Match Group Third Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.11-15

Match Group (NASDAQ:MTCH) Third Quarter 2024 Results Key Financial Results Revenue: US$895.5m (up 1.6% from 3Q 2023). Net income: US$136.5m (down 17% from 3Q 2023). Profit margin: 15% (down from 19% ...

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The decrease in margin was driven by higher expenses.NasdaqGS:MTCH Earnings and Revenue Growth November 15th 2024. All figures shown in the chart above are for the trailing 12 month  period. Revenue was in line with analyst estimates. Earnings per share  surpassed analyst estimates by 6.4%.Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US.Performance of the American Interactive Media and Services industry.The company's share price is broadly unchanged from a week ago.It is worth noting though that we have found 2 warning signs for Match Group that you need to take into consideration.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"MTCH":"Match Group, Inc."},"translate_title":"Match Group 2024年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTCH":1},"content_text":"Match Group (NASDAQ:MTCH) Third Quarter 2024 Results\nKey Financial Results\n\nRevenue: US$895.5m (up 1.6% from 3Q 2023).\nNet income: US$136.5m (down 17% from 3Q 2023).\nProfit margin: 15% (down from 19% in 3Q 2023). The decrease in margin was driven by higher expenses.\nEPS: US$0.53 (down from US$0.59 in 3Q 2023).\n\n\n\n\n  NasdaqGS:MTCH Earnings and Revenue Growth November 15th 2024\n \n\nAll figures shown in the chart above are for the trailing 12 month (TTM) period\nMatch Group EPS Beats Expectations\n Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 6.4%. \n Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Interactive Media and Services industry in the US. \nPerformance of the American Interactive Media and Services industry.\n The company's share price is broadly unchanged from a week ago. \nRisk Analysis\n It is worth noting though that we have found 2 warning signs for Match Group that you need to take into consideration. \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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