Match Group Inc. - Ordinary Shares - New

NASDAQ:MTCH   3:59:59 PM EDT
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Other Pre-Announcement

Match Group Reports Q2 Loss Per Share Of $0.11

Published: 08/02/2022 21:43 GMT
Match Group Inc. - Ordinary Shares - New (MTCH) - Match Group Reports Second Quarter 2022 Results.
Qtrly Total Revenue Grew 12% Over the Prior Year Quarter to $795 Million.
Qtrly Operating Loss of $10 Million Driven by a $217 Million Impairment of Intangibles Relating to the Hyperconnect Acquisition.
Qtrly Tinder Direct Revenue Grew 13% Over the Prior Year Quarter.
Sees Q3 Total Revenue of $790 to $800 Million.
Expect Fx to Have an 8-point Impact on Year-over-year Revenue Growth in Q3.
For Tinder, Expect Year-over-year Direct Revenue Growth to Be in the Mid Single-digits.
Q3 Adjusted Operating Income Outlook is $255 to $260 Million.
Match Group - Expect Higher Overall App Store Fees, Reduced Y-o-y Sales, Among Other Things, As We Begin to See Effects of a Pullback in Hiring.
Match Group - in Q4, Expect Limited Improvement in Year-over-year Top-line Growth Rates Compared to Q3.
Match Group - Confident That Tinder and the Overall Company Top-line Growth Rates Will Accelerate As 2023 Progresses.
Match Group - Expect Margins to Improve Modestly As We Remain Disciplined on Marketing Spend and Hiring.
Qtrly Loss per Share $0.11.
Q2 Earnings per Share View $0.53, Revenue View $804.2 Million -- Refinitiv Ibes Data (analyst estimates).