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Match Group (MTCH)
NASDAQ:MTCH
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.56Last Year’s EPS
$0.81Same Quarter Last Year
Moderate Buy
Based on 21 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -13.65%
|Next Earnings Date:Feb 04, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a mixed sentiment. While Hinge and MG Asia showed strong performance and profitability improvements, Tinder faced significant challenges with declining revenue and MAU trends. Cost management and cash flow were positive aspects, but the ongoing issues with Tinder and the decline in evergreen brands present notable challenges.Company Guidance
During the Match Group's Q3 2024 earnings call, several key metrics and forward-looking guidance were discussed. Tinder's direct revenue reached $503 million, a 1% year-over-year decline, with a notable sequential addition of 311,000 payers, although MAU was down 9%. Hinge showcased strong performance with $145 million in revenue, up 36% year-over-year, driven by a 21% increase in payers. MG Asia's direct revenue was $72 million, a 6% decline year-over-year. Overall, Match Group's total revenue rose by 2% to $865 million, with AOI margins at 38%. For Q4 2024, the company anticipates total revenue ranging from $865 million to $875 million, with Tinder's direct revenue expected to decline by 2% to 3% year-over-year. Guidance for full year 2024 projects total revenue growth of approximately 4%, with AOI margins anticipated to be at least 36%. The company plans an Investor Day on December 11 to further discuss its strategies and financial outlook.Hinge's Exceptional Performance
Hinge delivered $145 million of direct revenue, up 36% year-over-year, driven by 21% payer growth and 12% RPP growth. It became the second most downloaded dating app in the U.S. and continues to innovate with AI-enabled features.
Improved Profitability in MG Asia
MG Asia AOI margins were 25% in the quarter, leading AOI to be up 9% year-over-year, with Azar entering the U.S. market and showing growth in European markets.
Cost Management and Cash Flow
Match Group's gross leverage was 3x trailing AOI, and net leverage was 2.3x AOI. The company repurchased 7.1 million shares and expects free cash flow for 2024 to be approximately $1 billion.
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MTCH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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MTCH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $37.88 | $31.11 | -17.87% |
| Jul 30, 2024 | $33.69 | $38.14 | +13.21% |
| May 07, 2024 | $31.51 | $29.82 | -5.36% |
| Jan 30, 2024 | $37.73 | $38.38 | +1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Match Group (MTCH) report earnings?
Match Group (MTCH) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Match Group (MTCH) earnings time?
Match Group (MTCH) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is MTCH EPS forecast?
MTCH EPS forecast for the fiscal quarter 2024 (Q4) is $0.56.
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