Match Group (NASDAQ: MTCH) reported Q3 EPS of $0.44, $0.08 worse than the analyst estimate of $0.52. Revenue for the quarter came in at $809.5 million versus the consensus estimate of $795.5 million.

GUIDANCE:

Match Group sees Q4 2022 revenue of $780-790 million, versus the consensus of $810.4 million.

FY 2023

• In the current economic environment, visibility into 2023 performance is challenging. That said, we’re focused on delivering 5% to 10% revenue growth for the full year. We expect Y/Y revenue growth to accelerate gradually as the year progresses and a three-point full year FX headwind.
• We expect to provide an updated 2023 outlook on our Q4 call, but below we provide a preliminary outlook at a brand level based on our current expectations of economic conditions in 2023. We expect Tinder Direct Revenue to follow a similar growth pattern as the overall company with a full year growth rate of 5% to 10% and accelerating Y/Y growth on a quarterly basis as product execution gradually improves under the new team’s leadership. Tinder’s AOI margin is expected to remain best in class, though we do anticipate increased marketing spend in 2023 to support the new product initiatives.

For earnings history and earnings-related data on Match Group (MTCH) click here.