NASDAQ$TREE

LendingTree Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Announced results for the quarter ended September 30, 2022, with consumer segment growth offset by macro headwinds in home and insurance.

LendingTree reported growth in the Consumer segment, which was offset by macro headwinds across the Home and Insurance segments. The company is focusing on improving its brand and delivering financial advice to consumers. A fixed cost analysis was completed to reduce annualized operating expenses by $25M, expected to be fully realized in 2023.

  • Re-introduced LendingTree to consumers with a focus on helping them win financially.
  • Launched updated brand positioning with new advertising creative and a redesigned home page.
  • Initial results show positive aided awareness and improved brand understanding.
  • Variable marketing margins were stable across all three reportable segments.

Headline financials

Total Revenue

$238M

Previous: $297M-20.0%
EPS (adj)

-$0.36

Previous: $0.75-148.0%
Free Cash Flow

-$159M

Previous: -$4.56M-3379.9%
Net Income

-$159M

Previous: -$4.56M-3379.9%
Operating Income

-$18.6M

Previous: $7.42M-350.4%
Gross Profit

$92.3M

Previous: $113M-18.3%
Cash & Equivalents

$286M

Previous: $215M+32.6%
Total Assets

$1.21B

Previous: $1.28B-5.8%
Stock-Based Comp

$15.6M

Previous: $17.1M-8.8%

Revenue & EPS history

LendingTree · Revenue · Quarterly

$238M

Q3 2022-20%vs Q3 2021
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

LendingTree · $87.9M total across 2 segments · Q3 2023

  • Insurance
    $54.5M
  • Home
    $33.4M

Forward guidance

The company updated its full-year 2022 outlook, which implies ranges for the fourth-quarter, assuming a partial benefit from recently completed expense reductions offset by continued headwinds in the Home segment and seasonal patterns.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2022

Historical avgQ3 2022

+2.9%

Avg return

Earnings day

-2.1%

Avg return

5 days after

-3.3%

Avg return

30 days after

59%

38 / 64 earnings

Positive

+41.7%

Q2 2015

Best reaction

-22.2%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-21.9%-20.0%-23.3%
Q4 2025+14.2%+13.7%+8.0%
Q3 2025+2.5%-9.7%-11.2%
Q1 2025-20.3%-30.7%-35.3%
Q4 2024+22.5%+2.2%+14.1%
Q3 2024-22.2%-18.8%-23.8%
Q2 2024+6.3%+0.4%+9.4%
Q1 2024+28.2%+32.3%+19.1%
Q4 2023+3.2%+16.6%+23.5%
Q3 2023+35.5%+45.3%+59.9%
Q2 2023-13.8%-17.1%-33.8%
Q1 2023-20.9%-20.2%-20.3%
Q4 2022-11.6%-11.9%-30.4%
Q3 2022+11.5%+10.1%+10.9%
Q2 2022-6.3%-11.5%-28.6%
Q1 2022-6.0%-18.5%-19.6%
Q4 2021+20.6%-19.0%-1.1%
Q3 2021+10.7%+1.5%-18.3%
Q2 2021-3.7%-10.6%-16.4%
Q1 2021-16.2%-20.4%-16.7%
Q4 2020-18.5%-17.8%-37.6%
Q3 2020-16.2%-12.1%-29.8%
Q2 2020-7.0%-7.2%-14.9%
Q1 2020-6.2%-0.4%+15.9%
Q4 2019-15.1%-19.2%-41.1%
Q3 2019+11.1%+19.3%+11.4%
Q2 2019-15.7%-21.0%-27.8%
Q1 2019+1.8%+4.2%+1.6%
Q4 2018+0.2%+0.7%+8.5%
Q3 2018+30.0%+26.8%+29.1%
Q2 2018-3.0%-2.9%-2.4%
Q1 2018-20.3%-15.8%-15.4%
Q4 2017-8.6%-5.8%-4.5%
Q3 2017+20.3%+21.0%+35.9%
Q2 2017+17.8%+22.0%+21.2%
Q1 2017+12.0%+14.8%+25.2%
Q4 2016+10.0%+5.6%+6.0%
Q3 2016-14.8%-11.7%+18.1%
Q2 2016+5.7%+4.0%+5.4%
Q1 2016-6.8%
Q4 2015+19.4%
Q3 2015+26.5%
Q2 2015+41.7%
Q1 2015-10.9%
Q4 2014+18.4%
Q3 2014+30.1%
Q2 2014+4.5%
Q1 2014-18.2%
Q4 2013+2.3%
Q3 2013+12.0%
Q2 2013+24.1%
Q1 2013-3.3%
Q4 2012+15.1%
Q3 2012+10.4%
Q2 2012+3.5%
Q1 2011+1.2%
Q1 2012+3.2%
Q4 2011+3.2%
Q3 2011-0.4%
Q3 2010-0.4%
Q2 2011+3.5%
Q2 2010+3.5%
Q4 2010+3.5%
Q1 2010+2.8%

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