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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.
Match Group
Match Group
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.
- Additional $15 million in the second half of the year for increased government relations costs.
- Legal matters including the former Tinder employee litigation.