LendingTree, Inc. Files 2023 Annual Report on Form 10-K

TL;DR

<b>LendingTree, Inc. has filed its 2023 10-K report detailing its financial performance and business operations for the fiscal year ending December 31, 2023.</b>

AI Summary

LendingTree, Inc. (TREE) filed a Annual Report (10-K) with the SEC on February 29, 2024. LendingTree, Inc. filed its 2023 Form 10-K on February 29, 2024, reporting on the fiscal year ending December 31, 2023. The filing covers the period from January 1, 2023, to December 31, 2023. The company's principal business address is 1415 Vantage Park Drive, Suite 700, Charlotte, NC 28203. LendingTree, Inc. was formerly known as Tree.com, Inc., with a name change effective May 7, 2008. The filing includes financial data for the fiscal years 2023, 2022, and 2021.

Why It Matters

For investors and stakeholders tracking LendingTree, Inc., this filing contains several important signals. This 10-K filing provides a comprehensive overview of LendingTree's financial health, operational performance, and strategic positioning for the past fiscal year, crucial for investors and stakeholders to assess the company's current standing and future prospects. The detailed financial statements and risk factors within the report are essential for understanding the company's revenue streams, profitability, debt levels, and potential challenges in the evolving financial services market.

Risk Assessment

Risk Level: medium — LendingTree, Inc. shows moderate risk based on this filing. The company operates in the financial services industry, which is subject to significant regulatory oversight and market fluctuations, as indicated by the nature of a 10-K filing for a loan broker.

Analyst Insight

Investors should review the detailed financial statements and risk factors in the 10-K to understand LendingTree's performance and outlook in the current market environment.

Key Numbers

• 2023-12-31 — Fiscal Year End (Reporting period end date)
• 2024-02-29 — Filing Date (Date the 10-K was filed)
• 2023 — Fiscal Year (Year covered by the report)
• 2022 — Previous Fiscal Year (Comparative financial data year)
• 2021 — Prior Fiscal Year (Comparative financial data year)

Key Players & Entities

• LendingTree, Inc. (company) — Filer name
• Tree.com, Inc. (company) — Former company name
• 1415 Vantage Park Drive, Suite 700, Charlotte, NC 28203 (company) — Business address
• 704-541-5351 (dollar_amount) — Business phone

FAQ

Industry Context

LendingTree operates as a loan broker, connecting consumers with lenders across various financial products. The industry is characterized by competition, regulatory changes, and economic sensitivity.

Regulatory Implications

As a financial services company, LendingTree is subject to regulations governing lending, data privacy, and consumer protection, which can impact its operations and business model.

What Investors Should Do

1. Review LendingTree's consolidated financial statements for the fiscal year ended December 31, 2023.
2. Analyze the risk factors section to understand potential challenges and uncertainties facing the company.
3. Examine management's discussion and analysis of financial condition and results of operations for insights into performance drivers.

Key Dates

• 2023-12-31: Fiscal Year End — End of the reporting period for the 10-K.
• 2024-02-29: Filing Date — Date LendingTree, Inc. submitted its 10-K filing.

Year-Over-Year Comparison

This filing represents the annual 10-K for the fiscal year 2023, providing updated financial and operational information compared to previous filings.

Key Financial Figures

• $0.01 — ange on which registered Common Stock, $0.01 par value per share TREE The Nasdaq Sto

Filing Documents

• tree-20231231.htm (10-K) — 2239KB
• tree-12312023xex1036.htm (EX-10.36) — 67KB
• tree-12312023xex1037.htm (EX-10.37) — 14KB
• tree-12312023xex1038.htm (EX-10.38) — 20KB
• tree-12312023xex1039.htm (EX-10.39) — 57KB
• tree-12312023xex19.htm (EX-19) — 113KB
• tree-12312023xex211.htm (EX-21.1) — 7KB
• tree-12312023xex231.htm (EX-23.1) — 2KB
• tree-12312023xex311.htm (EX-31.1) — 10KB
• tree-12312023xex312.htm (EX-31.2) — 10KB
• tree-12312023xex321.htm (EX-32.1) — 6KB
• tree-12312023xex322.htm (EX-32.8) — 5KB
• tree-12312023xex97.htm (EX-97) — 55KB
• tree-20231231_g1.jpg (GRAPHIC) — 36KB
• tree-20231231_g2.jpg (GRAPHIC) — 334KB
• tree-20231231_g3.jpg (GRAPHIC) — 279KB
• 0001434621-24-000006.txt (&nbsp;) — 14245KB
• tree-20231231.xsd (EX-101.SCH) — 78KB
• tree-20231231_cal.xml (EX-101.CAL) — 133KB
• tree-20231231_def.xml (EX-101.DEF) — 452KB
• tree-20231231_lab.xml (EX-101.LAB) — 1124KB
• tree-20231231_pre.xml (EX-101.PRE) — 728KB
• tree-20231231_htm.xml (XML) — 1822KB

Business

Business 3 Item 1A.

