MATCH GROUP Reports FY2022 Q4 Earnings Results For December 31 2022.

Earnings Overview

On January 31 2023, MATCH GROUP ($NASDAQ:MTCH) announced their earnings results for FY2022 Q4 which ended on December 31, 2022. The company reported a total revenue increase of 150.2% compared to the same quarter of the previous year, reaching USD 84.6 million, while net income declined by 2.5%, amounting to USD 786.1 million.

Price History

MATCH GROUP reported its fourth quarter earnings results for the period ending December 31, 2022 on Tuesday. Overall, the company reported a positive quarter, with stock prices up 3.3% from the previous closing price of $52.4. At the opening of trading on Tuesday, MATCH GROUP stock opened at $52.5 and closed at $54.1 by the end of the day.

This was a strong indication of the market confidence in the company’s FY2022 outlook and performance. Despite some economic uncertainty due to the pandemic, MATCH GROUP was able to maintain and grow its overall market share. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Match Group. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Match Group. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Match Group. More…

Key Ratios Snapshot

Some of the financial key ratios for Match Group are shown below. More…

Analysis

At GoodWhale, we have conducted a detailed analysis of MATCH GROUP‘s fundamentals to help our clients make informed decisions. Our assessment reveals that the financial and business risk associated with this investment is high. We have identified four risk warnings within MATCH GROUP’s income statement, balance sheet, cashflow statement and non-financial aspects. We invite you to register with us to review these risk warnings in greater detail. Our thorough assessment will give you the confidence and peace of mind you need to make an informed decision. More…

Peers

– Baltic Classifieds Group PLC ($LSE:BCG)

Baltic Classifieds Group PLC is a leading digital classifieds business in the Baltic and Nordic region. The company operates some of the region’s most popular and successful websites, including Skelbiu, Osta.ee and City24. It has a market capitalization of 670.58M as of 2022. Its Return on Equity (ROE) is 4.84%, which is an indicator of the company’s performance and ability to generate profits from its shareholders’ investments. The company continues to grow through acquisitions and expansion into new markets, as well as developing new products and services for its customers.

– Bylog Group Corp ($OTCPK:BYLG)

Darelle Online Solutions Inc is a software development and technology consulting firm headquartered in California. It has a market cap of 552.81k as of 2022, which reflects its financial performance and potential for further growth. The company’s Return on Equity (ROE) stands at 11.04%, which is an impressive figure that highlights the efficiency of capital management within the firm. Darelle Online Solutions Inc specializes in offering IT solutions to organizations in the fields of e-commerce, automation, analytics, cloud computing, and more. The company has a talented and experienced team of specialists that are dedicated to providing high-quality services and products.

Summary

MATCH GROUP, a leader in the online dating industry, recently released their financial results for Q4 FY2022, showing strong year-over-year revenue growth of 150.2%. Despite a slight decrease of 2.5% in net income to USD 786.1 million, investors have responded positively to the results, pushing the stock price upwards on the same day. Analysts view this as a sign of optimism for the future prospects of the company and its ability to continue to generate strong revenues and profits. With its wide range of user base and products, MATCH GROUP is well positioned to capture additional growth from the growing digital dating market.