Exhibit 99.1

LENDINGTREE REPORTS FOURTH QUARTER 2021 RESULTS

Outlook suggests strength in high margin Consumer segment and demonstrated recovery in Insurance

  • Consolidated revenue of $258.3 million
  • GAAP net income from continuing operations of $48.4 million or $3.57 per diluted share
  • Variable marketing margin of $88.5 million
  • Adjusted EBITDA of $24.7 million
  • Adjusted net loss per share of $(0.14)

CHARLOTTE, NC - February 25, 2022 - LendingTree, Inc. (NASDAQ: TREE), operator of LendingTree.com, the nation's leading online financial services marketplace, today announced results for the quarter ended December 31, 2021.

The Company has posted a letter to shareholders on its investor relations website at investors.lendingtree.com.

"As a company, we are galvanized around the strategy we shared with you recently at our Investor Day," said Doug Lebda, Chairman and CEO. "We know that connecting LendingTree's industry-leading brand and deep partner network with an unparalleled customer experience will enable us to accelerate revenue and margin growth while making a meaningful difference in the financial lives of our customers. We're already making substantive progress in designing and testing new experiences with complementary breakthrough marketing campaigns, and we look forward to sharing the results with you as we progress through the year."

Trent Ziegler, CFO, added, "We are pleased to affirm the fourth-quarter and full-year 2021 results we shared preliminarily at our Investor Day earlier this month, and reaffirm our previously released 2022 annual guidance. The Home and Consumer segments continue to perform well, helping offset headwinds in our Insurance business that we see as temporary. Our capital structure and balance sheet afford us flexibility we have not had since before the onset of the pandemic and allowed us to restart our share repurchase during the quarter. Given the rapidly changing landscape across our industry, we are prepared to capitalize on evolving opportunities."

Fourth Quarter 2021 Business Highlights

  • Home segment revenue of $96.3 million grew 8% over fourth quarter 2020 and produced segment profit of $33.8 million, up 5% over the same period.
    • Within Home, mortgage products revenue of $79.6 million declined 2% over the prior year period.
  • Consumer segment revenue of $96.4 million grew 102% over fourth quarter 2020 as the segment continues to rebound.
    • Within Consumer, credit card revenue of $26.4 million was up 122% year-over-year.
    • Personal loans revenue of $36.2 million improved from $33.8 million in third quarter 2021.
    • Revenue from our small business offering grew 13% sequentially from the third quarter 2021.
  • Insurance segment revenue of $65.4 million declined 24% over fourth quarter 2020 and translated into segment profit of $20.8 million, down 38% over the same period.
  • Through December 31, 2021, 21.0 million consumers have signed up for MyLendingTree.

Page 2

LendingTree Summary Financial Metrics

(In millions, except per share amounts)

Three Months Ended

Y/Y

Three Months Ended

Q/Q

December 31,

September 30,

2021

2020

% Change

2021

% Change

Total revenue

$

258.3

$

222.3

16 %

$

297.4

(13)%

Income (loss) before income taxes

$

60.2

$

(13.2)

556 %

(4.4)

1468 %

Income tax (expense) benefit

(11.8)

5.1

(331) %

-

- %

Net income (loss) from continuing

$

48.4

$

(8.1)

698 %

$

(4.4)

1200 %

operations

Net income (loss) from continuing

19 %

(4)%

(1)%

operations % of revenue

Income (loss) per share from continuing

operations

Basic

$

3.67

$

(0.62)

692 %

$

(0.33)

1212 %

Diluted

$

3.57

$

(0.62)

676 %

$

(0.33)

1182 %

Variable marketing margin

Total revenue

$

258.3

$

222.3

16 %

$

297.4

(13) %

Variable marketing expense (1) (2)

$

(169.8)

$

(140.0)

21 %

$

(191.5)

(11) %

Variable marketing margin (2)

$

88.5

$

82.3

8 %

$

105.9

(16)%

Variable marketing margin % of revenue (2)

34 %

37 %

36 %

Adjusted EBITDA (2)

$

24.7

$

26.3

(6)%

$

41.0

(40)%

Adjusted EBITDA % of revenue (2)

10 %

12 %

14 %

Adjusted net (loss) income (2)

$

(1.8)

$

1.8

(200)%

$

10.3

(117)%

Adjusted net (loss) income per share (2)

$

(0.14)

$

0.13

(208)%

$

0.75

(119)%

  1. Represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses. Excludes overhead, fixed costs and personnel-related expenses.
  2. Variable marketing expense, variable marketing margin, variable marketing margin % of revenue, adjusted EBITDA, adjusted EBITDA % of revenue, adjusted net income and adjusted net income per share are non-GAAP measures. Please see "LendingTree's Reconciliation of Non-GAAP Measures to GAAP" and "LendingTree's Principles of Financial Reporting" below for more information.

Page 3

LendingTree Segment Results

(In millions)

Three Months Ended

Y/Y

Three Months Ended

Q/Q

December 31,

September 30,

2021

2020

% Change

2021

% Change

Home(1)

Revenue

$

96.3

$

88.8

8

%

$

112.4

(14) %

Segment profit

$

33.8

$

32.3

5

%

$

41.5

(19) %

Segment profit % of revenue

35 %

36 %

37 %

Consumer(2)

Revenue

$

96.4

$

47.8

102

%

$

100.0

(4) %

Segment profit

$

40.8

$

22.7

80

%

$

44.7

(9) %

Segment profit % of revenue

42 %

47 %

45 %

Insurance(3)

Revenue

$

65.4

$

85.6

(24) %

$

84.8

(23) %

Segment profit

$

20.8

$

33.4

(38) %

$

26.6

(22) %

Segment profit % of revenue

32 %

39 %

31 %

Other(4)

