LendingTree Expects to Exceed FY 2015 Guidance; Announces Date of Fourth Quarter 2015 Earnings Release and Conference Call
Fourth Quarter and Full-Year 2015
- Full-year 2015 revenue is now anticipated to be $252.5 -
$253.5 million , representing growth of 51% compared to full-year 2014 and an increase from previous guidance of$244 -$247 million . This implies fourth quarter revenue of $76.6 -$77.6 million
- Variable Marketing Margin is now anticipated to be in the range of
$92.5 -$93.5 million , suggesting year-over-year growth of 42% - 43% and an increase from previous guidance of$89.0 -$91.0 million . This implies fourth quarter Variable Marketing Margin of$25.5 -$26.5 million .
- Adjusted EBITDA is now anticipated to be in the range of
$38.8 -$39.8 million , implying year-over-year growth of 78% - 82%, an increase from previous guidance of$38.3 -$38.8 million . This implies fourth quarter Adjusted EBITDA of$10.0 -$11.0 million .
"Both our mortgage and non-mortgage business continued to perform exceptionally well in the fourth quarter," said
Conference call
Toll free #: (877) 606-1416
(707) 287-9313 outside the
To listen to a replay of the call
Toll free #: (855) 859-2056
(404) 537-3406 outside the
Replay Passcode: 25527383
Replay will be available beginning at 10:00 a.m. Eastern Time on Thursday, February 25 until 11:59 p.m. on Wednesday, March 2, 2016.
Definitions of Certain Financial Measures
Adjusted EBITDA is a non-GAAP measure defined as EBITDA excluding (1) non-cash compensation expense, (2) non-cash intangible asset impairment charges, (3) gain/loss on disposal of assets, (4) restructuring and severance expenses, (5) litigation settlements and contingencies and legal fees for certain patent litigation, (6) adjustments for significant acquisitions or dispositions, and (7) one-time items. EBITDA is a non-GAAP measure defined as operating income or loss (which excludes interest expense and taxes) excluding amortization of intangibles and depreciation.
Non-GAAP measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for or superior to GAAP results. For further information on
Variable marketing margin is defined as revenue minus the portion of selling and marketing expense attributable to variable costs paid for advertising, direct marketing and related expenses, which excludes overhead, fixed costs and personnel-related expenses, and is considered an operating metric.
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
The matters contained in the discussion above may be considered to be "forward-looking statements" within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995, as amended. Those statements include statements regarding the intent, belief or current expectations or anticipations of the Company and members of its management team. Factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the following: the results of reporting and auditing procedures to be performed; adverse conditions in the primary and secondary mortgage markets and in the economy, particularly interest rates; willingness of lenders to make unsecured personal loans and purchase leads for such products from the Company; seasonality
of results; potential liabilities to secondary market purchasers; changes in the Company's relationships with network lenders; breaches of network security or the misappropriation or misuse of personal consumer information; failure to provide competitive service; failure to maintain brand recognition; ability to attract and retain customers in a cost-effective manner; ability to develop new products and services and enhance existing ones; competition; allegations of failure to comply with existing or changing laws, rules or regulations, or to obtain and maintain required licenses; failure of network lenders or other affiliated parties to comply with regulatory requirements; failure to maintain the integrity of systems and infrastructure; liabilities as a result of privacy regulations; failure to adequately protect intellectual property rights or allegations of infringement of
intellectual property rights; and changes in management. These and additional factors to be considered are set forth under "Risk Factors" in the Company's Annual Report on Form 10-K for the period ended
About
Logo - http://photos.prnewswire.com/prnh/20110518/MM04455LOGO
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/lendingtree-expects-to-exceed-fy-2015-guidance-announces-date-of-fourth-quarter-2015-earnings-release-and-conference-call-300203320.html
SOURCE
News Provided by Acquire Media