LendingTree Stock Falls Despite Improved Q3 Revenue, Raised 2024 Guidance

GuruFocus.com11-02

Despite strong third-quarter performance and an increase in full-year 2024 revenue projection, LendingTree (TREE, Financials) shares fell by double digits during Friday's session. Above the previous $...

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Comparatively to a previous estimate of $280 million to $300 million, the company forecasts a variable marketing margin of $287 million to $292 million for the year. Versus the previous range of $85 million to $95 million, adjusted EBITDA guidance has been tightened to $92 million to $95 million.GuruFocus has detected 6 Warning Signs with TREE.LendingTree projects income for Q4 between $231 million and $241 million, a variable marketing margin of $69 million to $74 million, and modified EBITDA falling within $20 million to $30 million range.Jason Bengel, the chief financial officer, credited continuou","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"TREE":"LendingTree"},"translate_title":"尽管第三季度收入改善并上调2024年指引，LendingTree股价仍下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TREE":1},"content_text":"Despite strong third-quarter performance and an increase in full-year 2024 revenue projection, LendingTree (TREE, Financials) shares fell by double digits during Friday's session.\nAbove the previous $830 million to $870 million range and surpassing the average analyst estimate of $861.6 million, the North Carolina-based online financial platform now projects its 2024 revenue at $870 million to $880 million. Comparatively to a previous estimate of $280 million to $300 million, the company forecasts a variable marketing margin of $287 million to $292 million for the year. Versus the previous range of $85 million to $95 million, adjusted EBITDA guidance has been tightened to $92 million to $95 million.\n\nWarning! GuruFocus has detected 6 Warning Signs with TREE.\n\nLendingTree projects income for Q4 between $231 million and $241 million, a variable marketing margin of $69 million to $74 million, and modified EBITDA falling within $20 million to $30 million range.\nJason Bengel, the chief financial officer, credited continuous growth possibilities and cost-control initiatives for the better guidance; he also said that the company's stronger balance sheet might soon let for capital structure optimization to lower interest expenses.This article first appeared on \nGuruFocus.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2480868400"}