LendingTree Inc.'s (TREE) stock soared 15.72% in the pre-market trading session on Thursday, following the company's impressive fourth-quarter 2024 financial results and strong guidance for 2025.
The online lending marketplace operator reported fourth-quarter adjusted earnings per share of $1.16, substantially beating analysts' consensus estimate of $0.37. LendingTree's revenue of $261.5 million also came in well above expectations, representing a remarkable 94.6% year-over-year increase. The robust performance was driven by strong growth across all three of LendingTree's core business segments: Home, Consumer, and Insurance. Looking ahead, LendingTree expects another solid year of revenue growth and profitability in 2025, forecasting full-year revenue in the range of $985 million to $1.025 billion, up 9% to 14% from 2024. The company's diversified product offerings, operational efficiency, and favorable market conditions are expected to fuel this growth.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.