Headquartered in Charlotte, NC Fiscal year ends December NASDAQ: TREE lendingtree.com
LendingTree, Inc. operates an online financial services marketplace through LendingTree.com and the subsidiaries of LendingTree, LLC.
The marketplace connects consumers with offers on loans, credit cards, insurance and other financial products from a network of approximately 770 financial partners. The company earns revenue mainly by monetizing consumer traffic and inquiries sent to partner lenders, carriers and financial institutions. Marketing efficiency, measured as variable marketing margin, is central to its operating model.
The company reports three segments:
- **Insurance:** insurance quote products. This is the largest segment by revenue.
- **Consumer:** credit cards, personal loans, small business loans, auto loans, deposit accounts and debt settlement.
- **Home:** purchase mortgage, refinance mortgage and home equity loans. Home equity is currently the main growth driver within Home.
LendingTree is adding AI-driven tools to its shopping experience. These include voice AI services, AI overviews on offer pages, and controlled distribution, which lets consumers shop in stages. The company is also pursuing monopolization claims against Google. Updated
A $98.8 million non-cash goodwill impairment turned a tenth straight quarter of double-digit revenue growth into a GAAP loss, with the headline EPS missing expectations. Insurance revenue climbed 15%, and management raised full-year guidance while planning its first buyback since early 2022.
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LendingTree, Inc. operates an online financial services marketplace through LendingTree.com and the subsidiaries of LendingTree, LLC. The marketplace connects consumers with offers on loans, credit cards, insurance and other financial products from a network of approximately 770 financial partners.
The Wall Street consensus 12-month price target for TREE is $54.67.
