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LENDINGTREE REPORTS FOURTH QUARTER 2024 RESULTS
TREELendingTree(TREE) Prnewswire·2025-03-05 21:05

Core Insights - LendingTree, Inc. reported strong fourth-quarter results for 2024, exceeding guidance expectations, driven by significant revenue growth across all business segments [2][4] - The Insurance segment experienced remarkable growth, with a revenue increase of 188% year-over-year, while the Home and Consumer segments also showed solid growth of 35% and 12% respectively [5][11] - The company anticipates continued revenue growth in 2025, with a focus on operational excellence and expense discipline [2][11] Financial Performance - Total revenue for Q4 2024 reached 261.5million,a95261.5 million, a 95% increase from 134.4 million in Q4 2023 [3][4] - Net income for the quarter was 7.5million,translatingto7.5 million, translating to 0.55 per diluted share, compared to a loss of 58.0millioninthepreviousquarter[3][4]AdjustedEBITDAforQ42024was58.0 million in the previous quarter [3][4] - Adjusted EBITDA for Q4 2024 was 32.2 million, an increase of 108% from 15.5millioninQ42023[3][4]SegmentPerformanceTheInsurancesegmentgenerated15.5 million in Q4 2023 [3][4] Segment Performance - The Insurance segment generated 171.7 million in revenue, up 188% year-over-year, with a segment profit of 48.0million,a9048.0 million, a 90% increase [5][7] - The Home segment reported revenue of 34.0 million, a 35% increase, with a segment profit of 11.7million,up4411.7 million, up 44% [5][7] - The Consumer segment achieved revenue of 55.6 million, a 12% increase, with personal loans revenue rising by 21% [5][7] Financial Outlook - For Q1 2025, the company projects revenue between 241millionand241 million and 248 million, with full-year revenue expected to be in the range of 985millionto985 million to 1,025 million, reflecting a growth of 9% to 14% compared to 2024 [11][13] - Variable Marketing Margin is anticipated to be between 75millionand75 million and 79 million, representing a growth of 5% to 10% over the previous year [13] - Adjusted EBITDA for the full year is expected to range from 116millionto116 million to 126 million, an increase of 11% to 21% from 2024 [13]