Match Group (NASDAQ:MTCH) after Tuesday’s close reported third quarter 2023 adjusted earnings per share (EPS) of $0.57 on revenue that rose 9% year-over-year to $882 million, driven by 11% sales growth for its Tinder segment.
The analyst consensus forecast was for adjusted EPS of $0.53 and $880.71 million in revenue, according to Zacks Equity Research.
Looking ahead, the company sees 4Q 2023 revenue of $855 million to $865 million, versus the consensus of $896 million.
"While our collective efforts have put the company on much-improved footing, there is still much work to be done to sustain this momentum, especially amid an uncertain macro backdrop," Match Group (NASDAQ:MTCH) CEO Bernard Kim said in a statement.
During 2Q, Match reported better-than-expected revenue and lifted its 3Q guidance to revenue of between $875 million and $885 million.
Match Group’s other apps include Hinge, Pairs and OkCupid.
Shares of Match fell as much as 7% in Tuesday’s after-hours session.
Contact Sean at sean@proactiveinvestors.com