Match Group (MTCH) Reports In-Line Q2 EPS; offers guidance

Match Group (NASDAQ: MTCH) reported Q2 EPS of $0.48, in-line with the analyst estimate of $0.48. Revenue for the quarter came in at $864.07 million versus the consensus estimate of $856.5 million.

GUIDANCE:

Match Group sees Q3 2024 revenue of $895-905 million, versus the consensus of $914.8 million.

Full Year 2024
After accounting for the exit of our live streaming services and based on our latest FX
expectations (which have worsened by about one point since our last earnings call), we
expect Match Group to deliver Y/Y Total Revenue growth of approximately 5% (up ~7.5% Y/Y
FXN) and Tinder to deliver roughly 3% Y/Y Direct Revenue growth (up ~5.5% Y/Y FXN) for the
full year ’24.
We expect to achieve our full year AOI margin target of 36% despite incurring approximately
$6 million of severance and other charges related to our exit of live streaming and $9 million
of full year cost related to the impact of the retroactive Canada Digital Services Tax, none of
which was included in our initial outlook for 2024.

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

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