Business
Match Group Hosts First Investor Day, Announces Initiation of Dividend, New Share Buyback Authorization
Company to Present Insight into Strategic Priorities, Vision for the Future, and Medium-Term Financial Outlook Announces the Initiation of Quarterly Dividend
About this update from Match Group, Inc.
[{"type":"text","content":"Company to Present Insight into Strategic Priorities, Vision for the Future, and Medium-Term Financial Outlook\nAnnounces the Initiation of Quarterly Dividend of $0.19 Per Share and $1.5 Billion Share Buyback Authorization\nDALLAS, Dec. 11, 2024 /PRNewswire/ -- Today, Match Group (NASDAQ: MTCH) will host its inaugural Investor Day, with executives outlining the Company's strategic priorities and vision for the future, along with its medium-term financial outlook, capital allocation priorities, and total shareholder return algorithm. In conjunction with Investor Day, the Company announced initiatives to return capital to shareholders, including initiation of a cash dividend program and a new $1.5 billion share buyback authorization.\n\n \n \n \n \n \n \n\n \nA livestream of the event and presentation materials will be available starting at 9:00 a.m. Eastern Time (ET) today on the Match Group Investor Relations website: https://ir.mtch.com.\nThe day's sessions will include presentations from Match Group CEO Bernard Kim, President and CFO Gary Swidler, Chief Technology Officer Will Wu, and incoming CFO Steven Bailey, and will feature detailed presentations on Match Group's industry-leading portfolio of brands from their respective leaders, including Tinder CEO Faye Iosotaluno, Hinge CEO Justin McLeod, Evergreen & Emerging CEO Hesam Hosseini, and MG Asia CEO Malgosia Green, as well as a question and answer session. \n\"Match Group stands as the clear leader in our industry, powered by a diverse portfolio of iconic brands,\" said Bernard Kim. \"Today, we're excited to showcase our strategy and vision to drive innovation – particularly through the use of AI and cutting-edge technology – to redefine dating and propel Match Group to its next chapter of growth. Our dividend announcement and additional buyback authorization underscore our confidence in the strength and durability of our business model and cash flow generation, and our commitment to delivering consistent, long-term value for shareholders.\"\nInitiation of Quarterly Dividend Program; Authorization of Repurchase Program \nMatch Group has consistently prioritized returning capital to its shareholders in a predictable manner. The Company intends to return at least 100% of free cash flow to its shareholders over the next three years through a combination of payment of a quarter...