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Mar 31, 2022
Match Group Q1 2022 Earnings Report
Achieved strong growth in both Payers and RPP, with Tinder and All Other Brands driving revenue growth.
Key Takeaways
Match Group's Q1 2022 showed strong performance with a 20% increase in total revenue to $799 million. Tinder's direct revenue grew by 18%, and All Other Brands collectively grew by 22%. The company is navigating macroeconomic challenges, including the war in Ukraine and foreign exchange impacts.
Total Revenue grew 20% year-over-year to $799 million.
Tinder Direct Revenue grew 18% year-over-year, driven by Payers and RPP growth.
Operating income increased 10% over the prior year quarter to $208 million.
Adjusted Operating Income was $273 million, up 19% year-over-year.
Forward Guidance
Match Group anticipates Q2 2022 Total Revenue to be between $800 to $810 million, representing 13% to 14% year-over-year growth, and Adjusted Operating Income to be between $285 to $290 million.
Positive Outlook
- Continued leverage in sales and marketing spend.
- Post-COVID reopening around the globe.
- The war in Ukraine impact is expected to be approximately one point.
- FX impact is expected to be approximately five points.
- Q2 Adjusted Operating Income outlook includes an estimated $6 million of negative impact from Google’s policy change beginning June 1st.
Challenges Ahead
- Challenging current macroeconomic environment.
- The war in Ukraine is expected to impact revenue by approximately $10 million per quarter.
- Strengthening U.S. dollar is reducing the dollar value of revenue earned in other geographies.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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