LendingTree Inc. ( TREE ) released its fourth-quarter results after Wednesday's closing bell. Here's a look at the key figures from the report.
The Details: LendingTree ( TREE ) reported quarterly earnings of $1.16 per share, which beat the analyst consensus estimate of losses of five cents. Quarterly revenue came in at $261.5 million, which beat the analyst consensus estimate of $236.84 million, up from revenue of $134.4 million from the same period last year.
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For the quarter, LendingTree ( TREE ) reported:
Home segment revenue of $34 million increased 35% over the fourth quarter 2023 and produced segment profit of $11.7 million, a 44% increase over the same period.
Consumer segment revenue of $55.6 million increased 12% over the fourth quarter of 2023.
Within Consumer, personal loans revenue of $26.5 million increased 21% over prior year while Small Business revenue increased 45% in the period.
Insurance segment revenue of $171.7 million increased 188% from the fourth quarter 2023 and translated into segment profit of $48.0 million, an increase of 90% over the same period.
“We are thrilled to report the company’s fourth-quarter performance was well above the high end of our guidance range, showcasing the strength of our diversification,” said Doug Lebda, LendingTree ( TREE ) CEO.
“Our Insurance business delivered another outstanding quarter with revenue growth of 188% compared to the prior year period. Looking forward, we expect another solid year of AEBITDA growth in 2025 on continued revenue strength and operating expense discipline,” Lebda added.
Outlook: LendingTree ( TREE ) sees first-quarter revenue in a range of $241 million to $248 million, versus the $243.27 million analyst estimate. The company sees fiscal 2025 revenue in a range of $985 million to $1.025 billion, versus the $1.02 billion estimate .
TREE Price Action: According to data from Benzinga Pro, LendingTree ( TREE ) shares were up 10.63% after hours at $44.55 on Wednesday.
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