Match Group reported its fourth-quarter earnings, that fell short of analysts' expectations.
The dating app company incurred a loss of -$0.47 per share, compared to the Street expectations of earnings of $0.60 a share.
Revenue came in at $806 million in the quarter, below analysts’ expectation of $821 million. Total revenue per payer (RPP) rose +8% year over year to $16.16 million. RPP from the Americas, Europe, and APAC and Other increased 10%, 6% and 7%, respectively.
The company’s flagship brand, Tinder, had a +23% growth in revenues year-over-year. The app registered +22% growth over the year 2021.
Match Group projects first-quarter 2022 revenues to be in the range of $790-$800 million, indicating 18-20% growth from the prior-year quarter. This is below Zacks Consensus Estimate of $818.82 million.
The company expects adjusted operating income for the first quarter to be $260-$265 million.
For full year 2022, Match Group projects revenues to grow in the range of 15% to 20% from the year-earlier quarter.