LendingTree Increases Full-year Guidance - Quick Facts

(RTTNews) - LendingTree, Inc. (TREE) announced, for 2018, adjusted EBITDA is now anticipated in the range of $152 - $155 million, up from prior range of $148 - $152 million, and representing growth of 32% - 35% over 2017. Revenue is now anticipated to be in the range of $765 - $775 million, up from prior range of $745 - $765 million.

For the third-quarter, adjusted EBITDA was $45.3 million increased 31% over third quarter 2017. Consolidated revenue was $197.1 million, an increase of 15% over revenue in the third quarter 2017.

J.D. Moriarty, CFO, said: "Although the mortgage environment continues to worsen, our other businesses are picking up the slack, enabling us to stay focused on enhancing the mortgage experience. And with the QuoteWizard acquisition officially closed as of yesterday, we're thrilled to be a leading player, at scale, in yet another large and growing non-mortgage category. We continue to meet our financial commitments, we're increasing our full-year guidance to reflect the impact of the acquisition."