NASDAQ$TREE

LendingTree Inc · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

Reported a 68% revenue growth driven by strong insurance performance and a strengthening consumer segment

LendingTree reported a consolidated revenue of $260.8 million, a GAAP net loss of $(58.0) million, and an adjusted net income per share of $0.80 for Q3 2024. The Insurance segment saw tremendous growth, while the Consumer segment also showed sequential improvement.

  • Consolidated revenue reached $260.8 million.
  • GAAP net loss was $(58.0) million, including a significant non-cash impairment.
  • Variable marketing margin stood at $77.2 million.
  • Adjusted net income per share was $0.80.

Headline financials

Total Revenue

$261M

Previous: $155M+68.0%
EPS

-$4.34

Previous: $0.61-811.5%
Variable Marketing Margin

$77.2M

Previous: $67.7M+14.0%
Adjusted EBITDA

$26.9M

No prior period
VMM % of Revenue

30.0%

No prior period
Adj EBITDA % of Revenue

10.0%

No prior period
Adjusted Net Loss

$10.9M

No prior period
Net Income % of Revenue

-22.0%

No prior period
Home Segment Profit

$9.3M

No prior period
Consumer Segment Profit

$28M

No prior period
Insurance Segment Profit

$41.4M

No prior period
Total Segment Profit

$78.6M

No prior period
Capital Expenditures

-$2.92M

No prior period
Free Cash Flow

-$58M

Previous: -$148M+60.9%
Net Income

-$58M

Previous: -$148M+60.9%
Operating Income

$9.92M

Previous: -$34M+129.2%
Gross Profit

$78.6M

Previous: $69.1M+13.9%
Cash & Equivalents

$96.8M

Previous: $176M-44.9%
Total Assets

$787M

Previous: $885M-11.1%
Stock-Based Comp

$6.86M

Previous: $9.85M-30.4%

Revenue & EPS history

LendingTree · Revenue · Quarterly

$261M

Q3 2024+68%vs Q3 2023
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

LendingTree updated its full-year 2024 outlook, implying the following fourth quarter outlook: revenue of $231 - $241 million, variable marketing margin of $69 - $74 million, and adjusted EBITDA of $20 - $23 million.

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 2024

Historical avgQ3 2024

+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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