NASDAQ$MTCH
Match Group, Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Match Group delivered strong quarterly revenue and record profitability, driven by growth in Tinder and Hinge, and improved performance in MG Asia and Evergreen & Emerging.
Match Group's Q3 2023 results showed a 9% year-over-year increase in total revenue to $882 million, with operating income up 16% to $244 million. Tinder's direct revenue grew by 11%, while Hinge saw a 44% increase. The company's Adjusted Operating Income was $333 million, a 17% increase, and free cash flow for the year-to-date reached $571 million.
- Total Revenue grew 9% year-over-year to $882 million.
- Operating income increased by 16% year-over-year to $244 million, representing a 28% operating margin.
- Tinder Direct Revenue was up 11%, and Hinge Direct Revenue increased by 44% year-over-year.
- Adjusted Operating Income grew 17% year-over-year to $333 million, with a 38% margin.
Headline financials
Revenue & EPS history
Match Group · Revenue · Quarterly
$882M
Revenue by segment
Match Group · $635M total across 1 segment · Q4 2020
- Direct Revenue$635M—100.0%
Forward guidance
For Q4 2023, Match Group expects Total Revenue between $855 million and $865 million and AOI between $305 million and $310 million.
Tailwinds
- Tinder's continued marketing and product initiatives are expected to drive results in 2024 and beyond.
- Hinge is expected to continue its focus on expansion in Europe and deliver similar year-over-year Direct Revenue growth rates in 2024 as in 2023.
- Match Group aims to maintain AOI margins in 2024 at least at the same level expected in 2023.
- Capital will be allocated towards key growth brands like Tinder and Hinge.
- Investments in innovation, including AI technologies, will continue to address user pain points and increase adoption.
Headwinds
- Q4 revenue outlook includes $27 million more in FX headwinds than previously anticipated.
- There is a risk of approximately $7 million of quarterly revenue from brands in Israel due to ongoing events.
- The outlook reflects some risk of business deterioration due to weakening macro conditions globally.
- Tinder's sequential Payer count will be negatively impacted by more than 200,000 Payers due to U.S. and international weekly subscribers falling out of the Payer count.
- The company faces potential headwinds from IAP and compliance activities, including the implementation of the EU’s Digital Services Act.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2023
+0.4%
Avg return
Earnings day
+0.3%
Avg return
5 days after
+0.7%
Avg return
30 days after
54%
37 / 68 earnings
Positive
+28.5%
Q2 2019
Best reaction
-16.5%
Q3 2018
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.1% | -3.2% | -10.0% | |
| Q4 2025 | +5.9% | +12.8% | +5.4% | |
| Q3 2025 | +5.2% | +5.6% | +9.4% | |
| Q1 2025 | -9.7% | -5.2% | +4.8% | |
| Q4 2024 | -7.9% | -7.8% | -10.6% | |
| Q3 2024 | -15.8% | -13.5% | -10.9% | |
| Q2 2024 | +14.9% | +10.5% | +12.0% | |
| Q1 2024 | -7.5% | -4.8% | +1.4% | |
| Q4 2023 | +0.0% | -2.5% | -6.1% | |
| Q3 2023 | -14.0% | -13.5% | -4.9% | |
| Q2 2023 | -1.6% | -5.8% | +0.8% | |
| Q1 2023 | -6.7% | -7.6% | +5.7% | |
| Q4 2022 | -1.9% | -7.5% | -20.4% | |
| Q3 2022 | +5.9% | -0.4% | +15.6% | |
| Q2 2022 | -14.0% | -7.8% | -24.6% | |
| Q1 2022 | +4.0% | -8.2% | +4.3% | |
| Q4 2021 | +4.7% | +2.9% | -8.6% | |
| Q3 2021 | -0.7% | +4.3% | -16.7% | |
| Q2 2021 | -6.7% | -9.6% | -8.8% | |
| Q1 2021 | -3.2% | -1.5% | -7.8% | |
| Q4 2020 | -5.4% | +9.5% | -1.6% | |
| Q3 2020 | +11.0% | +12.8% | +19.5% | |
| Q2 2020 | +9.3% | +5.0% | +0.1% | |
| Q1 2020 | +3.2% | -0.2% | +12.5% | |
| Q4 2019 | -4.1% | -8.6% | -20.9% | |
| Q3 2019 | -5.9% | -3.0% | -4.3% | |
| Q2 2019 | +28.5% | +19.9% | +14.5% | |
| Q1 2019 | +8.5% | +7.5% | +13.1% | |
| Q4 2018 | +0.1% | +3.7% | -4.8% | |
| Q3 2018 | -16.5% | -16.6% | -19.6% | |
| Q2 2018 | +18.7% | +32.3% | +31.3% | |
| Q1 2018 | +4.1% | +14.4% | +15.5% | |
| Q4 2017 | +6.5% | +5.6% | +31.1% | |
| Q3 2017 | +6.6% | +2.6% | +7.6% | |
| Q2 2017 | +4.2% | +3.1% | +19.2% | |
| Q1 2017 | -3.6% | +0.7% | +1.1% | |
| Q4 2016 | -5.4% | +0.2% | -8.0% | |
| Q3 2016 | -13.1% | -14.2% | -6.1% | |
| Q2 2016 | -2.2% | -1.7% | -2.2% | |
| Q1 2016 | +13.5% | — | — | |
| Q4 2015 | -1.9% | — | — | |
| Q2 2015 | +7.4% | — | — | |
| Q3 2015 | -0.6% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q2 2014 | +1.9% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q1 2014 | +0.5% | — | — | |
| Q4 2013 | +2.5% | — | — | |
| Q3 2013 | +3.4% | — | — | |
| Q2 2013 | +1.1% | — | — | |
| Q1 2013 | -0.9% | — | — | |
| Q4 2012 | +0.5% | — | — | |
| Q3 2012 | -0.3% | — | — | |
| Q2 2012 | +1.2% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2011 | +3.2% | — | — | |
| Q3 2011 | -3.6% | — | — | |
| Q2 2011 | -6.1% | — | — | |
| Q1 2010 | -0.1% | — | — | |
| Q1 2011 | -0.1% | — | — | |
| Q4 2008 | +0.3% | — | — | |
| Q4 2010 | +0.3% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q3 2009 | +0.1% | — | — | |
| Q4 2009 | +0.8% | — | — | |
| Q2 2010 | +0.8% | — | — | |
| Q2 2009 | +0.8% | — | — |
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