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Jun 30, 2021
Match Group Q2 2021 Earnings Report
Match Group's Q2 2021 performance was marked by revenue growth and strategic acquisitions, reflecting a strong recovery and expansion in the dating and social discovery market.
Key Takeaways
Match Group's Q2 2021 saw a 27% increase in total revenue to $708 million. Tinder's direct revenue grew by 26%, driven by a 17% increase in payers. The acquisition of Hyperconnect was completed, adding new emerging brands to the portfolio.
Total revenue increased by 27% year-over-year to $708 million.
Tinder Direct Revenue grew 26% year-over-year, with payers up 17% to 9.6 million.
All Other Brands collectively grew Direct Revenue 28% year-over-year.
Match Group completed the acquisition of Hyperconnect, adding Azar and Hakuna to its portfolio.
Forward Guidance
Match Group anticipates strong revenue growth for Q3 2021, projecting total revenue between $790 million and $805 million, representing a 23%-26% year-over-year increase. Full-year 2021 revenue is expected to exceed $3 billion.
Positive Outlook
- Total Match Group to grow revenue north of 25% year-over-year in the second half of the year.
- Tinder to grow revenue close to 20% year-over-year.
- Emerging Brands, including Hyperconnect’s products, to grow well over 100% year-over-year.
- Full-year outlook for Match Group dating businesses reflects year-over-year growth in the low 20% range.
- Total Match Group Q3 EBITDA to be in the range of $275 million to $280 million and full-year 2021 EBITDA to be between $1,045 million and $1,060 million.
Challenges Ahead
- Expects Tinder to grow revenue close to 20% year-over-year.
- Established Brands to grow in the single-digits year-over-year.
- Hyperconnect to operate on a relatively breakeven EBITDA basis in the second half of the year.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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