Add as a preferred source on GoogleLendingTree Revenue Climbs 12% as Goodwill Charge Drives Q3 Loss
The company recorded a $98.8 million noncash impairment and forecast fourth-quarter revenue of $315 million to $325 million.
LendingTree posted third-quarter revenue of $343.6 million, up 12% year over year, while a noncash goodwill impairment contributed to a $72.4 million GAAP net loss.
The quarter ended Sept. 30. Diluted loss per share was $5.15, and the goodwill impairment charge totaled $98.8 million. LendingTree operates an online marketplace that connects consumers with financial products, including loans, credit cards and insurance.
Insurance revenue rose 15% year over year to $234.9 million. Consumer revenue increased 2% to $67.2 million, while Home revenue grew 9% to $41.5 million.
CEO Scott Peyree called it the company’s 10th consecutive quarter of double-digit revenue growth, saying, “We are pleased to report our tenth straight quarter of double-digit revenue growth.”
LendingTree forecast fourth-quarter revenue of $315 million to $325 million and updated its 2026 revenue outlook to $1.30 billion to $1.31 billion. It also repaid $60 million of long-term debt during the quarter.
The company intends to repurchase shares in the fourth quarter. It described the planned repurchases as its first since the first quarter of 2022.
John Kim
John Kim reports on the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.