Match Group Inc Q2 2021 Earnings Call Transcript

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

Question: Cory Alan Carpenter - JPMorgan Chase & Co, Research Division - Analyst : I had one for Shar and one for Gary. For Shar, on the reopening, hoping you could expand a bit on what impact you're seeing to user behavior in markets like the U.S., where COVID and Delta are flaring up a bit recently. And then Gary, hoping you could talk about some of the puts and takes driving your expectation for Tinder revenue growth of close to 20% in the second half.

Question: Daniel Salmon - BMO Capital Markets Equity Research - Analyst : I jumped on a little bit late, so hopefully, this one wasn't covered. But I just wanted to follow-up on one of the comments in the letter, where you spoke about the HyperX group at Hyperconnect. Sounds like a little bit of a lab, and I'd love to learn just a little bit more about some of the products they're working on currently, about the group itself, maybe broad strategic goals, number of employees. And is that the type of thing that you see as new and incremental to Match that Hyperconnect brings as well?

Question: Shweta R. Khajuria - Evercore ISI Institutional Equities, Research Division - Analyst : Okay. Could you please help us understand the guidance for Hyperconnect piece? So at the time of acquisition, we were expecting about 40% to 50% growth. At revised guidance, it's likely less than that. You called a pullback from COVID. Any additional color? Is that just COVID? Is there a level of conservatism there? And then the follow-up to that is how are you expecting to manage costs so that Hyperconnect breakeven for the back half? But any additional color on the potential of EBITDA margins for that business would be great.