secwatch.observer — SEC 8-K summary
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Issuer:     LendingTree, Inc. (TREE)
CIK:        0001434621
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001434621-23-000019
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1434621/000143462123000019/0001434621-23-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1434621/000143462123000019/tree-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001434621-23-000019

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