=Match Group (MTCH) reported earnings on Tue 2 May 2017 (a/h)

Match Group misses by $0.01, rev above guidance; guides Q2 revs below consensus; reaffirms FY17 guidance; announces 6 mln share buyback :

• Reports Q1 (Mar) earnings of $0.12 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.13; revenues rose 14.8% year/year to $299 mln vs the $301.93 mln Capital IQ Consensus. Note co guided for rev of $287-297 mln, but some estimates seem to include the Princeton Review, which the company divested. EBITDA $86.2 mln vs. $75-80 mln guidance.
• Average PMC grew 16% to 5.9 million over the prior year quarter. Tinder added 227K Average PMC sequentially (14%) to 1.858 mln As reported Total ARPPU down by $0.002 ? Total ARPPU up ~1% YoY, on a constant-currency basis
• Co issues downside guidance for Q2, sees Q2 revs of $303-313 mln vs. $318.16 mln Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY17, sees FY17 revs of $1.26-1.305 bln vs. $1.3 bln Capital IQ Consensus; EBITDA $450-470 mln. First half consistent with expectations with some marketing shift between quarters. Revenue growth more back-end loaded, driven by timing of marketing spend, upcoming Tinder monetization features and increasing ad revenue. Marketing spend down meaningfully YoY in Q1, but ramping on a YoY basis through remainder of 2017 to be up meaningfully in Q4.  
• The Board authorized a share repurchase program of up to 6 million shares of common stock.