LendingTree, Inc. filed an 8-K earnings release on November 3, 2026, reporting third-quarter 2026 financial results for the period ended September 30, 2026, including consolidated revenue of $343.6 million and a GAAP net loss driven by a non-cash goodwill impairment charge.

Key Highlights

  • Revenue of $343.6 million rose 12% year-over-year from $307.8 million in the third quarter of 2025.
  • GAAP net loss of $(72.4) million, or $(5.15) per diluted share, compared to net income of $10.2 million in the year-ago quarter, due to a $98.8 million non-cash goodwill impairment charge.
  • Insurance segment revenue of $234.9 million increased 15% over third quarter 2025, with segment profit of $54.2 million, up 14%.
  • Home Equity revenue of $34.0 million increased 20% over the prior year period.
  • Adjusted EBITDA of $39.6 million compared to $39.8 million in the third quarter of 2025, a decline of 1%.
  • $60 million of long-term debt was voluntarily repaid during the quarter, according to the filing.
  • Full-year 2026 outlook calls for revenue of $1.30 to $1.31 billion and Adjusted EBITDA of $151 to $153 million.

LendingTree's Q3 2026 Segment Performance and Goodwill Impairment

According to the filing, LendingTree (NASDAQ:TREE) operates an online financial services marketplace at LendingTree.com and reports results across three primary segments: Insurance, Consumer, and Home. The Insurance segment, which consists of insurance quote products, was the largest contributor in the quarter, generating revenue of $234.9 million and segment profit of $54.2 million. The Consumer segment, which includes credit cards, personal loans, small business loans, auto loans, deposit accounts, and debt settlement, produced revenue of $67.2 million, up 2% year-over-year, while segment profit declined 16% to $29.6 million. The Home segment, covering purchase mortgage, refinance mortgage, and home equity loans, reported revenue of $41.5 million, up 9%, with Home Equity revenue specifically rising 20% to $34.0 million.

The filing reports that total costs and expenses were $413.9 million for the quarter, including a goodwill impairment charge of $98.8 million that was not present in the year-ago period. This charge was the primary driver of the GAAP operating loss of $(70.3) million versus operating income of $28.8 million in the third quarter of 2025. Variable marketing margin, a non-GAAP measure, was $94.9 million, representing 28% of revenue, compared to $93.2 million and 30% of revenue in the prior-year quarter.

The filing also notes that CEO Scott Peyree referenced the deployment of AI features during the quarter, including voice AI services and AI overviews on offer pages, describing these as intended to improve consumer satisfaction and monetization of traffic. CFO Jason Bengel stated in the release that the company "intend[s] to repurchase shares during the fourth quarter for the first time since 1Q22," and cited voluntary repayment of $60 million of long-term debt during the quarter. For the fourth quarter of 2026, the company disclosed an outlook for revenue of $315 to $325 million and Adjusted EBITDA of $34 to $36 million.

What Was Disclosed

LendingTree disclosed third-quarter 2026 results including revenue of $343.6 million, a GAAP net loss of $(72.4) million, a non-cash goodwill impairment of $98.8 million, Adjusted EBITDA of $39.6 million, and updated full-year and fourth-quarter 2026 financial outlooks.