Match Group (MTCH) Misses Q4 EPS by 3c, Sales Beat
Match Group (NASDAQ: MTCH) reported Q4 EPS of $0.29, ex-tax, $0.03 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $378.91 million versus the consensus estimate of $361.98 million.
- Direct Revenue grew to $364 million, an increase of 29%, driven by 24% growth in Average Subscribers to 7.0 million and a 4% increase in ARPU.
- Tinder Average Subscribers exceeded 3 million for the first time, adding a record of 544,000 sequentially and nearly 1.5 million compared to Q4 2016.
“Match Group is reporting incredibly strong Q4 and 2017 full year results, as we introduced new products and features, particularly at Tinder, Match and OkCupid,” said Mandy Ginsberg, CEO. “Our products have redefined the way people meet and date. We now have more than 7 million Subscribers across our businesses and 3 million at Tinder alone. This is my first quarter as CEO, and while reporting results like these is a great way to kick off 2018, there are still plenty of untapped market opportunities, products and features that we’ll be rolling out. I feel great about this team’s ability to execute and drive continued growth.”
For earnings history and earnings-related data on Match Group (MTCH) click here.