Match $MTCH 2Q21 Earnings πͺπ»
- Rev $708m +27% β¬οΈ
- EBIT $210m +7% βοΈ margin 30% -565bps βοΈ
- Adj EBITDA $263m +15% βοΈ margin 37% -393bps βοΈ
- Net Income $140m +32% β¬οΈ margin 20% +63bps β
- OCF $248m +5% βοΈ margin 35% -748bps βοΈ
- FCF $318m -1% β‘οΈ margin 32% -911bps βοΈ
- Rev $708m +27% β¬οΈ
- EBIT $210m +7% βοΈ margin 30% -565bps βοΈ
- Adj EBITDA $263m +15% βοΈ margin 37% -393bps βοΈ
- Net Income $140m +32% β¬οΈ margin 20% +63bps β
- OCF $248m +5% βοΈ margin 35% -748bps βοΈ
- FCF $318m -1% β‘οΈ margin 32% -911bps βοΈ
Match $MTCH Revenue Growth +27% was blend of (1) more payers +15% βοΈ and (2) increased pricing +10% βοΈ:
1) Paying Users: 15m +15% +2m (broad-base)
2) Pricing: RPP $15.46 +10% (broad-base)
1) Paying Users: 15m +15% +2m (broad-base)
2) Pricing: RPP $15.46 +10% (broad-base)
Tinder (~56% of Rev) βοΈ
- Accelerating growth & higher user propensity to pay β
- Rev $399m +26% βοΈ
- Rising engagement with vaccinations βοΈ
- Swipes +13%, Conversation +38% longer β
- Accelerating growth & higher user propensity to pay β
- Rev $399m +26% βοΈ
- Rising engagement with vaccinations βοΈ
- Swipes +13%, Conversation +38% longer β
Non-Tinder: Our strategy to achieve mid-to-high teens revenue growthβ¦premised on 2 prongs (aside from continuing to grow Tinder): (1) returning our Established Brands to growth; and (2) making new bets in Emerging Brands that contribute to growth in a reasonably short timeframe.
βOur business performed well during 2Q21 & we continue to be optimistic about our momentum as we enter 2H21.
β¦.our business is showing clear signs of strength, with more room to run as additional mkts come up the vaccination curveβ¦business has proven to be quite resilient.β
β¦.our business is showing clear signs of strength, with more room to run as additional mkts come up the vaccination curveβ¦business has proven to be quite resilient.β
β
Deleveraging: Good to see the de-leveraging of the balance sheet with debt repayment, and to return Match Group to a more stronger financial position over time.
Final Thoughts on Match Group $MTCH:
β‘οΈ Growing and steady long-term compounder that is profitable, returning to stronger balance sheet with deleveraging/paying down debt, and is facilitating joyful connections and meaningful relationships around the world. π
β‘οΈ Growing and steady long-term compounder that is profitable, returning to stronger balance sheet with deleveraging/paying down debt, and is facilitating joyful connections and meaningful relationships around the world. π
β’ β’ β’
Missing some Tweet in this thread? You can try to
force a refresh
γ
