showing sustained signs of recovery," Moriarty said." In our Credit Card business, for example, revenue has improved sequentially every month since the low in May, and revenue in the month of December grew more than 90% relative to September," he said.LendingTree reports its Q4 results on Feb. 25.In December, Oppenheimer called TREE a

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LendingTree preliminary Q4 revenue beats guidance, consensus