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Dec 31, 2024
Match Group Q4 2024 Earnings Report
Match Group's Q4 2024 earnings declined slightly due to a decrease in payers, but were partially offset by an increase in revenue per payer. The company focused on executing its Investor Day plan, emphasizing product innovations and AI to enhance user experiences. Financial management remained disciplined, and capital was returned to shareholders through share repurchases.
Key Takeaways
Match Group's Q4 2024 revenue reached $860 million, a 1% year-over-year decrease, while operating income was $223 million, down 14% year-over-year. The company focused on product innovation and disciplined financial management, repurchasing $117 million in stock during the quarter.
Total revenue decreased by 1% year-over-year to $860 million, but increased by 1% on a foreign exchange neutral basis.
Operating income declined by 14% year-over-year to $223 million, representing a 26% operating income margin.
The company repurchased $117 million of stock, representing 3.1 million shares.
Tinder plans to test AI-curated recommendations and double-dating features to improve user engagement.
Forward Guidance
For Q1 2025, Match Group anticipates total revenue between $820 to $830 million, a decrease of 3% to 5% year-over-year. Adjusted Operating Income is expected to be $260 to $265 million, a decrease of 5% to 7% year-over-year.
Positive Outlook
- On an FXN basis and excluding Hakuna and other of our live streaming services, Total Revenue to be flat to up 1% Y/Y.
- Adjusted Operating Income Margin of 32% at the mid-point of the ranges.
- Total Revenue of $3,375 to $3,500 million for full year 2025
- Reduction of diluted shares outstanding by 5% to 7% over the course of 2025.
- Use of at least 75% of FCF for share repurchases and to target returning at least 100% of FCF to shareholders through dividends and share repurchases.
Challenges Ahead
- Total Revenue of $820 to $830 million, down 3% to 5% Y/Y.
- Adjusted Operating Income of $260 to $265 million, down 5% to 7% Y/Y.
- FX to be a three-point Y/Y headwind
Historical Earnings Impact
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Avg. Return Before/After Earnings
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