From MarketWatch: 2024-07-31 13:29:00

Match Group reported Q2 2024 earnings of 48 cents per share, meeting estimates. Revenues of $864.07 million were up 4% YoY, exceeding estimates. Direct revenues were $848.13 million, up 4% YoY. Payers totaled 14.84 million, down 5% YoY. Revenues per payer increased 9% to $19.05. Operating expenses rose 7% YoY with an operating margin of 35%. As of June 30, Match had $844 million in cash and $3.9 billion in long-term debt. Guidance for Q3 2024 includes revenues of $895-$905 million and Tinder Direct revenues flat YoY. Full-year 2024 revenue is expected to grow 5% on a reported basis. Match Group carries a Zacks Rank #4 (Sell). Other stocks to consider are The Gap, Amazon, and Best Buy.



Read more at MarketWatch: Match Group (MTCH) Q2 Earnings Meet Estimates, Revenues Up Y/Y