LendingTree Q3 revenue beats analyst estimates on insurance segment performance

Overview

• US online financial marketplace's Q3 revenue rose 12% yr/yr, beating analyst expectations

• Company posted GAAP net loss on $98.8 mln non-cash goodwill charge

Outlook

• LendingTree sees Q4 revenue of $315 mln to $325 mln

• Company expects Q4 adjusted EBITDA of $34 mln to $36 mln

• LendingTree forecasts full-year 2026 revenue of $1.30 bln to $1.31 bln

Result Drivers

• INSURANCE SEGMENT - Revenue rose 15% yr/yr, driving segment profit up 14%, according to CEO Scott Peyree

• HOME EQUITY LENDING - Home segment revenue rose 9% yr/yr, with home equity revenue up 20%, per company

• AI FEATURES & DISTRIBUTION - Rollout of new AI tools and controlled distribution aimed to improve consumer experience and monetization, per CEO

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the consumer lending peer group is "buy"

• Wall Street's median 12-month price target for LendingTree, Inc. is $55.00, about 103.1% above its November 2 closing price of $27.08

• The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Reuters Recommended Reads

• Nov 1 - China's big banks post fastest quarterly profit growth in years as margins stabilise

• Nov 3 - Block raises full-year profit outlook as Cash App drives Q3 growth

• Nov 2 - CNA misses Q3 analysts' estimates as core income drops 50%

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)