Revenue

$

0.2

$

0.1

100

%

$

0.2

- %

Profit

$

0.1

$

(0.4)

125

%

$

0.1

- %

Total revenue

$

258.3

$

222.3

16 %

$

297.4

(13)%

Total segment profit

$

95.5

$

88.0

9 %

$

112.9

(15)%

Brand marketing expense (5)

$

(7.0)

$

(5.7)

23

%

$

(7.0)

- %

Variable marketing margin

$

88.5

$

82.3

8 %

$

105.9

(16)%

Variable marketing margin % of revenue

34 %

37 %

36 %

  1. The Home segment includes the following products: purchase mortgage, refinance mortgage, home equity loans, reverse mortgage loans, and real estate.
  2. The Consumer segment includes the following products: credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as credit repair and debt settlement.
  3. The Insurance segment consists of insurance quote products.
  4. The Other category includes marketing revenue and related expenses not allocated to a specific segment.
  5. Brand marketing expense represents the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses that are not assignable to the segments' products. This measure excludes overhead, fixed costs and personnel-related expenses.

Page 4

Business Outlook - 2022

Today, the Company is providing revenue, variable marketing margin and adjusted EBITDA guidance for the first quarter of 2022 and maintaining guidance for full-year 2022, as follows:

For first-quarter 2022:

  • Revenue: $280 - $290 million
  • Variable Marketing Margin: $90 - $97 million
  • Adjusted EBITDA: $26 - $31 million

For full-year 2022:

  • Revenue is anticipated to be in the range of $1,200 - $1,250 million, representing growth of 9% - 14% over full- year 2021 results.
  • Variable Marketing Margin is expected to be in the range of $445 - $475 million.
  • Adjusted EBITDA is anticipated to be in the range of $160 - $180 million, up 19% - 34% over full-year 2021 results.

LendingTree is not able to provide a reconciliation of projected variable marketing margin or adjusted EBITDA to the most directly comparable expected GAAP results due to the unknown effect, timing and potential significance of the effects of legal matters and tax considerations. Expenses associated with legal matters and tax consequences have in the past, and may in the future, significantly affect GAAP results in a particular period.

Quarterly Conference Call

A conference call to discuss LendingTree's fourth-quarter 2021 financial results will be webcast live today, February 25, 2022 at 9:00 AM Eastern Time (ET). The live audiocast is open to the public and will be available on LendingTree's investor relations website at investors.lendingtree.com. The call may also be accessed toll-free via phone at (877) 606-1416. Callers outside the United States and Canada may dial (707) 287-9313. Following completion of the call, a recorded replay of the webcast will be available on LendingTree's investor relations website until 12:00 PM ET on Saturday, March 05, 2022. To listen to the telephone replay, call toll-free (855) 859-2056 with passcode #1665618. Callers outside the United States and Canada may dial (404) 537-3406 with passcode #1665618.

Page 5

LENDINGTREE, INC. AND SUBSIDIARIES

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Unaudited)

Three Months Ended

December 31,

2021 2020

Twelve Months Ended

December 31,

2021 2020

(in thousands, except per share amounts)

Revenue

$

258,285

$

222,329

$

1,098,499

$

909,990

Costs and expenses:

Cost of revenue (exclusive of depreciation and amortization shown

14,448

13,558

57,297

54,494

separately below) (1)

Selling and marketing expense (1)

184,847

153,275

773,990

617,404

General and administrative expense (1)

38,546

34,825

153,472

129,101

Product development (1)

13,723

10,384

52,865

43,636

Depreciation

4,941

3,738

17,910

14,201

Amortization of intangibles

9,771

12,475

42,738

53,078

Change in fair value of contingent consideration

-

(2,384)

(8,249)

5,327

Severance

6

105

53

295

Litigation settlements and contingencies

32

40

392

(943)

Total costs and expenses

266,314

226,016

1,090,468

916,593

Operating (loss) income

(8,029)

(3,687)

8,031

(6,603)

Other (expense) income, net:

Interest expense, net

(14,986)

(9,894)

(46,867)

(36,300)

Other income

83,200

369

123,272

376

Income (loss) before income taxes

60,185

(13,212)

84,436

(42,527)

Income tax (expense) benefit

(11,753)

5,095

(11,298)

19,961

Net income (loss) from continuing operations

48,432

(8,117)

73,138

(22,566)

Loss from discontinued operations, net of tax

(507)

(139)

(4,023)

(25,689)

Net income (loss) and comprehensive income (loss)

$

47,925

$

(8,256)

$

69,115

$

(48,255)

Weighted average shares outstanding:

Basic

13,212

13,051

13,199

13,007

Diluted

13,558

13,051

13,695

13,007

Income (loss) per share from continuing operations:

Basic

$

3.67

$

(0.62)

$

5.54

$

(1.73)

Diluted

$

3.57

$

(0.62)

$

5.34

$

(1.73)

Loss per share from discontinued operations:

Basic

$

(0.04)

$

(0.01)

$

(0.30)

$

(1.98)

Diluted

$

(0.04)

$

(0.01)

$

(0.29)

$

(1.98)

Net income (loss) per share:

Basic

$

3.63

$

(0.63)

$

5.24

$

(3.71)

Diluted

$

3.53

$

(0.63)

$

5.05

$

(3.71)

(1) Amounts include non-cash compensation, as follows:

Cost of revenue

$

408

$

372

$

1,639

$

1,319

Selling and marketing expense

1,897

1,809

7,480

6,240

General and administrative expense

12,331

10,442

50,989

39,650

Product development

2,115

1,874

8,447

6,524

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LendingTree Inc. published this content on 25 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 February 2022 12:11:12 UTC.