secwatch.observer — SEC 8-K summary
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Issuer:     Match Group, Inc. (MTCH)
CIK:        0000891103
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000891103-24-000093
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Match Group Q2 revenue +4% to $864M; exits live streaming, guides Q3 $895-905M
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- Q2 revenue $864M (+4% YoY); operating income $205M (-5%); Adjusted OI $306M (+2%).
- Tinder Direct Revenue +1% to $480M; Hinge +48% to $134M. Payers -5% to 14.8M; RPP +9% to $19.05.
- Exiting live streaming services (Plenty of Fish, Hakuna), cutting ~6% workforce; ~$60M annual revenue loss but margin enhancing.
- Q3 guidance: revenue $895-905M, AOI $335-340M; full-year AOI margin 36% despite $9M Canada digital services tax.
- Repurchased $197M stock in Q2 ($395M YTD); cash $844M, net leverage 2.4x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/891103/000089110324000093/0000891103-24-000093-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/891103/000089110324000093/mtch-20240730.htm
  HTML page:      https://secwatch.observer/filing/0000891103-24-000093

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer