Match Group Inc. - Ordinary Shares - New

+0.78 (+2.07%)
7:53:28 PM EDT: $38.90 +0.51 (+1.33%)
Layoffs, Other Pre-Announcement

Match Group Reports ‍​Quarterly Earnings Per Share Of $0.30

Published: 01/31/2023 21:45 GMT
Match Group Inc. - Ordinary Shares - New (MTCH) - Match Group Inc - ‍​qtrly Earnings per Share $0.30.
Match - ‍​expect Tinder’s Marketing Spend to Increase by About 2 Points, But Remain Under 10%, As Percentage of Direct Revenue in 2023.
Match Group Inc - ‍​expect to Incur $3 to $5 Million in Severance and Similar Costs in Q1.
Match Group Inc - ‍​expect at Least First Half of 2023 to Remain Challenging.
Match Group Inc - ‍​as We Start 2023, Macroeconomic Pressures We Are Seeing in Business Thus Far Are in Line With Expectations.
Match Group Inc - ‍​for 2023, Reaffirm Focus on Delivering 5% to 10% Yoy Growth, in Match Group Total Revenue and Tinder Direct Revenue.
Match Group Inc - ‍​expect Q1 Adjusted Operating Income to Be $250 to $255 Million.
Match - ‍​have Undertaken a Company-wide Cost Review to Reduce Marketing Spend, Headcount, Overhead Expenses.
Match Group Inc - ‍​expect to Incur About $6 Million of Severance and Similar Costs in 2023 Related to Our Cost Savings Initiatives.
Q1 Revenue View $817.3 Million -- Refinitiv Ibes Data (analyst estimates).
Q4 Earnings per Share View $0.46 -- Refinitiv Ibes Data (analyst estimates).
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