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Match Group Reports Fourth Quarter and Full Year 2019 Results
Dallas, TX—February 4, 2020—Match Group (NASDAQ: MTCH) reported fourth quarter and full year 2019 financial results today and separately released an investor presentation, which is available on the Investor Relations section of its website athttps://ir.mtch.com.
Q4 2019 HIGHLIGHTS
|•||Total Revenue grew 20% over the prior year quarter to $547 million.|
|•||Average Subscribers increased 19% to 9.8 million, up from 8.2 million in the prior year quarter, and ARPU increased 1 cent to $0.59.|
|•||Tinder Average Subscribers were 5.9 million in Q4 2019, an increase of 36% over the prior year quarter. Tinder Direct Revenue grew 39% over the prior year quarter.|
|•||Operating income was $180 million, an increase of 19% over the prior year quarter, and Adjusted EBITDA increased 22% over the prior year quarter to $215 million.|
|•||Entered into a definitive agreement providing for the full separation of Match Group from the remaining businesses of IAC, expected to close in the second quarter of 2020.|
FULL YEAR 2019 HIGHLIGHTS
|•||Total Revenue grew 19% over the prior year to $2.1 billion.|
|•||Tinder Direct Revenue was $1.2 billion, an increase of 43% over the prior year.|
|•||Operating income was $649 million, an increase of 17% over the prior year, and Adjusted EBITDA increased 19% over the prior year to $779 million.|
|•||Operating cash flow was $658 million and Free Cash Flow was $620 million.|
Key Financial and Operating Metrics
|Q4 2019||Q4 2018||Change|
|(In thousands, except EPS and ARPU)|
|Operating Income Margin||33||%||33||%||(0.1||)pt|
|Net earnings attributable to shareholders||$||132,226||$||115,544||14||%|
|Adjusted EBITDA Margin||39||%||38||%||0.8||pt|
|YTD Operating Cash Flow||$||658,402||$||603,455||9||%|
|YTD Free Cash Flow||$||619,648||$||572,501||8||%|
See reconciliations of GAAP to non-GAAP measures starting on page 6.
The following information was filed by Match Group, Inc. (MTCH) on Tuesday, February 4, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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