Match Group (MTCH) Q1 Earnings and Revenues Surpass Estimates

By Zacks4 days ago

Match Group (MTCH) came out with quarterly earnings of $0.67 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.01 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 45.65%. A quarter ago, it was expected that this media and internet company would post earnings of $0.54 per share when it actually produced earnings of $0.55, delivering a surprise of 1.85%.

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Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Match Group, which belongs to the Zacks Internet - Commerce industry, posted revenues of $667.61 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 2.60%. This compares to year-ago revenues of $1.23 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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