Recap: Match Group Q1 Earnings

Shares of Match Group MTCH increase in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 3.64% year over year to $0.57, which beat the estimate of $0.40.

Revenue of $667,612,000 up by 22.58% from the same period last year, which beat the estimate of $650,660,000.

Outlook

Match Sees Q2 Sales $680M-$690M vs $678.8M Estimate, Adj. EBITDA $255M-$260M

Recent Stock Performance

Company's 52-week high was at $174.68

52-week low: $72.28

Price action over last quarter: Up 2.81%

Company Overview

Match Group is a provider of online dating products. The firm became public in 2015 and was more than 80% owned by IAC/InterActiveCorp until IAC spun it off in second-quarter 2020. The company has a vast portfolio of different online dating service providers, including Tinder, Match.com, OkCupid, PlentyOfFish, and Meetic. Match Group has more than 45 brands of online dating sites and/or apps, from which it generates user fee revenue (95%) and advertising revenue (5%).