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Dec 31, 2021
Match Group Q4 2021 Earnings Report
Match Group's Q4 2021 earnings exceeded expectations, with revenue and adjusted operating income growing significantly.
Key Takeaways
Match Group's Q4 2021 saw a 24% increase in total revenue, reaching $806 million. Tinder's direct revenue grew by 23%, and All Other Brands collectively grew by 26%. Adjusted Operating Income increased by 18% to $290 million.
Total Revenue grew 24% year-over-year to $806 million.
Tinder Direct Revenue grew 23% year-over-year.
Operating income increased 9% year-over-year to $232 million.
Adjusted Operating Income increased 18% year-over-year to $290 million.
Match Group
Match Group
Forward Guidance
Match Group expects total revenue of $790 million to $800 million for Q1 2022, implying 18%-20% year-over-year growth. Adjusted Operating Income is expected to be $260 million to $265 million.
Positive Outlook
- High-teens growth at Tinder.
- Continued rapid growth at Hinge.
- Reduction in Google subscription fees.
- Legal costs reduction.
- Improved momentum as we move into the spring and summer months.
Challenges Ahead
- FX headwinds.
- Omicron impacts.
- Typically lower first quarter margins.
- Worsening FX impacts since last update.
- Rapid spread of the Omicron variant is affecting early 2022 performance.