Match Group, Inc

MTCH NASDAQ
MTCH
Match Group, Inc NASDAQ
 
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Upcoming Earnings
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Important events

May 042022

Match Group breaks up with its CEO

Investors are wondering if the honeymoon period is over for Match Group after seeing the fire in its earnings report peter out, but perhaps a new CEO can inject the passion back into the brand.

  • Shares flopped down over 6% in extended trading despite Q1 beating marginally on both ends with EPS of $0.60 on revenues that grew 20% to hit $799m – the group posts 20% growth pretty consistently, which you’d think would be enough to please investors, but customer growth is losing its charm.
  • The dating brand reported a 13% increase in paying customers to come in at 16.3m, which sounds like a good thing, but represents slowing QoQ growth, however marginal. It could have something to do with continuing lockdowns in regions like Asia, or maybe people are enjoying dating IRL after covid, but either way it's a concerning trend.
  • Match is giving its exec team a makeover, dumping CEO Shar Dubey and replacing her with someone who's more their type on paper – the President of video-game maker Zynga, Bernard Kim. The company still missed outlook estimates though, calling for Q2 revenue of up to $810m, so apparently it’ll take some time to turn things around.
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Feb 032022

Q4 makes a love match

Match Group introduces its fourth quarter to the market, and despite a few red flags it looks like the pair have hit it off.

  • The stock felt butterflies as prices fluttered up 5.3% on Wednesday to fully recover from last week’s tech sell-off, even after dipping 5% in pre-market trading.
  • It came despite earnings missing on both ends with LPS of $0.60 on revenues of $806.1m. It did see a 15% increase in paying users, and Hinge showed off by doubling its revenue to $200m.
  • Covid is a date downer, and it’s hanging around like bad breath. It’s expecting Q1 revenue of $790m, down from Q4 and missing expectations – investors looked past that as they considered the possibilities of virtual dating and a global slowdown in Omicron.
See all reported financials
René Porter / Unsplash
Sep 082021
❤️

Love is in the air

Match.com is up over 7% on the thrill of a new romance as the S&P 500 swipes right on the company and officially adds it to the index.

Investors of Tinder's parent company Match.com got hearts (or dollar signs) in their eyes on Tuesday morning on the back of a highly coveted inclusion into the S&P 500 Index, which represents the largest publicly traded corporations in the U.S.

Match.com owns a big chunk of the most popular dating apps in the U.S. including Tinder, OkCupid, Hinge, and about 40 others. As of market close last week, Match.com boasted a market cap of over $41 billion. The addition is a big deal for the romance-related company because the stock becomes a must-buy for anyone tracking the index – which a lot of people do considering it's one of the most widely followed in the country.

Match.com spun off from IAC/InterActiveCorp in July last year, and since then its stock has lifted just under 60%. Prices ended the day up 7.54% at $159.36.