Match Group, Inc. (NASDAQ:MTCH) shares dropped 5% on Thursday following the company’s disappointing Q4 results, with EPS coming in at ($0.60), significantly lower than the consensus estimate of $0.53. Revenue was $806 million, compared to the consensus estimate of $818.29 million.

The company expects Q1/22 revenue in the range of $790-800 million, compared to the consensus estimate of $835.75 million, reflecting the ongoing effects of both Omicron and some incremental FX headwinds.

According to the analysts at RBC Capital, the path forward looks much cleaner & clearer with guidance appearing to have been set conservatively. A fuller re-opening, Hyperconnect improvement and likely Hinge upside all point to likely upside.