11/5/2020

speaker
Conference Operator
Call Moderator

Good morning and welcome to the Match Group third quarter 2020 earnings conference call. All participants will be in listen-only mode. Should you need assistance, please signal a conference specialist by pressing the star key followed by zero. After today's presentation, there will be an opportunity to ask questions. To ask a question, you may press star, then one on your telephone keypad. To withdraw your question, please press star, then two. Please note, this event is being recorded. I would now like to turn the conference over to Lance Barton, Senior Vice President of Corporate Development and IR. Please go ahead.

speaker
Lance Barton
Senior Vice President of Corporate Development and IR

Thank you, Operator, and good morning, everyone. Today's call will be led by CEO Char Dubé and CFO and COO Gary Swidler. We're all remote again for the third quarter in a row, so excuse any technical problems we may run into. Char and Gary will make a few brief remarks, and then we're going to open it up for questions. But 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 filed with the SEC. With that, I'd like to turn the call over to Char.

speaker
Char Dubé
CEO

Thank you, Lance. Good morning, and thank you all for joining the call today. I know there's a lot on everyone's minds this week, so I'm going to keep my remarks short. Also because our Q3 results speaks for itself. We're very happy to see the growth levels we saw across all our businesses, including the 23% increase in non-Tinder revenue. Hopefully it all reinforces what we've been saying for some time now. One, our products serve a fundamental need that isn't going to go away. We've been talking about a growth strategy that is based on a three-prong approach of one, growing Tinder, two, returning our legacy brands to growth, and three, making new bets that contribute to growth in a reasonably short timeframe. And hopefully Q3 results are a good illustration of the contributions of all of these three levers. We believe in a portfolio strategy because it's designed to help members across geographies, demographics, and intent because there is no one-size-fits-all dating product. And we understand this category in business well. Hopefully, we've demonstrated that both with growing assets we've acquired and brands we've incubated and grown. So even though there are uncertainties around new lockdowns in Europe and elections here in the U.S., and all of this could cause temporary dislocations, we generally feel very good about how we've navigated this year. And I'll take questions later, but first let me hand it over to Gary to give us a little more color on the financials.

Disclaimer

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