Q4 2024 Match Group Inc Earnings Call Transcript
Key Points
- Match Group Inc (MTCH) delivered a total revenue of $3.5 billion in 2024, up 3% year over year or 6% on an FX-neutral basis.
- The company achieved its full-year AOI margin target of 36%, reflecting a continued focus on cost discipline.
- Match Group Inc (MTCH) has a strong portfolio of iconic brands that continue to redefine how people connect, with a commitment to innovation.
- The company is leveraging AI to drive innovation and improve product experiences, positioning itself for future growth.
- New CEO Spencer Rascoff is committed to building long-term shareholder value and plans to personally invest $2 million in Match Group Inc (MTCH) stock.
- Tinder's year-over-year direct revenue growth is expected to decline in Q1 2025 due to stabilizing but still negative MAU trends.
- The company's Q1 total revenue expectation is impacted by FX headwinds, particularly affecting Tinder's revenue and margin.
- Trust and safety initiatives, while necessary, may have short-term effects on user base and revenue.
- Despite improvements, Tinder's MAU trends are still negative, with a 8% year-over-year decline in January.
- The expected contribution from revised a la carte features at Tinder on 2025 revenue is relatively small.
Welcome to the Match Group fourth-quarter 2024 earnings conference call. (Operator Instructions)
Please note, this event is being recorded. I would now like to turn the conference over to Tanny Shelburne, Senior Vice President of Investor Relations. Please go ahead.
Thank you, operator, and good morning, everyone. Our press release, executive commentary and supplemental financial materials were posted to our Investor Relations website yesterday afternoon for reference. As a reminder, we will not be reading the executive commentary on today's call.
Today, I'm joined by our new CEO, Spencer Rascoff; as well as our President and CFO, Gary Swidler; and incoming CFO, Steve Bailey. Spencer, Gary, and Steve will make a few brief remarks and then we'll open the line up to questions for approximately 30 minutes.
Before we start, I need to remind everyone that during this call, we may discuss our outlook and future performance. These forward-looking statements may
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