Match Group Third Quarter 2024 Earnings: EPS Beats Expectations

Match Group (NASDAQ:MTCH) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$895.5m (up 1.6% from 3Q 2023).
• Net income: US$136.5m (down 17% from 3Q 2023).
• Profit margin: 15% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.
• EPS: US$0.53 (down from US$0.59 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Match Group EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.

Performance of the American Interactive Media and Services industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

It's still necessary to consider the ever-present spectre of investment risk. We've identified 2 warning signs with Match Group, and understanding these should be part of your investment process.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.