2022-05-05 07:26:55 TREE LendingTree
05/05/22 05/0507:26 05/05/2207:26 | LendingTree cuts FY22 revenue view to $1.15B-$1.19B from $1.2B-$1.25BFY22 consensus $1.22B. Cuts FY22 adjusted EBITDA view to $140M-$150M from $160M-$180M. Trent Ziegler, CFO, added, "We remain in a position of strength to invest in our business, creating the premier customer financial shopping experience, while much of our competition struggle with profitability. We are leaning into this strength, maintaining the investment in our strategic priorities and the strength of our brand despite numerous macro headwinds. However, the persistency of inflation and its impact on our insurance partners, along with a significant jump in mortgage rates has to be acknowledged and reflected in our forecast. As a result, we are revising our financial outlook for 2022." |
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