LendingTree Q3 2022 Earnings Report
Key Takeaways
LendingTree reported growth in the Consumer segment, which was offset by macro headwinds across the Home and Insurance segments. The company is focusing on improving its brand and delivering financial advice to consumers. A fixed cost analysis was completed to reduce annualized operating expenses by $25M, expected to be fully realized in 2023.
Re-introduced LendingTree to consumers with a focus on helping them win financially.
Launched updated brand positioning with new advertising creative and a redesigned home page.
Initial results show positive aided awareness and improved brand understanding.
Variable marketing margins were stable across all three reportable segments.
LendingTree
LendingTree
Forward Guidance
The company updated its full-year 2022 outlook, which implies ranges for the fourth-quarter, assuming a partial benefit from recently completed expense reductions offset by continued headwinds in the Home segment and seasonal patterns.