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Match Group (MTCH) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Match Group (MTCH - Free Report) reported revenue of $881.6 million, up 8.9% over the same period last year. EPS came in at $0.57, compared to $0.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $880.71 million, representing a surprise of +0.10%. The company delivered an EPS surprise of +7.55%, with the consensus EPS estimate being $0.53.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Match Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Payers - Total: 15,712 thousand versus the seven-analyst average estimate of 15,735.22 thousand.
Payers - Europe Payers: 4,573 thousand versus 4,490.55 thousand estimated by six analysts on average.
Payers - APAC and Other: 3,645 thousand versus the six-analyst average estimate of 3,526.18 thousand.
RPP - Total: $18.39 versus $18.35 estimated by six analysts on average.
Payers - Americas: 7,494 thousand versus the six-analyst average estimate of 7,757.7 thousand.
RPP - Americas: $20.25 versus the five-analyst average estimate of $19.64.
Geographic Revenue- Direct Revenue- Europe: $251.98 million versus $239.63 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +17.3% change.
Geographic Revenue- Direct Revenue- Americas: $455.21 million versus $455.60 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10% change.
Geographic Revenue- Direct Revenue- APAC and Other: $159.61 million compared to the $170.17 million average estimate based on six analysts. The reported number represents a change of -4.2% year over year.
Revenue- Total Direct Revenue: $866.80 million versus the eight-analyst average estimate of $865.94 million. The reported number represents a year-over-year change of +9%.
Revenue- Indirect Revenue: $14.80 million versus $15.64 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
Revenue- Direct Revenue- Tinder: $508.52 million versus the five-analyst average estimate of $505.77 million.
Shares of Match Group have returned -10.7% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Match Group (MTCH) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Match Group (MTCH - Free Report) reported revenue of $881.6 million, up 8.9% over the same period last year. EPS came in at $0.57, compared to $0.58 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $880.71 million, representing a surprise of +0.10%. The company delivered an EPS surprise of +7.55%, with the consensus EPS estimate being $0.53.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Match Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Payers - Total: 15,712 thousand versus the seven-analyst average estimate of 15,735.22 thousand.
- Payers - Europe Payers: 4,573 thousand versus 4,490.55 thousand estimated by six analysts on average.
- Payers - APAC and Other: 3,645 thousand versus the six-analyst average estimate of 3,526.18 thousand.
- RPP - Total: $18.39 versus $18.35 estimated by six analysts on average.
- Payers - Americas: 7,494 thousand versus the six-analyst average estimate of 7,757.7 thousand.
- RPP - Americas: $20.25 versus the five-analyst average estimate of $19.64.
- Geographic Revenue- Direct Revenue- Europe: $251.98 million versus $239.63 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +17.3% change.
- Geographic Revenue- Direct Revenue- Americas: $455.21 million versus $455.60 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +10% change.
- Geographic Revenue- Direct Revenue- APAC and Other: $159.61 million compared to the $170.17 million average estimate based on six analysts. The reported number represents a change of -4.2% year over year.
- Revenue- Total Direct Revenue: $866.80 million versus the eight-analyst average estimate of $865.94 million. The reported number represents a year-over-year change of +9%.
- Revenue- Indirect Revenue: $14.80 million versus $15.64 million estimated by eight analysts on average. Compared to the year-ago quarter, this number represents a +2.8% change.
- Revenue- Direct Revenue- Tinder: $508.52 million versus the five-analyst average estimate of $505.77 million.
View all Key Company Metrics for Match Group here>>>Shares of Match Group have returned -10.7% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.