Match Group (NASDAQ: MTCH) has reported its financial results for the fourth quarter and full year ended December 31, 2024, showing both strengths and challenges in its operations.
For the full year 2024, total revenue increased by 3% year-over-year (Y/Y), reaching $3.5 billion. However, operating income declined by 10% Y/Y, coming in at $823 million, and adjusted operating income remained flat at $1.3 billion. The company also saw a decline in payers by 5% Y/Y to 14.9 million.
In the fourth quarter of 2024, total revenue decreased by 1% Y/Y to $860 million, while the number of payers decreased by 4% Y/Y to 14.6 million. Operating income for the quarter declined by 14% Y/Y to $223 million, and adjusted operating income dropped by 10% Y/Y to $324 million.
Tinder, one of Match Group's business units, experienced a 3% Y/Y decline in direct revenue for the fourth quarter, amounting to $476 million, with a 5% Y/Y decrease in payers. The full year direct revenue for Tinder grew by 1% Y/Y to $1.9 billion, driven by an 8% Y/Y increase in revenue per payer (RPP) and partially offset by a 7% Y/Y decline in payers.
Hinge, another business unit, saw a 27% Y/Y increase in direct revenue for the fourth quarter, totaling $148 million, with a 19% Y/Y increase in payers. For the full year, direct revenue grew by 39% Y/Y to $550 million, with a 23% Y/Y increase in payers.
Evergreen & Emerging ("E&E") reported a 7% Y/Y decline in direct revenue for the fourth quarter, amounting to $155 million, with a 14% Y/Y decrease in payers. The full-year direct revenue for E&E declined by 7% Y/Y to $643 million, driven by a 13% Y/Y decline in payers.
Match Group Asia ("MG Asia") experienced a 9% Y/Y decline in direct revenue for the fourth quarter, totaling $67 million, with a 4% Y/Y increase in payers. For the full year, direct revenue declined by 6% Y/Y to $284 million, driven by a 14% Y/Y decline in RPP.
The company's board of directors declared a cash dividend of $0.19 per share of the company's common stock, payable on April 17, 2025, to stockholders of record as of April 3, 2025.
Looking ahead, Match Group expects total revenue of $820 to $830 million for the first quarter of 2025, down 3% to 5% Y/Y, and total revenue of $3,375 to $3,500 million for the full year 2025, down 3% to up 1% Y/Y.
The company plans to use at least 75% of its free cash flow for share repurchases and aims to reduce diluted shares outstanding by 5% to 7% over the course of 2025.
As of January 31, 2025, diluted shares outstanding were 260.0 million, representing a decrease of 7% since January 26, 2024. Today the company's shares have moved 3.0% to a price of $36.47. If you want to know more, read the company's complete 8-K report here.
