Hinge Called A ‘Standout’ As Match Group Stock Price Falls After Q4’21 Financial Results Announced

The stock price of Match Group has fallen further since the announcement of their Q4 2021 financial results. The stock is currently down 5.11% since the announcement, and is also down 25% over the past six months.

However, Match Group also called out Hinge as “the standout” of the “emerging” dating brands currently under its umbrella. Hinge saw its revenue more than double during 2021 to reach $197 million and the company witnessed a “material acceleration” in downloads during the fourth quarter.

The company reported a fourth-quarter GAAP net loss of $168.6 million, or 60 cents a share, whereas it earned $149.0 million, or 50 cents a share, in the year-prior quarter.

Match’s revenue rose to $806.1 million from $651.4 million, while analysts tracked by FactSet had been expecting $819.9 million. The company had 16.2 million “payers” in the quarter.

Within the earnings letter, Match Group said: “While we were able to deliver strong top-line growth in the fourth quarter, we did experience continuing COVID impacts, especially in certain Asian markets, like Japan, and more recently due to the emergence of omicron, which reduced mobility in many markets starting in early December.”

For 2022, Match expects total revenue growth of 15% to 20% on a year-over-year basis. “That’s a slightly more conservative outlook than we previously provided,” the company acknowledged in its earnings letter, given expected pressures from foreign exchange and the omicron variant.

For the first quarter, Match projects $790 million to $800 million in revenue, while the FactSet consensus was for $835 million.