Match Group sees FY23 revenue up 5%-10% y/y, consensus $3.44B

The company said: "For full year 2023, we reaffirm our focus on delivering 5% to 10% year-over-year growth, in both Match Group Total Revenue and Tinder Direct Revenue. We expect our year-over-year top-line growth to gradually accelerate from Q4 2022 levels, reaching double digits by Q4 2023. We expect Hinge to deliver nearly $400 million of Direct Revenue in 2023." It added: "We expect to incur ~$6 million of severance and similar costs in 2023 related to our cost savings initiatives. We expect margins to show year-over-year improvement in the second half of the year as revenue growth accelerates and cost savings are realized."