Match Group Inc.
- Match Group Inc. plunged 16.8% after the dating services provider forecast fourth-quarter revenue that fell short of market expectations.
In the third quarter, revenue rose 8.9% from a year before to $881.6 million, and earnings per share eased to 57 cents from 58 cents a year ago.
Active paying subscribers declined 5% from the previous quarter to 15.7 million, and average subscriptions increased 15% from the previous quarter to $18.39.
During the quarter, the company repurchased $300 million of stock and a total of $445 million in the year-to-date, reducing its share count by 2.8% from the beginning of the year.
About $667 million is available under the $1 billion stock repurchase program, and the company declared its plan to return to shareholders at least 50% of its free cash flow.
Nov 1, 2023 - Match Group Inc jumped 1.7% to $47.95 after the online dating site reported strong increase in sales and earnings in the second quarter and forecasted sales are likely to be ahead of market expectations.
Total revenue in the second quarter rose 4% to $830 million and the company swung to a net income of $137.3 million from a loss of 32.3 million and diluted earnings per share was 48 cents from (11 cents) a year ago.
Total paying subscribers declined 5% to 15.6 million from 16.4 million and average revenue per subscriber rose to $17.41 from $15.86 a year ago.
Aug 2, 2023 - Match Group said Tinder direct revenue was flat over the prior year quarter with a 3% increase in paying subscribers to 10.8 million and fell 1% to 16.1 million across all sites.
Jan 31, 2023 - Match Group said fourth quarter revenue declined 2% to $786 million and swung to a net income of $84.5 million from $168.7 million and diluted EPS was 31 cents from 60 cents a loss.
Jan 31, 2023
| Year | Mar | Jun | Sep | Dec | Annual | |
|---|---|---|---|---|---|---|
| 2023 | 0.42 | 0.48 | 0.57 | - | - | |
| 2022 | - | - | - | 0.31 | 1.24 | |
| 2021 | - | - | - | 0.93 | 0.93 | |
| 2020 | - | - | - | 0.49 | 0.66 | |
| 2019 | 0.42 | 0.43 | 0.51 | 4.5 | 2.15 | |
| 2018 | 0.33 | 0.45 | 0.44 | 0.39 | 1.61 | |
| 2017 | 0.08 | 0.13 | 0.14 | 0.25 | 0.6 | |
| 2016 | 0.06 | 0.14 | 0.20 | 0.24 | 0.64 | |
| 2015 | - | - | - | 0.18 | 0.18 | |
| 2014 | - | - | - | 0.00 | 0.88 | |
| 2013 | - | - | - | 0.00 | 0.76 | |
| 2012 | - | - | - | 0.00 | 0.53 |