LendingTree Q3 GAAP net loss $148.5M, adj EBITDA $21.8M; cuts FY rev guidance

LendingTree, Inc.

2023-Q3 EPS reported -$10.46 revenue$538,149,000

Revenue $155.2M (-35% YoY); GAAP net loss $148.5M ($11.43/sh) includes $145.9M impairment charges.
Adjusted EBITDA $21.8M (14% margin, +122% YoY); adjusted EPS $0.61 vs -$0.36 YoY.
Home segment rev $33.4M (-49% YoY); Consumer $67.3M (-34%); Insurance $54.5M (-22%) with segment profit +4%.
FY2023 guidance: revenue $670-680M (down from $680-700M); AEBITDA $74-80M (narrowed from $70-80M).
Headcount reduced >30% YoY; annualized opex below 2019 levels; cash balance $[omitted] maintained.

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 quarter ended September 30, 2023 results: revenue $155.2 million, net income $(148.5) million, EPS $(11.43) per diluted share.

Period: quarter ended September 30, 2023
Revenue: $155.2 million
Net income: $(148.5) million
EPS: $(11.43) per diluted share
Result: reported results

Exact text from the filing

--- EX-99.1 (EX-99.1) --- LENDINGTREE REPORTS THIRD QUARTER 2023 RESULTS AEBITDA Rebound Driven by Strong Segment Margins and Expense Discipline • Consolidated revenue of $155.2 million • GAAP net loss of $(148.5) million or $(11.43) per diluted share, inclusive of after-tax impairment charges of ($145.9) million • Variable marketing margin of $67.7 million •

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Source: SEC EDGAR

accession 0001434621-23-000019

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