Match Group beats by $0.05, reports revs in-line; guides Q1 and FY17 light, impacted by strong dollar (17.37 -0.09)
- Reports Q4 (Dec) earnings of $0.29 per share, excluding non-recurring items, $0.05 better than the Capital IQ Consensus of $0.24; revenues rose 19.5% year/year to $319.7 mln vs the $320.83 mln Capital IQ Consensus.
- Tinder paid subs (PMC) +119% to 1.76 mln; total PCS +19% to 5.7 mln.
- Sees Dating Q1 revs of $287-297 mln, light vs ests.
- Sees FY17 revs of $1.26-1.305 bln, a little light vs. ests; adj. EBITDA of $450 to $470 million, with margins in line with FY 2016; natural margin expansion being constrained in FY 2017 primarily by long-term investments in Tinder ROW marketing.
- Outlook reflects impact of USD appreciation since Q3 earnings call
- PMC 15+% growth in Total Average PMC Monetization; Flat ARPPU in North America; International ARPPU down slightly primarily due to F/X