Match Group, Inc. (NASDAQ:MTCH) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET

Company Participants

Tanny Shelburne - Senior Vice President, Investor Relations
Bernard Kim - Chief Executive Officer
Gary Swidler - President and Chief Financial Officer

Conference Call Participants

Nathan Feather - Morgan Stanley
Jason Helfstein - Oppenheimer
Youssef Squali - Truist Securities
Dan Salmon - New Street Research
Ken Gawrelski - Wells Fargo
Chris Kuntarich - UBS
Justin Patterson - KeyBanc
Cory Carpenter - JPMorgan
Ygal Arounian - Citigroup
Shweta Khajuria - Wolfe Research
Benjamin Black - Deutsche Bank
Curtis Nagle - Bank of America

Operator

Welcome to the Match Group Second Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today's presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Tanny Shelburne, Senior Vice President of Investor Relations. Please go ahead.

Tanny Shelburne

Thank you, operator, and good morning, everyone. Today's call will be led by CEO, Bernard Kim; and President and CFO, Gary Swidler. They'll make a few brief remarks and then we'll open it up for questions.

Before we start, I need to remind everyone that during this call, we may discuss our outlook and future performance. These forward-looking statements may be preceded by words such as we expect, we believe, we anticipate or similar statements.

These statements are subject to risks and uncertainties and our actual results could differ materially from the views expressed today. Some of these risks have been set forth in our earnings release and our periodic reports with the SEC.

With that, I'd like to turn the call over to BK.

Bernard Kim

Thank you, Tanny. Good morning, and thank you all for joining today's call. Overall, we are pleased with our Q2 results and the progress we have made across our portfolio. Over my two years, it feels like currents are finally flowing with us and we have key elements working in our favor across the company.

This is the beginning of a broader transformation as Tinder continues to show stabilization. Hinge is a rocket ship, expanding rapidly. Azar continues to perform strongly and marketing at Pairs has driven user strength and we're executing on a number of great initiatives throughout the entire company.

Over the last several quarters, Tinder has been working hard to improve the user experience, and we're now starting to see initial signs of progress. User and payer trends are stabilizing, and we expect them to continue to improve from here. We expect strong sequential payer growth in Q3 and better year-over-year MAU trends in the second half of the year.