LendingTree (TREE) Tops Q1 EPS by 35c, Lowers FY Guidance

LendingTree (NASDAQ: TREE) reported Q1 EPS of $0.25, $0.35 better than the analyst estimate of ($0.10). Revenue for the quarter came in at $200.5 million versus the consensus estimate of $207.03 million.

GUIDANCE:

LendingTree sees FY2023 revenue of $760-800 million, versus the consensus of $945 million.

• Variable Marketing Margin of $290 - $310 million vs prior range of $325 - $350 million.
• Adjusted EBITDA of $80 - $90 million vs prior range of $85 - $95 million.

LendingTree sees Q2 2023 revenue of $190-200 million.

• Variable Marketing Margin: $75 - $80 million
• Adjusted EBITDA: $17 - $22 million

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

You May Also Be Interested In

• Evercose ISI downgrades Reddit, says monetization may not offset traffic weakness
• Stifel on FedEx Freight (FDXF): 'Enters Its Post-Breakup Era - Time to Hit the Gym and Focus on Itself'
• Ingersoll Rand names two new segment presidents, CEO gets new deal