Services
Match Investors Found Something to Like in Its Q4 Earnings
Published:
Last Updated:
When Match Group Inc. (NASDAQ: MTCH) released its fourth-quarter financial results after the markets closed on Tuesday, the online dating firm said that it had $0.43 in earnings per share (EPS) on $457.3 million in revenue. That compared with consensus estimates of $0.38 in EPS and $448.43 million in revenue, as well as the $0.18 per share and $378.91 million posted in the same period of last year.
During the latest quarter, total revenue grew 21% over the prior-year quarter, driven by 17% average subscriber growth and 4% average revenue per user growth, which came in at $0.58.
Average subscribers increased to 8.2 million from 7.0 million in the prior-year quarter. Tinder average subscribers were 4.3 million in the fourth quarter, increasing 233,000 sequentially and 1.2 million year-over-year
The company offered no guidance in the report, but consensus estimates call for $0.35 in EPS and $469.6 million in revenue for the first quarter.
For the past year, operating cash flow increased 88% to $603 million, and free cash flow increased 96% to $573 million.
On the books, Match’s cash and cash equivalents totaled $186.95 million at the end of the quarter, down from $272.62 million at the end of the previous fiscal year.
Shares of Match traded up more than 11% at $59.26 shortly after the opening bell. The 52-week range is $33.06 to $60.95, and the consensus price target is $50.24.
24/7 Wall St.Cash Back Credit Cards Have Never Been This Good
Credit card companies are at war, handing out free rewards and benefits to win the best customers. A good cash back card can be worth thousands of dollars a year in free money, not to mention other perks like travel, insurance, and access to fancy lounges. See our top picks for the best credit cards today. You won’t want to miss some of these offers.
Flywheel Publishing has partnered with CardRatings for our coverage of credit card products. Flywheel Publishing and CardRatings may receive a commission from card issuers.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Latest from 24/7
Our expert who first called NVIDIA in 2009 is predicting 2025 will see a historic AI breakthrough.
You can follow him investing $500,000 of his own money on our top AI stocks for free.