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Dec 31, 2022
LendingTree Q4 2022 Earnings Report
LendingTree reported fourth quarter earnings, highlighted by insurance segment margin recovery offset by home revenue declines.
Key Takeaways
LendingTree's Q4 2022 results showed strength in the Insurance segment margin, which helped to offset declines in Home revenue. The company remains well capitalized with $299 million in cash and is focused on managing operating expenses.
LendingTree launched the LendingTree Win Card, rewarding consumers for healthy financial habits.
The Home segment faced headwinds due to higher rates and low housing inventory.
Home Equity offering and Insurance segment margin growth helped offset Home performance decline.
The company has $299 million of cash on the balance sheet.
LendingTree
LendingTree
Forward Guidance
LendingTree provided revenue, variable marketing margin, and adjusted EBITDA guidance for the first quarter and full year of 2023.