Match Group Reports Q2 Loss Per Share Of $0.11

Aug 2 (Reuters) - Match Group Inc (MTCH.O) :

• MATCH GROUP REPORTS SECOND QUARTER 2022 RESULTS

• QTRLY TOTAL REVENUE GREW 12% OVER THE PRIOR YEAR QUARTER TO $795 MILLION

• QTRLY OPERATING LOSS OF $10 MILLION DRIVEN BY A $217 MILLION IMPAIRMENT OF INTANGIBLES RELATING TO THE HYPERCONNECT ACQUISITION

• QTRLY TINDER DIRECT REVENUE GREW 13% OVER THE PRIOR YEAR QUARTER

• SEES Q3 TOTAL REVENUE OF $790 TO $800 MILLION

• EXPECT FX TO HAVE AN 8-POINT IMPACT ON YEAR-OVER-YEAR REVENUE GROWTH IN Q3

• FOR TINDER, EXPECT YEAR-OVER-YEAR DIRECT REVENUE GROWTH TO BE IN THE MID SINGLE-DIGITS

• Q3 ADJUSTED OPERATING INCOME OUTLOOK IS $255 TO $260 MILLION

• MATCH GROUP - EXPECT HIGHER OVERALL APP STORE FEES, REDUCED Y-O-Y SALES, AMONG OTHER THINGS, AS WE BEGIN TO SEE EFFECTS OF A PULLBACK IN HIRING

• MATCH GROUP - IN Q4, EXPECT LIMITED IMPROVEMENT IN YEAR-OVER-YEAR TOP-LINE GROWTH RATES COMPARED TO Q3

• MATCH GROUP - CONFIDENT THAT TINDER AND THE OVERALL COMPANY TOP-LINE GROWTH RATES WILL ACCELERATE AS 2023 PROGRESSES

• MATCH GROUP - EXPECT MARGINS TO IMPROVE MODESTLY AS WE REMAIN DISCIPLINED ON MARKETING SPEND AND HIRING

• QTRLY LOSS PER SHARE $0.11

• Q2 EARNINGS PER SHARE VIEW $0.53, REVENUE VIEW $804.2 MILLION – REFINITIV IBES DATA