What drove TREE's earnings growth in 2024?

LendingTree's (TREE) earnings growth in 2024 was primarily driven by robust performance in the Insurance segment and strategic adjustments in business focus: 1. **Insurance Segment Growth**: The Insurance segment experienced a significant year-over-year revenue increase of 11% to $85.9 million. This growth reflects strong demand and budget increases from insurance carrier partners. The second quarter of 2024 saw a more substantial surge, with a reported revenue of $210.1 million, marking a 15% increase compared to the same period last year. This was further highlighted by a 210% year-over-year increase in the Insurance segment, contributing to the overall revenue surge. 2. **Strategic Cost Reductions**: LendingTree's strategic cost reductions likely contributed to improved profitability. For instance, in the second quarter, the company reported earnings per share (EPS) of $0.54, which was above the analyst estimate of $0.46. This indicates efficient cost management despite revenue exceeding expectations. 3. **Adjusted EBITDA Growth**: The third quarter of 2024 saw a 23% increase in adjusted EBITDA, reaching $27.27 million. This growth in earnings before interest, taxes, depreciation, and amortization suggests improved operational efficiency and profitability. 4. **Market Challenges and Outlook**: Despite market challenges, LendingTree's future outlook remains positive, with an updated full-year 2024 revenue projection of $870 - $880 million, up from the prior range of $830 - $870 million. This optimistic outlook reflects confidence in continued growth and revenue expansion. In summary, LendingTree's 2024 earnings growth was driven by strong performance in the Insurance segment, strategic cost management, and positive market outlook, contributing to overall revenue surge and improved profitability.