Match Group — Nov 6, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000891103-24-000111
Showing in the filing
Match Group AOI margin
“39% at the midpoints of the ranges”
Period
Q4 FY2024
Measure
Company-defined measure
Source
Prose
All guidance in this release · 18
Match Group Total Revenue for Q4 FY2024
“$865 million to $875 million”
Total Revenue, excluding revenue from the no… for Q4 FY2024
“up 2% to 3% Y/Y”
Tinder Direct Revenue for Q4 FY2024
“$480 to $485 million, down 2% to 3% Y/Y”
Tinder Payers for Q4 FY2024
“mid-single-digit Y/Y declines”
Tinder RPP for Q4 FY2024
“modest improvements”
Direct Revenue (other brands) for Q4 FY2024
“$370 to $375 million”
Other brands Direct Revenue for Q4 FY2024
“$370 to $375 million, representing 3% to 5% Y/Y growth”
Hinge Direct Revenue for Q4 FY2024
“approximately $145 million, representing ~25% Y/Y growth”
Indirect Revenue for Q4 FY2024
“approximately $15 million”
Match Group AOI for Q4 FY2024
“$335 to $340 million, including approximately $7 million in employee severance and similar charges and the Canada Digital Services Tax”
AOI for Q4 FY2024
“down 6% to 7% Y/Y”
AOI growth Y/Y for Q4 FY2024
“down 6% to 7% Y/Y”
AOI growth Y/Y, excluding the $40 million es… for Q4 FY2024
“up 4% to 6% Y/Y”
Adjusted Operating Income Margin for Q4 FY2024
“39% at the midpoints of the ranges”
Match Group AOI margin for Q4 FY2024
“39% at the midpoints of the ranges”
Total Revenue for Q4 FY2024
“$865 to $870 million”
Adjusted Operating Income for Q4 FY2024
“$335 to $340 million”
Operating income for Q4 FY2024
“$235 to $240”
Exhibit 99.1 · the passage around this item
… earlier in the release
We expect Q4 Match Group AOI to be $335 to $340 million, including approximately $7 million in employee severance and similar charges and the Canada Digital Services Tax. We expect AOI to be down 6% to 7% Y/Y, but up 4% to 6% Y/Y excluding the $40 million escrow refund as a result of the settlement of the Google litigation in Q4’23. We expect Q4 Match Group AOI margin of 39% at the midpoints of the ranges. Total Revenue Adjusted Operating Income Q4 2024 $865 to $870 million $335 to $340 million 10 Conference Call Match Group will audiocast a conference call to answer questions regarding its third quarter financial results on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time. This call will include the disclosure of certain information, including forward-looking information, which may be material to an investor’s understanding of Match Group’s business. The live audiocast will be open to the public on Match Group’s investor relations website at https://ir.mtch.com. 11 Financial Results Revenue and Key Drivers Three Months Ended September 30, 2024 2023 Change (In thousands, except RPP) Revenue Direct Revenue Tinder $ 503,217 $ 508,521 (1)% Hinge 145,425 107,265 36% MG Asia 72,164 76,765 (6)% Evergreen and Emerging 158,390 174,249 (9)% Total Direct Revenue 879,196 866,800 1% Indirect Revenue 16,288 14,800 10% Total Revenue $ 895,484 $ 881,600 2% Payers Tinder 9,945 10,412 (4)% Hinge 1,602 1,327 21% MG Asia 1,046 917 14% Evergreen and Emerging 2,621 3,056 (14)% Total Payers 15,214 15,712 (3)% Revenue Per Payer (“RPP”) Tinder $ 16.87 $ 16.28 4% Hinge $ 30.2
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.