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Our platform of apps enables people to connect and build healthy and equitable relationships on their own terms. We also have extended our platform beyond online dating into healthy relationships in other areas of life, such as friendships.
The business is unprofitable at the operating level (-83.44% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue declined 9.9% YoY. Margins deteriorated 18.1pp alongside, both lines moving the wrong way.
ROIC dropped from -29.72% to -48.53%, capital efficiency is deteriorating. Operating margin contracted 18.1pp YoY, cost discipline may be slipping.
Profitability & Returns
Revenue (TTM)
$931M
▼ -9.9% YoY
Net Income (TTM)
-$661M
▼ -24.4% YoY
Op. Margin
-84.34%
▼ -18.1pp YoY
ROIC
-51.01%
▼ -18.8pp YoY
Cash Flow & Balance Sheet
FCF
N/A
Op. Cash Flow (TTM)
$284M
▲ +102.8% YoY
Net Debt
$352M
Cash & Equiv.
$246M
5Y CAGR: +12.3%
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