Reuters
2022.08.03 05:36

Match Group Reports Q2 Loss Per Share Of $0.11

Aug 2 (Reuters) - Match Group Inc:

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

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