Match Group(MTCH)
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Match Group(MTCH) - 2022 Q3 - Quarterly Report
2022-11-03 16:00
As filed with the Securities and Exchange Commission on November 4, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-34148 Match Group, Inc. (Exact name of registr ...
Match Group(MTCH) - 2022 Q3 - Earnings Call Transcript
2022-11-02 16:37
Financial Data and Key Metrics Changes - Total revenue for Q3 2022 was $810 million, up 1% year-over-year, but would have been $883 million, reflecting a 10% increase on an FX-neutral basis [25] - Direct revenue grew 1% year-over-year, with a 5% increase in the Americas, while Europe saw a 1% decline but a 15% increase on an FX-neutral basis [26] - Total payers increased to 16.5 million, a 2% rise from the previous year, with notable growth in APAC [27] - Revenue per payer (RPP) was flat year-over-year at $16.02, with a 6% increase in the Americas but a 14% decline in APAC [28][29] Business Line Data and Key Metrics Changes - Tinder's direct revenue was $460 million, up 6% year-over-year, with payer growth of 7% [30] - Hinge continued to grow, achieving record downloads and expanding its localization strategy in Europe [16][17] - Established Brands, including Match and OkCupid, saw a decline in payers by over 15% in aggregate [27][32] Market Data and Key Metrics Changes - Direct revenue in Europe was down 1% year-over-year but up 15% on an FX-neutral basis, driven by Tinder and Hinge [26] - APAC saw a 5% decline in direct revenue, but a 16% increase on an FX-neutral basis, primarily due to Tinder [26] Company Strategy and Development Direction - The company is focusing on four key areas for 2023: tailored experiences for women, targeting Gen Z, evaluating virtual goods, and creating monetization opportunities [11] - A strategic imperative for 2023 is to focus investments on growing brands while pulling back on those not driving growth [21] - The company plans to increase marketing spend at Hinge and Tinder while reducing it for Established Brands [45][101] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about long-term shareholder value despite a challenging macroeconomic environment [8] - There is caution regarding Q4 due to a significant deterioration in trends, particularly affecting a la carte purchases [62][120] - The company anticipates 5% to 10% year-over-year revenue growth in 2023, driven by improved product execution and international expansion [46][96] Other Important Information - The company ended Q3 with $398 million in cash and short-term investments and plans to continue share buybacks [38][39] - Adjusted operating income for Q4 is expected to be between $270 million and $275 million, with margins around 35% [44] Q&A Session All Questions and Answers Question: What drove the upside to revenue growth versus expectations in Q3? - Management noted that a conservative outlook for Q3 led to better-than-expected results, but they are cautious about Q4 due to a deteriorating macro environment [61][62] Question: Can you provide more context on the weakness in a la carte purchases? - The impact is primarily on impulse buyers who are more price-sensitive, with adjustments being made to offer smaller bundles [56][57] Question: What are the expectations for Hinge's new premium tier? - Hinge will start testing the new subscription tier later this quarter, with a global rollout planned for Q1 2023 [73] Question: How is the integration between marketing and product teams expected to influence growth? - The company aims to establish a stronger brand narrative and increase marketing spend while maintaining margins below 10% of revenue [86][87] Question: What are the expectations for the APAC region next year? - The outlook is challenging, with modest improvements expected in local currency but declines in U.S. dollar terms due to FX impacts [80][81]
Match Group(MTCH) - 2022 Q2 - Quarterly Report
2022-08-04 16:00
As filed with the Securities and Exchange Commission on August 5, 2022 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-34148 Match Group, Inc. (Exact name of registrant as ...
Match Group(MTCH) - 2022 Q2 - Earnings Call Presentation
2022-08-03 15:32
MatchGroup Letter to Shareholders Q2 2022 | August 2, 2022 Second Quarter 2022 Financial Highlights » Total Revenue grew 12% over the prior year quarter to $795 million (19% growth on a foreign exchange ("FX") neutral basis). » Operating Loss of $10 million driven by a $217 million impairment of intangibles relating to the Hyperconnect acquisition. » Adjusted Operating Income was $286 million, an increase of 9% over the prior year quarter, representing an Adjusted Operating Income Margin of 36%. » Payers in ...
Match Group(MTCH) - 2022 Q2 - Earnings Call Transcript
2022-08-03 15:26
Match Group, Inc. (NASDAQ:MTCH) Q2 2022 Earnings Conference Call August 3, 2022 8:30 AM ET Company Participants Tanny Shelburne ??? Senior Vice President of Investor Relations Bernard Kim ??? Chief Executive Officer Gary Swidler ??? Chief Financial Officer and Chief Operating Officer Conference Call Participants Shweta Khajuria ??? Evercore ISI Cory Carpenter ??? JPMorgan John Blackledge ??? Cowen Alexandra Steiger ??? Goldman Sachs Benjamin Black ??? Deutsche Bank Lauren Schenk ??? Morgan Stanley Jason Hel ...
Match Group(MTCH) - 2022 Q1 - Quarterly Report
2022-05-05 16:00
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑ As of April 29, 2022, there were 285,592,764 shares of common stock outstanding. As filed with the Securities and Exchange Commission o ...
Match Group(MTCH) - 2022 Q1 - Earnings Call Transcript
2022-05-04 15:48
Match Group, Inc. (NASDAQ:MTCH) Q1 2022 Earnings Conference Call May 4, 2022 8:30 AM ET Company Participants Bill Archer - Head, Investor Relations and Corporate Development Shar Dubey - Chief Executive Officer Gary Swidler - Chief Financial Officer and Chief Operating Officer Conference Call Participants Daniel Salmon - BMO Capital Markets Alexandra Steiger - Goldman Sachs Mario Lu - Barclays Justin Patterson - KeyBanc Capital Markets Cory Carpenter - JPMorgan Brent Thill - Jefferies Lauren Schenk - M ...
Match Group(MTCH) - 2021 Q4 - Annual Report
2022-02-23 16:00
TABLE OF CONTENTS | | | Page Number | | --- | --- | --- | | | PART I | | | Item 1. | Business | 4 | | Item 1A. | Risk Factors | 15 | | Item 1B. | Unresolved Staff Comments | 27 | | Item 2. | Properties | 27 | | Item 3. | Legal Proceedings | 27 | | Item 4. | Mine Safety Disclosure | 30 | | | PART II | | | Item 5. | Market For Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities | 31 | | Item 6. | Reserved | 31 | | Item 7. | Management's Discussion and Analysis of ...
Match Group(MTCH) - 2021 Q4 - Earnings Call Transcript
2022-02-02 16:53
Match Group, Inc. (NASDAQ:MTCH) Q4 2021 Results Conference Call February 2, 2022 8:30 AM ET Company Participants Bill Archer - Head, Investor Relations and Corporate Development Shar Dubey - Chief Executive Officer Gary Swidler - Chief Financial Officer and Chief Operating Officer Conference Call Participants Mario Lu - Barclays Cory Carpenter - JPMorgan Shweta Khajuria - Evercore ISI Brent Thill - Jefferies John Blackledge - Cowen Justin Patterson - KeyBanc Deepak Mathivanan - Wolfe Research Lauren Schenk ...
Match Group(MTCH) - 2021 Q3 - Quarterly Report
2021-11-07 16:00
As filed with the Securities and Exchange Commission on November 8, 2021 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended September 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-34148 Match Group, Inc. (Exact name of registr ...