LendingTree Reports Q3 2026 Revenue Growth Amid Non-Cash Goodwill Impairment
LendingTree (TREE) reported third-quarter 2026 revenue of $343.6 million, a 12% increase year-over-year driven by growth across all business segments. Despite the top-line strength, the company recorded a net loss of $72.4 million ($5.15 per diluted share) due to a significant $98.8 million non-cash goodwill impairment charge. Adjusted EBITDA reached $39.6 million, marking a 1% decline year-over-year but showing sequential improvement from the previous quarter. The company's Insurance segment was a primary driver of growth, with revenue rising 15% to $234.9 million. While the Home segment faced headwinds from high long-term interest rates affecting mortgage activity, Home Equity products saw a 20% revenue increase. Management also highlighted successful debt reduction efforts, paying down $60 million in debt to lower total gross debt to $336 million.
Topics: Debt Repayment Goodwill Impairment Net Loss Revenue Growth Segment Performance
Read the full article at Motley Fool
Part of the story Sunrun Reports Q3 2026 Revenue Growth Amidst Lowered Cash Generation Guidance (25 articles)