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# LendingTree Posts $72.4 Million Loss On $98.8 Million Goodwill Charge Despite 12% Revenue Growth
- URL: https://www.bullished.co/lendingtree-posts-72-4-million-loss-on-98-8-million-goodwill-charge-despite-12-revenue-e8a19b52/
- Published: 2026-11-03T21:42:21.000Z
- Updated: 2026-11-03T21:42:21.000Z
- Description: Insurance revenue rose 15% and the company repaid $60 million of debt, while a non-cash writedown drove the third-quarter loss.
- Author: Matteo Parrino
- Tags: Earnings, TREE, Industry: Financials

[LendingTree](https://www.bullished.co/tag/tree/)'s third-quarter revenue rose 12% to [$343.6 million](https://www.sec.gov/Archives/edgar/data/0001434621/000162828026069534/tree-93026xer.htm?ref=bullished.co), but a $98.8 million non-cash goodwill impairment turned the quarter into a net loss of $72.4 million, or $5.15 per diluted share, the company said Tuesday in an [8-K filing](https://www.sec.gov/Archives/edgar/data/0001434621/000162828026069534/tree-20261103.htm?ref=bullished.co). A year earlier it earned $10.2 million.

## Insurance carries the quarter

LendingTree runs an online marketplace where consumers compare loans, credit cards and insurance quotes; it is paid fees by a network of approximately 770 partners. All three segments grew, and CEO Scott Peyree called it the tenth straight quarter of double-digit revenue growth.

Insurance revenue rose 15% to $234.9 million, and segment profit climbed 14% to $54.2 million. Home revenue rose 9% to $41.5 million with profit up 5% to $12.4 million; Home Equity revenue rose 20% to $34.0 million.

Consumer was the soft spot. Revenue edged up 2% to $67.2 million, while segment profit fell 16% to $29.6 million.

Adjusted EBITDA, the company's adjusted earnings measure, was $39.6 million against $39.8 million a year earlier. Variable marketing margin, revenue minus advertising and similar variable costs, rose 2% to $94.9 million.

## Debt paydown and a first buyback since 2022

CFO Jason Bengel said the company used excess cash to voluntarily repay $60 million of long-term debt during the quarter. He said LendingTree intends to repurchase shares in the fourth quarter "for the first time since 1Q22."

Interest expense fell to $9.1 million from $17.9 million a year earlier. Goodwill on the balance sheet stood at $282.7 million at September 30, down from $381.5 million at the end of 2025.

Peyree said the company rolled out voice AI services, AI overviews on offer pages and controlled distribution, which lets a consumer shop in stages so multiple lenders or carriers do not all call at once.

## Updated outlook

LendingTree now expects full-year 2026 revenue of $1.30 billion to $1.31 billion and adjusted EBITDA of $151 million to $153 million. Bengel said that puts revenue and adjusted EBITDA growth for the year at 17% and 14%, respectively, at the midpoint.

For the fourth quarter, the company guides to revenue of $315 million to $325 million and adjusted EBITDA of $34 million to $36 million.

Management scheduled a conference call for 4:30 p.m. Eastern on Tuesday to discuss the results.

Learn

- [Item 2.02: results of operations →](https://www.bullished.co/learn/8-k-items-explained/#item-202-results-of-operations)  
From 8-K Items Explained: What Every Item Code From 1.01 To 9.01 Tells You, With Examples

### Sources

- [8-K Filing — LendingTree, Inc. (TREE)](https://www.sec.gov/Archives/edgar/data/0001434621/000162828026069534/tree-20261103.htm?ref=bullished.co) — SEC EDGAR
- [Exhibit tree-93026xer.htm — LendingTree, Inc. 8-K exhibit](https://www.sec.gov/Archives/edgar/data/0001434621/000162828026069534/tree-93026xer.htm?ref=bullished.co) — SEC EDGAR

### More on LendingTree

- [LendingTree General Counsel Heather Novitsky To Leave Role December 31](https://www.bullished.co/lendingtree-general-counsel-heather-novitsky-to-leave-role-december-31-d7de768d/)

[All LendingTree (TREE) coverage →](https://www.bullished.co/tag/tree/)