TREE - LendingTree recovers early trade losses on stable Q3 results conservative outlook

"Our Home segment produced record results in Q3, and we remain encouraged with the ongoing recovery in our Consumer segment. Despite industry headwinds impacting our insurance partners, we are operating that business from a position of strength, and are well positioned to grow market share as the industry rebounds," LendingTree (TREE -3.1%) Chairman and CEO Doug Lebda commented. Home segment revenue of $112.4M (+42% Y/Y) and within home, mortgage products revenue of $92.6M (+31% Y/Y); Consumer segment revenue of $100M (+107% Y/Y) and within consumer personal loans revenue of $33.8M (+34% Q/Q). Credit card and small business segment revenue surged 20% and 53% respectively; insurance segment revenue was lower 8% Y/Y. Through Sep.30, 2021, 20M consumers have signed up for My LendingTree. GAAP net loss from continuing operations of $4.4M or $0.33/share compared to net loss of $24.1M or -$1.9/share in year ago quarter. Variable marketing margin stood at $105.9M or 36% of revenue compared to

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LendingTree recovers early trade losses on stable Q3 results, conservative outlook