From Nasdaq: 2024-11-07 11:46:00

Match Group (MTCH) reported third-quarter 2024 earnings of 51 cents per share, beating estimates by 10.87%. Revenues of $895.48 million increased 1.5% year over year. Direct revenues were $879.19 million, up 1%. Top-line growth driven by Hinge and Azar. In the quarter, total payers decreased 3% to 15.21 million, with RPP increasing 5% to $19.26.

Operating costs and expenses increased 7% to $684.82 million, with adjusted operating income up 3% to $342.5 million. Match Group had $861 million in cash and short-term investments as of Sept. 30, 2024. The company expects Q4 2024 revenues to be flat year over year at $865-$875 million.

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Read more at Nasdaq: Match Group’s Q3 Earnings Beat Estimates, Revenues Up Y/Y