Match Group Q4 2024 Earnings Report
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.
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Match Group
Match Group
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
- Exit of Hakuna and other of our live streaming services to be just under a two-point Y/Y headwind.
- The extra day in Q1’24 because of leap year is an additional one-point Y/Y headwind.