Trade LendingTree, Inc. - TREE CFD

Treecom Company profile

About Lendingtree Inc

LendingTree, Inc. (LendingTree) is engaged in operating an online consumer platform that connects consumers. It offers consumers tools and resources, including free credit scores, that facilitate comparison-shopping for mortgage loans, home equity loans and lines of credit, reverse mortgage loans, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans, insurance quotes and other related offerings. It manages its business through three operating and reportable segments: Home, Consumer and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, home equity loans and lines of credit, reverse mortgage loans, and real estate. The Consumer segment includes credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement. The Insurance segment consists of insurance quote products.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Lendingtree Inc revenues increased 21% to $1.1B. Net income before extraordinary items totaled $73.1M vs. loss of $28.7M. Revenues reflect Home segment increase of 38% to $441.7M, Consumer segment increase of 30% to $329.9M. Net Income reflects Other income increase from $376K to $123.3M (income), Change in fair value decrease from $5.3M (expense) to $8.2M (income).

Equity composition

Common Stock $.01 Par, 04/11, 50M auth., 11,893,468 issd. less 1,123,261 Treas shs @ $8.5M. Insiders & Strategic holdersown 41.91%. 8/21/08, IPO:16.7M shares.