Risk Factors

Risk Factors 9 Item 1B. Unresolved Staff Comments 32 Item 1 C. Cybersecurity 32 Item 2.

Properties

Properties 33 Item 3.

Legal Proceedings

Legal Proceedings 33 Item 4. Mine Safety Disclosures 33 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 34 Item 6. [Reserved] 35 Item 7.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 36 Item 7A.

Quantitative and Qualitative Disclosures about Market Risk

Quantitative and Qualitative Disclosures about Market Risk 52 Item 8.

Financial Statements and Supplementary Data

Financial Statements and Supplementary Data 53 Item 9. Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 96 Item 9A.

Controls and Procedures

Controls and Procedures 96 Item 9B. Other Information 96 Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 97 PART III Item 10. Directors, Executive Officers and Corporate Governance 98 Item 11.

Executive Compensation

Executive Compensation 98 Item 12.

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 98 Item 13. Certain Relationships and Related Transactions, and Director Independence 98 Item 14. Principal Accounting Fees and Services 98 PART IV Item 15. Exhibits, Financial Statement Schedules 99 Item 16. Form 10-K Summary 103 Table of Contents CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This annual report on Form 10-K for the fiscal year ended December 31, 2023 (the "Annual Report") contains "forward-looking statements" within the meaning of the Securities Act of 1933, as amended (the "Securities Act"), and the Securities Exchange Act of 1934, as amended (the "Exchange Act"). These forward-looking statements include statements related to our anticipated financial performance, business prospects and strategy; anticipated trends and prospects in the various industries in which our businesses operate; new products, services and related strategies; and other similar matters. These forward-looking statements are based on management's current expectations and assumptions about future events, which are inherently subject to uncertainties, risks and changes in circumstances that are difficult to predict. The use of words such as "anticipates," "estimates," "expects," "projects," "intends," "plans," "believes" and "forecasts" among others, generally identify forward-looking statements. Actual results could differ materially from those contained in the forward-looking statements. Factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include those matters discussed below, including in Item 1A. Risk Factors. Other unknown or unpredictable factors that could also adversely affect our business, financial condition and results of operations may arise from time to time. In light of these risks and uncertainties, the forward-looking statements discussed in this report

Business

ITEM 1. Business Our Company LendingTree, Inc. ("LendingTree", the "Company", "we" or "us") operates what we believe to be the leading online consumer platform that connects consumers with the choices they need to be confident in their financial decisions. Through multiple branded marketplaces, LendingTree empowers consumers to shop for financial services the same way they would shop for airline tickets or hotel stays, comparing multiple offers from a nationwide network of approximately 500 partners (which we refer to as "Network Partners") in one simple search, and choose the option that best fits their financial needs. Services include mortgage loans, mortgage refinances, home equity loans and lines of credit, auto loans, credit cards, deposit accounts, personal loans, student loans, small business loans, insurance quotes, sales of insurance policies and other related offerings. In addition, we offer tools and resources, including free credit scores, that facilitate comparison shopping for loans, deposit products, insurance and other offerings. We seek to match consumers with multiple providers who can offer them competing quotes for the product(s) they are seeking. We believe our platform, consisting of a deep network of Network Partners across a broad array of financial products, differentiates us from other loan or insurance comparison-shopping marketplaces which may focus on fewer product offerings or partner with fewer service providers. Our strategically designed and executed advertising and marketing campaigns (which we refer to as "performance marketing") span a wide array of digital and traditional media acquisition channels and promote our LendingTree and other brands and product offerings. Our marketing efforts are designed to attract consumers to our websites, mobile applications and toll-free telephone numbers. Interested consumers complete inquiry forms, providing detailed information about themselves and the loans or other offerings they are seek

View Full Filing

View this 10-K filing on SEC EDGAR