Match Group IncMTCH
▼ NegativeCapitalrelevance
Q2 revenue and EPS missed estimates, with payers declining 800k year over year.
Impact on stocks 1
Communication Services
Match Group IncMatch Group reported second-quarter revenue of $853.1 million, missing analyst estimates of $856.9 million and down 1.2% year over year, while adjusted EPS of $0.91 fell short of the $0.96 consensus. Adjusted EBITDA came in at $331.3 million, slightly above the $328.2 million expected, and the company guided third-quarter revenue to $890 million at the midpoint, roughly in line with estimates, with EBITDA guidance of $332.5 million above the $320.6 million consensus. Payers declined by 800,000 year over year to 13.3 million, and CEO Bernard Rascoff attributed ongoing user declines, particularly at Tinder, to continued monthly active user weakness despite improvements in daily active users and engagement metrics. During the earnings call, analysts pressed management on Tinder's DAU versus MAU divergence, payer trends, profile redesigns, the events feature's scalability, and pricing strategy, with CFO Gary Bailey expecting payer declines to lessen in the second half of the year.
Match Group IncQ2 revenue and EPS missed estimates, with payers declining 800k year over year.