NASDAQ$MTCH

Match Group, Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Match Group's Q4 2024 earnings declined slightly due to a decrease in payers, but were partially offset by an increase in revenue per payer. The company focused on executing its Investor Day plan, emphasizing product innovations and AI to enhance user experiences. Financial management remained disciplined, and capital was returned to shareholders through share repurchases.

Match Group's Q4 2024 revenue reached $860 million, a 1% year-over-year decrease, while operating income was $223 million, down 14% year-over-year. The company focused on product innovation and disciplined financial management, repurchasing $117 million in stock during the quarter.

  • Total revenue decreased by 1% year-over-year to $860 million, but increased by 1% on a foreign exchange neutral basis.
  • Operating income declined by 14% year-over-year to $223 million, representing a 26% operating income margin.
  • The company repurchased $117 million of stock, representing 3.1 million shares.
  • Tinder plans to test AI-curated recommendations and double-dating features to improve user engagement.

Headline financials

Total Revenue

$860M

Previous: $866M-0.7%
EPS (adj)

$0.59

Previous: $0.81-27.2%
Payers

14.6M

Previous: 15.2M-3.8%
RPP

$19.29

Previous: $18.67+3.3%
Adjusted EBITDA

$324M

No prior period
Adjusted EBITDA Margin

38.0%

No prior period
Net Income Margin

18.0%

No prior period
Capital Expenditures

-$7.57M

Previous: -$17.4M+56.5%
Net Income

$158M

Previous: $230M-31.1%
Operating Income

$223M

Previous: $260M-14.2%
Gross Profit

$624M

Previous: $625M-0.2%
R&D Expense

$109M

Previous: $97.6M+11.9%

Revenue & EPS history

Match Group · Revenue · Quarterly

$860M

Q4 2024-0.7%vs Q4 2023
Beat estimate in 9 of 15 quarters(60%)
ActualEstimate

Revenue by segment

Match Group · $635M total across 1 segment · Q4 2020

  • Direct Revenue
    $635M

Forward guidance

For Q1 2025, Match Group anticipates total revenue between $820 to $830 million, a decrease of 3% to 5% year-over-year. Adjusted Operating Income is expected to be $260 to $265 million, a decrease of 5% to 7% year-over-year.

Tailwinds

  • On an FXN basis and excluding Hakuna and other of our live streaming services, Total Revenue to be flat to up 1% Y/Y.
  • Adjusted Operating Income Margin of 32% at the mid-point of the ranges.
  • Total Revenue of $3,375 to $3,500 million for full year 2025
  • Reduction of diluted shares outstanding by 5% to 7% over the course of 2025.
  • Use of at least 75% of FCF for share repurchases and to target returning at least 100% of FCF to shareholders through dividends and share repurchases.

Headwinds

  • Total Revenue of $820 to $830 million, down 3% to 5% Y/Y.
  • Adjusted Operating Income of $260 to $265 million, down 5% to 7% Y/Y.
  • FX to be a three-point Y/Y headwind
  • Exit of Hakuna and other of our live streaming services to be just under a two-point Y/Y headwind.
  • The extra day in Q1’24 because of leap year is an additional one-point Y/Y headwind.

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 Q4 2024

Historical avgQ4 2024

+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

Earnings price reactions
QuarterReport dateReaction (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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