Match Group Q3 Earning Call Highlights

OPW – Nov 6 – Yesterday, the Match Group announced Q3 financial results. Revenue was up 18% YOY ($640M). Operating income was $200M, up 14% YOY.

Average Match Group subscribers reached 10.8M, up 12% YOY. North American average subscribers grew 9% YOY, and international subscribers grew 16%.
Tinder's average subscribers increased a little over 900K YOY, 16% growth.
Tinder's developed markets are performing well, but in India and parts of Latin America and Southeast Asia, the virus is still impacting Tinder users.
23% YOY direct revenue growth at the non-Tinder brands in Q3. These brands added ~275K average subscribers YOY.
Solid live streaming revenue growth at Plenty of Fish.
Newer brands like Chispa and BLK are contributing significant revenue growth. Hinge has been the standout this year, with 82% year-to-date growth in downloads and outstanding progress on monetization. Collectively, these new and emerging brands, including Pairs, grew 88% in the Q3.
For Q4, Match Group expects total revenue of $640M to $650M, which would represent 17% to 19% YOY growth.
Hinge monetization efforts made this year have worked (launch of Standouts and Roses – similar to Super Like on Tinder)
Tinder Platinum is being tested in 10 markets, plans to roll it globally by the end of the year.
Match Group launched a new brand Upward which is targeted to the Christian community in the U.S.