LendingTree (TREE) Tops Q1 EPS by 80c, provides guidance

LendingTree (NASDAQ: TREE) reported Q1 EPS of $0.70, $0.80 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $167.8 million versus the consensus estimate of $162.77 million.

GUIDANCE:

LendingTree sees FY2024 revenue of $690-720 million, versus the consensus of $667.5 million.

Variable Marketing Margin of $280 - $300 million
Adjusted EBITDA of $85 - $95 million

Second-quarter 2024:

Revenue: $175 - $190 million, versus the consensus of $166.8 million.
Variable Marketing Margin: $70 - $76 million
Adjusted EBITDA: $22 - $26 million

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

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