3 Match Group Analysts On Q2 Earnings: Tinder's Turnaround Story Is The Highlight Of The Quarter
Portfolio Pulse from AJ Fabino
Match Group Inc (NASDAQ:MTCH) reported Q2 earnings of 48 cents per share, beating estimates of 45 cents. Total revenues were around $830 million, a 4% increase, ahead of the $811 million consensus estimate. The company raised its Q3 outlook, expecting revenues between $875 million and $885 million. Analysts from KeyBanc, RBC, and Truist gave positive feedback on the earnings report, highlighting the performance of Tinder and Hinge.
August 04, 2023 | 11:57 am
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POSITIVE IMPACT
Match Group's Q2 earnings beat estimates and the company raised its Q3 outlook. Analysts highlighted the performance of Tinder and Hinge.
Match Group's better-than-expected Q2 earnings and raised Q3 outlook are positive news for the company. The strong performance of Tinder and Hinge, as highlighted by analysts, also contributes to the positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100