Match Group (MTCH) Q3 Earnings Beat, Revenues Surge Y/Y
Zacks Investment Research | Nov 06, 2018 09:27PM ET
Match Group (NASDAQ:MTCH) delivered third-quarter 2018 adjusted earnings of 39 cents per share, which surpassed the Zacks Consensus Estimate by 3 cents and was significantly higher than year-ago quarter figure of 19 cents.
Revenues of $443.9 million surged 49.2% year over year and beat the Zacks Consensus Estimate of $437 million. The year-over-year growth was primarily driven by 23% increase in average subscriber base and 6% rise in Average Revenue per Subscriber (ARPU).
Quarter Details
Average subscriber base and ARPU were 8.1 million and 57 cents, respectively, at the end of the reported quarter. North America subscriber base increased 18%, while International jumped 29%. Growth in ARPU was driven primarily by strength in both North America (up 6% year over year) and international (up 7%).
In the third quarter, Tinder average subscribers increased 61% year over year and came in at 4.1 million. ARPU grew 24% year over year, primarily on the back of higher number of Gold subscribers.
During the reported quarter, Match, Meetic, PlentyOfFish and OkCupid also registered growth.
Adjusted EBITDA was $165 million, up 38% year over year. Adjusted EBITDA margins came in at 37.2%, up 240 basis points (bps) year over year.
Match Group, Inc. Price, Consensus and EPS Surprise
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