LendingTree, Inc. (NASDAQ:TREE) Q4 2022 Earnings Conference Call February 27, 2023 9:00 AM ET
Company Participants
Andrew Wessel - VP, IR
Douglas Lebda - Chairman and CEO
J.D. Moriarty - COO and President, Marketplace
Scott Peyree - President, Insurance
Trent Ziegler - CFO
Conference Call Participants
Youssef Squali - Truist Securities
Jed Kelly - Oppenheimer & Company
Christopher Kennedy - William Blair
Ryan Tomasello - KBW
John Campbell - Stephens Inc.
Robert Wildhack - Autonomous Research
Melissa Wedel - J.P. Morgan
Michael Grondahl - Northland Securities
James Friedman - Susquehanna International Group
Operator
Good day and thank you for standing by. Welcome to the LendingTree Fourth Quarter 2022 Earnings Conference Call. At this time all participants are in a listen-only mode. After the speaker’s presentation there will a question-and-answer session. [Operator Instructions]. I would now like to hand the conference over to your speaker today, Andrew Wessel, Vice President, Investor Relations. Andrew, please go ahead.
Andrew Wessel
Thank you Michelle, and good morning to everyone joining us on the call this morning to discuss LendingTree's fourth quarter 2022 financial results. On the call today are Doug Lebda, LendingTree's Chairman and CEO; J.D. Moriarty, President of Marketplace and COO; Trent Ziegler, CFO; and Scott Peyree, President of Insurance. As a reminder to everyone, we posted a detailed letter to shareholders on our Investor Relations website earlier today. And for the purposes of today's call, we will assume that listeners have read that letter and will focus on Q&A.
Before I hand the call over to Doug for his remarks, I remind everyone that during today's call, we may discuss LendingTree's expectations for future performance. Any forward-looking statements that we make are subject to risks and uncertainties and LendingTree's actual results could differ materially from the views expressed today. Many but not all of the risks we face are described in our periodic reports filed with the SEC. We will also discuss a variety of non-GAAP measures on the call today, and I refer you to today's press release and shareholder letter, both available on our website for the comparable GAAP definitions and full reconciliations of non-GAAP measures to GAAP. And with that, Doug, please go ahead.
Douglas Lebda
Thank you Andrew and thank you all for joining us today. We are excited to provide earning results this morning but first I wanted to call attention to our launch of the LendingTree Win Card, our first product introduction in the reimagining of the MyLendingTree offering that was announced this morning. Today the Win Card offered exclusively to MyLendingTree members who improved user engagement as the 2% cashback features only unlocked when card holders log into the LendingTree account. And the Win Card is among the first cards to be integrated with our TreeQual product we are expecting approval rates to be substantially higher which will also improve our unit economics and customer satisfaction. We had many new features and products like this planned for introduction as we move through 2023 and beyond. The focus of all of this work is to combine our market leading partner network with the best in class customer experience. We believe the innovative products such as the Win Card in addition to planned enhancements we are hard at work on will make MyLendingTree the leading destination for our customers to shop for all of their product needs.