Match Group Q2 revenue $795M (+12% YoY); Tinder growth slows; CEO departs; $217M impairment

Match Group, Inc.

2022-Q2 EPS reported $0.50 revenue$1,593,144,000

Revenue $795M (+12% YoY); operating loss $10M from $217M Hyperconnect impairment.
Tinder Direct Revenue +13% YoY, but Q3 growth seen mid-single-digit; Tinder CEO Renate Nyborg departing.
Adjusted Operating Income $286M (+9% YoY); Q3 outlook revenue $790-800M, AOI $255-260M.
Total payers up 10% to 16.4M; RPP up 3% to $15.86; Hinge, BLK, Chispa strong; established brands weak.
Repurchased ~3M shares since May; closed The League acquisition; Hinge on track for ~$300M revenue in 2022.

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