Match Group Q1 revenue $787M (-1% YoY); issues cautious FY23 guidance; authorizes $1B buyback

Match Group, Inc.

2023-Q1 EPS reported $0.42 revenue$787,124,000

Q1 revenue $787M, down 1% YoY (FXN +3% to $822M). Adjusted operating income $263M, down 4%; margin 33%.
Tinder direct revenue flat at $441M; Hinge grew 27% YoY to $83M, exceeding 1M payers.
Total payers fell 3% to 15.9M; RPP rose 2% to $16.26.
Q2 guidance: revenue $805-815M, AOI $275-280M. FY23 growth expected near low end of prior 5-10% range.
Board approved new $1B share repurchase program; plans to return at least half of FCF to shareholders.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Match Group, Inc. reported First Quarter 2023 results: revenue $787 million.

Period: First Quarter 2023
Revenue: $787 million
Result: reported results

Exact text from the filing

First Quarter 2023 Financial Highlights • Total Revenue declined 1% over the prior year quarter to $787 million.

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49 earnings releases filed in the last 30 days. Browse all earnings releases →

Match Group, Inc. filing history →

Source: SEC EDGAR

accession 0000891103-23-000044

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