LendingTree Q1 2022 Earnings Report
Key Takeaways
LendingTree reported Q1 2022 results with revenue and VMM growth, driven by the diversity of its business and strategic investments, despite increasing interest rates and inflationary pressures. The Home segment performed well, offsetting refinance volume decline, while the Consumer business showed strong growth.
Revenue and VMM grew despite increasing interest rates and inflation.
The Home segment performed well, offsetting refinance volume decline.
The Consumer business showed strong growth, particularly in personal loans and small business.
LendingTree is revising its full-year 2022 financial outlook to acknowledge persistency of inflation and a significant jump in mortgage rates.
LendingTree
LendingTree
Forward Guidance
The Company is providing revenue, variable marketing margin and adjusted EBITDA guidance for the second quarter of 2022 and revising our previous guidance for full-year 2022.