LendingTree (TREE) Guides FY15 Revenue Ahead of Expectations
LendingTree, Inc. (NASDAQ: TREE) today announced that it expects to exceed its previously provided guidance for fourth quarter and full-year 2015. These expectations are based on preliminary financial data and subject to final reporting and audit procedures. The Company's previously provided guidance and updated outlook are reflected below:
Fourth Quarter and Full-Year 2015
- Full-year 2015 revenue is now anticipated to be $252.5 - $253.5 million, representing growth of 51% compared to full-year 2014 and an increase from previous guidance of $244 - $247 million. This implies fourth quarter revenue of $76.6 - $77.6 million
- Variable Marketing Margin is now anticipated to be in the range of $92.5 – $93.5 million, suggesting year-over-year growth of 42% - 43% and an increase from previous guidance of $89.0 – $91.0 million. This implies fourth quarter Variable Marketing Margin of $25.5 - $26.5 million.
- Adjusted EBITDA is now anticipated to be in the range of $38.8 – $39.8 million, implying year-over-year growth of 78% - 82%, an increase from previous guidance of $38.3 – $38.8 million. This implies fourth quarter Adjusted EBITDA of $10.0 - $11.0 million.
(Street sees FY15 EPS of $2.22 on revenue of $246.32 million)
"Both our mortgage and non-mortgage business continued to perform exceptionally well in the fourth quarter," said Doug Lebda, founder and CEO of LendingTree. "Our mortgage business continued its growth trajectory through what is typically a seasonally-challenging period and despite market fears over rising interest rates. Additionally, we continue to see new growth drivers emerge and we're particularly pleased with the performance in our credit cards and home equity marketplaces. We'll discuss our final results on the call in February, at which time we'll also address any updates to our full-year 2016 outlook."
LendingTree, Inc. also announced that it will release its fourth quarter and full-year earnings results on Thursday, February 25, 2016 and will hold a conference call at 9:00 a.m. Eastern time on that day. Those interested in participating in the conference call may dial in five minutes prior to the start. The call will be simultaneously webcast via the company's website at http://investors.lendingtree.com.
Conference call Toll free #: (877) 606-1416(707) 287-9313 outside the United States/Canada
To listen to a replay of the call Toll free #: (855) 859-2056(404) 537-3406 outside the United States/CanadaReplay Passcode: 25527383
