Match Group (MTCH) Tops Q2 EPS by 8c

Match Group (NASDAQ: MTCH) reported Q2 EPS of $0.51, $0.08 better than the analyst estimate of $0.43. Revenue for the quarter came in at $555.45 million versus the consensus estimate of $537.06 million.

Q2 2020 HIGHLIGHTS

• •Total revenue grew 12% over the prior year quarter to $555 million.
• •Operating income was $196 million, an increase of 14% over the prior year quarter, and Adjusted EBITDA was $228 million, an increase of 13% over the prior year quarter. Both exclude $8 million of separation costs incurred by Match Group prior to the closing of the transaction.
• •Net earnings from continuing operations attributable to shareholders increased 10% over the prior year quarter to $103 million.
• •Average Subscribers increased 11% to 10.1 million, up from 9.1 million in the prior year quarter. ARPU was $0.58, or $0.60 excluding foreign exchange effects.
• •Tinder Direct Revenue grew 15% year-over-year, driven by 18% Average Subscriber growth to 6.2 million, partially offset by a 2% decline in ARPU.
• •Non-Tinder brands collectively grew Direct Revenue 9% year-over-year, driven by growth in ARPU of 5%, Average Subscribers of 1%, and non-subscriber one-to-many video revenue.
  

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

You May Also Be Interested In

• Baird on Nurix (NRIX) Earnings Amid 7% Drop: '2Q Print Solid as Breadth of Development Expands'
• L&T Financial Holdings (LTFH:IN) PT Raised to INR380 at Axis Capital Limited
• JPMorgan Upgrades Largan Precision Co Ltd. (3008:TT) to Overweight