Match Group(US:MTCH) Prnewswireยท2025-02-04 21:46Core Insights - Match Group reported a strong finish to 2024, achieving its full-year AOI margin target and focusing on innovation to drive user growth and free cash flow [2][3] - The company plans to leverage AI for personalized dating experiences and is committed to returning significant capital to shareholders [1][2] Financial Performance - Total revenue for 2024 was $3.5 billion, a 3% increase year-over-year, with a 6% increase on a foreign exchange neutral basis [8] - Q4 2024 total revenue was $860 million, a 1% decline year-over-year, while full-year revenue increased by 3% [5][8] - Operating income for 2024 was $823 million, down 10% year-over-year, with an operating income margin of 24% [8] - Adjusted operating income for 2024 was flat at $1.3 billion, with a margin of 36% [8] User Metrics - The number of payers decreased by 5% year-over-year to 14.9 million, while revenue per payer (RPP) increased by 8% to $19.12 [8] - Tinder's revenue grew by 3% year-over-year, driven by an 8% increase in RPP, despite a decline in payers [8][16] Shareholder Returns - The company repurchased $753 million of stock in 2024, representing 22.2 million shares, with $1.75 billion remaining for future repurchases [27][28] - A cash dividend of $0.19 per share was declared, payable on April 17, 2025 [21] Future Outlook - For Q1 2025, total revenue is expected to be between $820 million and $830 million, reflecting a decline of 3% to 5% year-over-year [25] - The full-year 2025 revenue outlook is projected to be between $3.375 billion and $3.500 billion, with a focus on maintaining adjusted operating income margins of at least 36.5% [25]