---
schema_version: "secwatch.filing_event.v1"
accession: "0001434621-23-000005"
form_type: "8-K"
ticker: "TREE"
cik: "0001434621"
company_name: "LendingTree, Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:15:43.680466+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# LendingTree Q1 revenue $200.5M (-29% YoY), cuts FY guidance to $760-800M

## Summary
- GAAP net income $13.5M ($1.04 diluted), includes $30.9M gain on debt repurchase; adjusted EPS $0.25.
- Revenue down 29% YoY; Home segment revenue $43.7M (-57%), Insurance down 4% to $77.1M.
- Reduced workforce by 13% and winding down Ovation Credit Services; closed Medicare agency.
- Retired $191M principal of 2025 convertible notes for $156M cash; ended quarter with $150M cash.
- FY 2023 revenue guidance cut to $760-800M (from $935-985M); Q2 revenue guided $190-200M.

## SEC filing metadata
- accession: 0001434621-23-000005
- form_type: 8-K
- ticker: TREE
- cik: 0001434621
- company_name: LendingTree, Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1434621/000143462123000005/0001434621-23-000005-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1434621/000143462123000005/tree-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001434621-23-000005
- JSON: https://secwatch.observer/filing/0001434621-23-000005.json
- Plain text: https://secwatch.observer/filing/0001434621-23-000005.txt

## Key facts
- Earnings Releases
  LendingTree, Inc. reported the quarter ended March 31, 2023 results: revenue $200.5 million, net income $13.5 million, EPS $1.04 per diluted share. Guidance lowered.
  - Period: the quarter ended March 31, 2023
  - Revenue: $200.5 million
  - Net income: $13.5 million
  - EPS: $1.04 per diluted share
  - Guidance: lowered
  - Result: reported results
  source text: --- EX-99.1 (EX-99.1) --- LENDINGTREE REPORTS FIRST QUARTER 2023 RESULTS Strategic Expense Reductions Help Offset Continued Economic Headwinds • Consolidated revenue of $200.5 million • GAAP net income of $13.5 million or $1.04 per diluted share, inclusive of a gain of $30.9 million from the partial repurchase of our 2025 convertible notes at a discount •
  evidence_url: https://www.sec.gov/Archives/edgar/data/1434621/000143462123000005/0001434621-23-000005-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.