MATCH GROUP - Aug 4 - Total revenue grew 27% YOY to $708M. Operating income was $210M, up 7% YOY. Adjusted EBITDA was $263M, up 15% YOY. Payers increased 15% to 15M, up from 13M last year. Tinder Direct Revenue grew 26% YOY, driven by 17% Payers growth to 9.6M. All Other Brands collectively grew Direct Revenue 28% YOY. In Q2 Match Group closed the acquisition of Hyperconnect, which brings two new brands into its portfolio - Azar and Hakuna. Combined, these two brands have ~570K Payers with RPP approaching $35 and ~90% of their revenue coming from à la carte. Azar, launched in 2014, enables users to video chat with people around the world, powered by real-time language translations. The user base is predominantly in Asia and growing in Europe. Hakuna, launched in 2019, is an interactive, social live streaming app that enables group video and audio broadcast. For Q3, Match Group expects total revenue of $790M to $805M, representing 23%-26% YOY growth.
See full article at Match Group website
See the top news on Match Group
See the top news on Azar
See the top news on Tinder