Match Group Inc at Goldman Sachs Communacopia & Technology Conference Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. So maybe let's start big picture. For those who are less familiar with the story, can you touch upon the array of dating apps inside your portfolio and talk about some of the milestones you've been working towards as we progressed over the last 12 months?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. A lot to mine there, and I think we're going to go down all of those themes as we talk. But maybe first, keep it a big picture for us. I think probably one of the biggest questions we continue to get is around market opportunity. You've talked about the long run rate for growth that you see in the online dating market. How do you, as a company frame the opportunity from here relative to maybe some of the perceptions that are out there in the investment community?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. So sticking with that theme, you have seen stable to improving MAU trends at Tinder. Maybe talk a little bit about the key drivers behind that improved performance and how investors should think about the product road map at Tinder going ahead?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Maybe one last one on Tinder and sticking with this team. With Tinder -- I'm sorry, with Tinder ALC is what I wanted to follow up on next. Is there anything specific you'd call out in terms of what's driving performance around that with respect to the Tinder brand?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. Understood. Let's turn to Hinge, where you continue to see strong user growth. Talk a little bit about the building blocks of getting to $1 billion of revenue for Hinge. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2024 / 4:30PM, MTCH.OQ - Match Group Inc at Goldman Sachs Communacopia & Technology Conference

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. Maybe following up on some of the point you made a little bit earlier, but going a little bit deeper with respect to reallocating resources at Hyperconnect into capitalizing at growth. at Azar. How do you plan on thinking about supporting growth there, reallocating resources? And how does that show up in terms of the broader portfolio at Match?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. So super clear, reallocating resources, focusing on AI, touching pretty much all aspects of the user journey and the user experience. REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2024 / 4:30PM, MTCH.OQ - Match Group Inc at Goldman Sachs Communacopia & Technology Conference

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Fine point on it. Okay. Great. I wanted to sort of turn to the emerging brands. You talked a little bit about a few of them before. You recently launched Yuzu and highlighted strong engagement on the app. Can you talk about that app in particular? What's driving that? And how should investors be thinking about market opportunity, growth opportunity around some of these emerging brands?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. Understood. Maybe pivoting to cost savings. So you talked a little bit before about re-platforming and putting collections of brands on one tech stack. You also talked about exiting live streaming and reallocating resources. How should we think about within the prism of some of those resources will reallocate it, but other elements of that can yield cost savings to the organization?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. Sticking with the theme of your resources and the portfolio. Maybe talk a little bit about your marketing strategy right now and how are you thinking about new user acquisition across your brands?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. Understood. So we've talked a lot so far and we're coming towards the end of our time. But maybe just put a finer point first, on the key investment priorities for the company. When you think about the remainder of this year and then looking out towards beyond just 2024, what are those key investment priorities?

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. We're building on that answer, which focused on investing in the business. Maybe talk to us a little bit about your broader capital allocation priorities through the prism of investing in the business, the potential for M&A and then obviously the potential to return capital to shareholders.

Question: Eric Sheridan - Goldman Sachs & Company, Inc. - Analyst : Okay. So let's end on looking forward. So when you think about the next 12 to 18 months, we were sitting here having this conversation a year from now, maybe 2-part question. Number one, what are you focused on in terms of milestone goals like where the company wants to go over that period over the next 12 to 18 months? And if we were sitting here a year from now, what you would be thinking back might surprise people with respect to the industry in the next 12 months? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. SEPTEMBER 10, 2024 / 4:30PM, MTCH.OQ - Match Group Inc at Goldman Sachs Communacopia & Technology Conference