Financial Performance - The company reported Q3 2024 consolidated revenue of $260.8 million, a 68% increase year-over-year, driven by a 210% increase in Insurance revenue[9]. - Adjusted EBITDA for Q3 2024 was $26.9 million, reflecting a 23% increase compared to the previous year[1]. - The Insurance segment achieved revenue of $169.1 million, with a segment profit of $41.4 million, marking a 77% increase year-over-year[16]. - The Consumer segment revenue decreased by 12% year-over-year to $59.5 million, with a segment profit decline of 19%[13]. - The Home segment revenue was $32.2 million, down 4% year-over-year, with a segment profit of $9.3 million, down 18%[12]. - Small business lending revenue increased by 32% year-over-year, indicating stable lending appetite from partners[14]. - Personal loans revenue grew by 5% year-over-year to $27.8 million, with expectations for improved performance if interest rates continue to decrease[15]. - The company recorded a GAAP net loss of $58.0 million, translating to $(4.34) per diluted share, impacted by a $58.4 million non-cash impairment of equity investments[9]. - The company reported a net loss of $57.978 million for Q3 2024, compared to a net loss of $148.465 million in Q3 2023[27]. - Total revenue for Q3 2024 was $260.789 million, up from $155.188 million in Q3 2023, indicating significant year-over-year growth[27]. - The company reported a net loss of $57,978 thousand for the quarter ended September 30, 2024, compared to a net income of $7,752 thousand for the previous quarter[41]. - Adjusted net income for the quarter was $10,882 thousand, an increase from $7,178 thousand in the prior quarter[41]. - The adjusted net income per share was $0.80, up from $0.54 in the previous quarter[41]. Cash Flow and Financial Position - The cash balance at the end of the quarter was $97 million, an increase from $67 million in the previous quarter, with a convertible note principal balance of $115 million due in July 2025[20]. - The company experienced a net cash outflow from operating activities of $49.210 million for the nine months ended September 30, 2024, compared to a net cash outflow of $135.123 million for the same period in 2023[29]. - Net cash provided by operating activities for the period was $46,022, a decrease from $46,692 in the previous period[30]. - Cash, cash equivalents, restricted cash, and restricted cash equivalents at the end of the period totaled $96,788, down from $175,583 at the beginning of the period[30]. - The net cash used in financing activities was $(52,894), a significant decrease from $(160,150) in the previous period, indicating improved cash management[30]. Future Outlook - The company is optimistic about returning to annual growth across all reportable segments in the upcoming year[1]. - The company expects incremental revenue and segment profit growth in the Insurance sector through 2025, driven by increased carrier spending and targeting consumers in lower demand areas[19]. - The updated financial outlook for full-year 2024 includes revenue projections of $870 - $880 million, an increase from the prior range of $830 - $870 million[22]. - For Q4 2024, the company projects revenue between $231 - $241 million and adjusted EBITDA of $20 - $23 million[22]. Marketing and Operational Metrics - Variable marketing margin increased by 14% year-over-year to $77.2 million, with a margin percentage of 30%[9]. - The company reported a variable marketing margin of $77,223, which is 30% of revenue, down from 34% in the previous quarter[35]. - Variable marketing expense increased to $183,566 from $139,247 in the previous quarter, reflecting a significant rise in marketing efforts[32]. - The company emphasized the importance of variable marketing margin as a measure of marketing effectiveness, which is critical for its operating model[43]. Expenses and Liabilities - Interest expense for the period was $10,060, compared to $1,201 in the previous quarter, reflecting increased borrowing costs[38]. - The company incurred restructuring and severance costs of $273 during the period, compared to $202 in the previous quarter[38]. - The company reported total assets of $787.164 million and total liabilities of $692.908 million as of September 30, 2024[28]. - Total capital expenditures were $(8,398), a decrease from $(9,928) in the previous period, indicating a reduction in investment spending[30]. - The company incurred a loss on impairment of equity investments amounting to $58,376 thousand for the quarter[41].

SHENZHEN, China, Oct. 31, 2024 /PRNewswire/ -- Big Tree Cloud Holdings Limited ("Big Tree Cloud" or the "Company") (NASDAQ: DSY) (NASDAQ: DSYWW), a company devoted to the development, production, and sales of personal care products and other consumer goods in China, today announced  the following changes in directors of the Company and members of the board committees of the Company, each of which took effect on October 31, 2024:(a) the resignation of each of Yifan He, Yanjie ZHU and Fengxin ZHANG (collectiv ...

CHARLOTTE, N.C., Oct. 14, 2024 /PRNewswire/ -- LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced that it will release fiscal third quarter 2024 results after market close on Thursday, October 31, 2024. The company will also post a letter to shareholders on the Company's website at investors.lendingtree.com. The Company will hold a conference call at 4:30 p.m. ET to discuss the earnings release, which will be simultaneou ...

LendingTree (NASDAQ: TREE ) is turning out to be one of top-performing companies in the S&P 500 index with a share price gain of 90% year to date and 271% in the last twelve months. The uptrend is expected Komal is passionate about finance and the stock market. She enjoys forecasting future market trends using a fundamental and technical approach with a focus on both short- and long-term horizons. She intends to provide unbiased analysis to assist investors in selecting the best investment strategies to sta ...

Englewood CO, Aug. 14, 2024 (GLOBE NEWSWIRE) -- iLending, a leading provider of auto refinance solutions, proudly announces its remarkable achievement of being recognized as a LendingTree partner rated Top 3 in Customer Satisfaction for the 14th quarter in a row. Dating back to 2021, this outstanding recognition solidifies iLending's commitment to delivering exceptional service and an unparalleled customer experience in the auto refinance industry. LendingTree, a leading online loan marketplace, recognizes ...

Significant estimates underlying the accompanying consolidated financial statements include: the recoverability of long-lived assets, goodwill and intangible assets; the determination of income taxes payable and deferred income taxes, including related valuation allowances; fair value of assets acquired in a business combination; litigation accruals; contract assets; various other allowances, reserves and accruals; assumptions related to the determination of stock-based compensation; and the determination o ...

LendingTree, Inc.'s (TREE) second-quarter 2024 adjusted net income per share of 54 cents missed the Zacks Consensus Estimate of 73 cents. The reported figure compares unfavorably with $1.14 reported in the prior-year quarter. The results exclude certain non-recurring items. After considering these, TREE reported GAAP net income of $7.8 million against a loss of $0.1 million in the year-ago quarter's level. Total revenues were up 15.1% year over year to $210.1 million. The rise stemmed from a substantial inc ...

The reported revenue compares to the Zacks Consensus Estimate of $194.07 million, representing a surprise of +8.26%. The company delivered an EPS surprise of -26.03%, with the consensus EPS estimate being $0.73. Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance. Revenue- Insurance: $122.10 million versus $86.14 million estimated by four ...

LendingTree, Inc. (NASDAQ:TREE) Q2 2024 Earnings Call Transcript July 25, 2024 5:00 PM ET Company Participants Andrew Wessel - SVP of IR and Corporate Development Doug Lebda - Chairman and CEO Jason Bengel - Incoming CFO Scott Peyree - COO and President of Marketplace Businesses Trent Ziegler - CFO Conference Call Participants Ryan Tomasello - KBW Youssef Squali - Truist Securities Melissa Wedel - JPMorgan Jamie Friedman - Susquehanna International Mike Grondahl - Northland Securities Operator Good day ever ...

Tree.com shares have added about 72.8% since the beginning of the year versus the S&P 500's gain of 13.8%. While Tree.com has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track reco ...