LendingTree (TREE) Q3 Revenue and FY15 & FY16 Guidance Tops Views

LendingTree (NASDAQ: TREE) reported Q3 EPS of $0.66, may not compare to the analyst estimate of $0.49. Revenue for the quarter came in at $69.8 million versus the consensus estimate of $61.01 million.

LendingTree sees FY2015 revenue of $244-$247 million, versus prior guidance of $225-$230 million and the consensus of $228.30 million.

• Variable Marketing Margin is now anticipated to be in the range of $89 - $91 million, an increase of 37% - 40% over full-year 2014 and up from previous guidance of $86 - $89 million. This implies fourth quarter variable marketing margin of $22 - $24 million.
• Adjusted EBITDA is now anticipated to be in the range of $38.3 - $38.8 million, implying year-over-year growth of 75% - 78%, an increase from previous guidance of $35 - $36 million. This implies fourth quarter Adjusted EBITDA of $9.5 - $10.0 million.

LendingTree sees FY2016 revenue of $315-320 million, versus the consensus of $284.72 million.

• Variable Marketing Margin is anticipated to be $108 - $112 million, an increase of 20% - 24% over the midpoint of FY 2015 guidance.
• Adjusted EBITDA is anticipated to be in the range of $50 - $52 million, implying year-over-year growth of 30% - 35% compared to the midpoint of FY 2015 guidance.

For earnings history and earnings-related data on LendingTree (TREE) click here.

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