For 2025, Match sees LSD grown FXN ex-Live/Hakuna, with MSD growth in 2026 and MSD to HSD revenue growth in 2027. Match sees AOI margin expanding 50-100bps in 2025 and 2026, with a 39% AOI margin in 2027. Sees 2025 free cash flow of nearly $1B, with $1B of free cash flow in 2026, and $1.1B in 2027. Comments taken from the company’s Investor Day event.
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