TREE - LendingTree stock advances 2% as preliminary Q4 revenue tops consensus

Ahead of its Investor Day event, LendingTree (NASDAQ:TREE) shares rise 2.3% in premarket trading after the company's preliminary Q4 revenue topped consensus and adjusted EBITDA is expected to land at the top end of its guidance. Its preliminary Q4 revenue of $258M exceeds the average analyst estimate of $265.2M. Adjusted EBITDA is expected to be $25M vs. its previously disclosed guidance range of $18M-$25M. Q4 variable marketing margin is expected to be $88M, in the upper half of its $81M-$91M guidance range. For 2022, the financial services marketplace company expects revenue of $1.20B-$1.25B, representing growth of 9%-14% vs. preliminary 2021 revenue, and compares with consensus estimate of $1.23B. Guidance for variable marketing margin is $445M-$475M for 2022, up from 2021 preliminary figure of $382M; adjusted EBITDA $160M-$180M, up from 2021 preliminary number of $135M. LendingTree (TREE) holds its virtual Investor Day at 10:00 AM ET. SA contributor Orange Ranger takes a bearish

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LendingTree stock advances 2% as preliminary Q4 revenue tops consensus