LendingTree Reports Record Third Quarter 2019 Results
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LendingTree (TREE) Tops Q3 EPS by 61c, Revenues Beat; Raises FY19 Revenue Guidance
October 30, 2019 5:01 PM EDTLendingTree (NASDAQ: TREE) reported Q3 EPS of $2.25, $0.61 better than the analyst estimate of $1.64. Revenue for the quarter came in at $310.6 million versus the consensus estimate of $295.29 million.
Third Quarter 2019 Financial Highlights
Record consolidated revenue of $310.6 million represents an increase of 58% over revenue in the third quarter 2018.GAAP net income from continuing operations of $24.5 million, or $1.67 per diluted share.Record variable marketing margin of $115.6 million represented 37% of revenue and grew 50% over third quarter 2018.Record adjusted EBITDA of $63.0 million increased 39% over third quarter... More