The CFO of MTCH historically uses Q3 to talk down the next year's margin to give themselves room to invest in the biz.
He has tried to do it every year, but couldn't in 2017, because Gold was ramping so hard that it was nonsensical to even try.
Here's 2016's effort:
He has tried to do it every year, but couldn't in 2017, because Gold was ramping so hard that it was nonsensical to even try.
Here's 2016's effort:
Here's his half hearted effort in 2017, where he's like regulatory costs blah blah blah but there's no way to outrun the fact that Tinder Gold is 2x the ARPU of Tinder Plus
And here's 2018's effort where he talks about investments in Hinge, regulatory and compliance costs.
Tomorrow he will talk about Hinge and Chispa and Indonesia and $10M of spinoff costs
Hinge, Chispa, spinoff costs, and legal expenses. Not bad.
