LendingTree Inc. experiences growth in fourth-quarter 2021 earnings
On February 25, 2022, LendingTree Inc., in its fourth-quarter earnings for 2021, revealed a 16.0% year-on-year (YOY) increase of $258.3 million. In the company's home segment, it made $96.3 million, which is an 8.0% increase from last year, while in the company's consumer segment, it made $96.4 million, which is a 102.0% increase from 2020. The uptick in growth in these sectors reflects the economic circumstances of the year with the economy opening up, allowing consumers to spend regularly again, which includes investments in mortgages and in making loan and credit card payments.
Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.