LendingTree Inc
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 29, 2024
TREE$35.35-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations and Comprehensive
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| (in thousands, except per share amounts) | |||
| Revenue | $672,502 | $984,992 | $1,098,499 |
| Costs and expenses: | |||
| Cost of revenue (exclusive of depreciation and amortization shown separately below) | 38,758 | 57,769 | 57,297 |
| Selling and marketing expense | 433,588 | 702,238 | 773,990 |
| General and administrative expense | 117,700 | 152,383 | 153,472 |
| Product development | 47,197 | 55,553 | 52,865 |
| Depreciation | 19,070 | 20,095 | 17,910 |
| Amortization of intangibles | 7,694 | 25,306 | 42,738 |
| Goodwill impairment | 38,600 | — | — |
| Change in fair value of contingent consideration | — | — | (8,249) |
| Restructuring and severance | 10,118 | 4,428 | 53 |
| Litigation settlements and contingencies | 388 | (18) | 392 |
| Total costs and expenses | 713,113 | 1,017,754 | 1,090,468 |
| Operating (loss) income | (40,611) | (32,762) | 8,031 |
| Other (expense) income, net: | |||
| Interest income (expense), net | 21,685 | (26,014) | (46,867) |
| Other (expense) income | (105,993) | 3,843 | 123,272 |
| (Loss) income before income taxes | (124,919) | (54,933) | 84,436 |
| Income tax benefit (expense) | 2,515 | (133,019) | (11,298) |
| Net (loss) income from continuing operations | (122,404) | (187,952) | 73,138 |
| Loss from discontinued operations, net of tax | — | — | (4,023) |
| Net (loss) income and comprehensive (loss) income | $(122,404) | $(187,952) | $69,115 |
| Weighted average shares outstanding: | |||
| Basic | 12,941 | 12,793 | 13,199 |
| Diluted | 12,941 | 12,793 | 13,695 |
| (Loss) income per share from continuing operations: | |||
| Basic | $(9.46) | $(14.69) | $5.54 |
| Diluted | $(9.46) | $(14.69) | $5.34 |
| Loss per share from discontinued operations: | |||
| Basic | $— | $— | $(0.30) |
| Diluted | $— | $— | $(0.29) |
| Net (loss) income per share: | |||
| Basic | $(9.46) | $(14.69) | $5.24 |
| Diluted | $(9.46) | $(14.69) | $5.05 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.