ICICI Direct: Matrimony.com’s Healthy Billing Growth Provides Revenue Visibility
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ICICI Direct Report
Matrimony.com Ltd.’s revenues increased 7.5% QoQ (up 1.1% YoY) mainly led by 7.6% QoQ growth (up 4.6% QoQ) in matchmaking services (led by 25.7% YoY growth in paid subscribers).
Ebitda margins were flat QoQ (up 250 basis points YoY) at 17.7%. Net profit increased 9.6% QoQ (up 31.2% YoY) to Rs 10.3 crore.
Billing increased 18.5% QoQ (9.7% YoY) mainly led by 18.5% QoQ (13.5% YoY) growth in matchmaking services.
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