Q1 2025 Matrimony.Com Ltd Earnings Call Transcript
Key Points
- Matrimony.com Ltd (NSE:MATRIMONY) is exploring new business initiatives beyond the matrimony field, leveraging over two decades of experience in the consumer intent space.
- The company is strengthening its processes and offerings in personalized services, which have started showing traction.
- Despite a decline in revenue growth, profit after tax increased on a quarter-to-quarter basis due to efficient operations and marketing optimization.
- The company launched MeraLuv.com, an exclusive dating app for Indian Americans in the US, which is expected to drive growth.
- EBITDA margin for the matchmaking business improved to 22.6% in Q1 FY25 from 19.1% in the previous quarter.
- Matrimony.com Ltd (NSE:MATRIMONY) experienced a decline in year-on-year revenue growth for the first time in many years.
- Billing for the matchmaking business declined by 2.5% quarter-over-quarter and 4.8% year-on-year.
- The number of paid subscriptions decreased by 1.8% quarter-over-quarter and 5.6% year-on-year.
- Revenue from the marriage services business saw a significant year-on-year decline of 27.7%.
- The company expects a slight decline in matchmaker revenues on a quarter-to-quarter and year-on-year basis in Q2 FY25.
Ladies and gentlemen, good day, and welcome to the Matrimony.Com Q1 FY25 conference call. (Operator instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Abhisek Banerjee from ICICI Securities. Thank you and over to you, sir.
Hello, everyone. Thank you for joining in. On behalf of ICICI Securities, I would like to welcome all of you to the Q1 FY25 earnings call of Matrimony.Com. From the company we have Mr. Murugavel Janakiraman, Managing Director and CEO, and Mr. Sushanth Pai, the CFO.
Over to you Mr. Murugavel. Please proceed with your opening remarks. Thanks.
Thank you Abhisek. Good evening everyone. For the first time in many years, we had a decline in YoY revenue growth, year on year revenue growth, but growth was flattish on a quarter-to-quarter basis. The main difference was top of the
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