LendingTree, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 31, 2023 at 07:24 am EDT
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LendingTree, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 155.19 million compared to USD 237.84 million a year ago. Net loss was USD 148.47 million compared to USD 158.68 million a year ago. Basic loss per share from continuing operations was USD 11.43 compared to USD 12.44 a year ago. Diluted loss per share from continuing operations was USD 11.43 compared to USD 12.44 a year ago.
For the nine months, sales was USD 538.15 million compared to USD 782.94 million a year ago. Net loss was USD 135.12 million compared to USD 177.55 million a year ago. Basic loss per share from continuing operations was USD 10.46 compared to USD 13.88 a year ago. Diluted loss per share from continuing operations was USD 10.46 compared to USD 13.88 a year ago.
LendingTree, Inc. operates LendingTree.com, an online financial services marketplace. The Company provides customers with access to offers on loans, credit cards, insurance and more through its network of approximately 500 financial partners. Its segments include Home, Consumer, and Insurance. The Home segment includes products, such as purchase mortgage, refinance mortgage, and home equity loans and lines of credit. Its Consumer segment includes products, such as credit cards, personal loans, small business loans, student loans, auto loans, deposit accounts, and other credit products such as debt settlement. The Insurance segment consists of insurance quote products and insurance policies in its agency businesses. It helps customers obtain financing, save money, and improve their financial and credit health in their personal journeys. With a portfolio of products and tools and personalized financial recommendations, the Company helps customers achieve everyday financial wins.
LENDINGTREE, INC. 
