secwatch.observer — SEC 8-K summary
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Issuer:     LendingTree, Inc. (TREE)
CIK:        0001434621
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0000950103-22-019112
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434621/000095010322019112/0000950103-22-019112-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434621/000095010322019112/dp183806_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-22-019112

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer