LendingTree Q3 revenue falls 20% YoY to $237.8M; GAAP net loss $158.7M after valuation allowance

LendingTree, Inc.

2022-Q3 EPS reported -$13.88 revenue$782,937,000

GAAP net loss of $(158.7)M or $(12.44)/share includes $139.7M noncash valuation allowance on deferred tax assets.
Adjusted EBITDA down 76% to $9.8M; adjusted net loss $(0.36)/share vs. +$0.75 YoY.
Home segment revenue fell 42% YoY; Consumer up 3%; Insurance down 17%.
Company cut ~200 roles (~20% headcount reduction from peak), targeting $25M annual cost savings fully realized in 2023.
Q4 2022 guidance: revenue $202-$217M; adjusted EBITDA $9-$14M; full-year narrowed.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

LendingTree, Inc. reported the quarter ended September 30, 2022 results: revenue $237.8 million, net income $(158.7) million, EPS $(12.44) per diluted share.

Period: the quarter ended September 30, 2022
Revenue: $237.8 million
Net income: $(158.7) million
EPS: $(12.44) per diluted share
Result: reported results

Exact text from the filing

Exhibit 99.1 LENDINGTREE REPORTS THIRD QUARTER 2022 RESULTS Continued Growth in Consumer Segment Offset by Macro Headwinds Across Home and Insurance • Consolidated revenue of $237.8 million • GAAP net loss from continuing operations of $(158.7) million or $(12.44) per diluted share, inclusive of a $139.7 million noncash loss from a full valuation allowance of

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Source: SEC EDGAR

accession 0000950103-22-019112

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