Match Group IncMTCH
▼ NegativeCapitalrelevance
Revenue and EPS missed estimates, payers below forecast.
Impact on stocks 1
Communication Services
Match Group IncMatch Group Q2 revenue slips 1.2% to $853 million, missing estimates
Earnings
Match Group reported second-quarter revenue of $853.11 million, a 1.2% decline from a year earlier and slightly below the Zacks Consensus Estimate of $856.05 million. Earnings per share came in at $0.92, up from $0.72 a year ago but missing the consensus estimate of $0.97. Total payers reached 13.25 million, falling short of the 13.43 million analyst forecast, while Tinder payers of 8.52 million edged past the 8.5 million estimate. Direct revenue from Tinder was $457.5 million, Hinge direct revenue was $203.5 million, and Evergreen and Emerging direct revenue surged 20.9% to $178.9 million, all compared with analyst projections.
Match Group IncRevenue and EPS missed estimates, payers below forecast.