earnings
confidence high
sentiment neutral
materiality 0.75
Match Group Q1 rev up 9% to $860M; Tinder growth slows; cuts FY rev guidance to low end of 6-9%
Match Group, Inc.
2024-Q1 EPS reported
$0.44
revenue$859,647,000
- Q1 revenue $860M (+9% YoY); AOI $279M (+6%, margin 33%); diluted EPS $0.44 vs $0.42.
- Tinder Direct Revenue $481M (+9% YoY, or +12% FXN); Payers down 9% to ~10M; ALC rev fell 13%.
- Hinge Direct Revenue $124M (+50% YoY); Payers up 31% to 1.4M; on track to ~$1B revenue business.
- Q2 guidance: rev $850-860M (+2-4% YoY); AOI $300-305M; Tinder flat to +1% rev growth YoY.
- Full year rev growth guided to low end of 6-9% range (prev. 6-9%); FCF ~$1.1B; repurchased $198M stock.