Matrimony.com braces for profit downturn in quarter three amidst ongoing Google billing dispute

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While exact financial details remain undisclosed due to the sensitivity of the ongoing litigation, Pai noted that the profitability would have been at least 300 basis points higher in terms of PAT margin if not for the Google service fee.

The conflict with Google emerged after the tech giant mandated all app developers, including Bharat Matrimony, to use its Google Play Billing System (GPBS) for transactions, levying a commission of 15 to 30%. The petitioners, including Bharat Matrimony, approached the Madras High Court seeking an injunction against Google's billing system.

In the second quarter, Matrimony.com's consolidated profit grew 7%, reaching ₹12.5 crore from ₹11.7 crore in the same period last year. The consolidated revenue from operations saw a 6% increase, reaching ₹121.59 crore from ₹114.86 crore a year ago.

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Despite the ongoing dispute impacting short-term financials, Matrimony.com remains focused on its core business, with about 98% of its revenue stemming from matchmaking services under BharatMatrimony. The company continues to navigate the legal complexities, emphasizing the significance of the issue for the broader app development community.

The firm's market capitalisation stands at ₹1,286 crore.

(results inputs from PTI)

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