Match Group Q1 revenue +20% to $799M; CEO transition to Bernard Kim; authorizes 12.5M share buyback

Match Group, Inc.

2022-Q1 EPS reported $0.60 revenue$798,631,000

Q1 revenue $799M (+20% YoY); diluted EPS $0.60 vs $0.57; adjusted operating income $273M (+19%).
Payers grew 13% to 16.3M; Tinder direct revenue +18%; All Other brands +22%.
CEO Shar Dubey steps down; Bernard Kim (Zynga President) named CEO effective May 31, 2022.
Board authorized repurchase of up to 12.5M shares.
Q2 revenue guidance $800-810M; full-year growth expected near bottom of 15-20% range due to FX and Ukraine.

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