Evercore ISI Says Apple Fee Change Could Present 5% Or More Upside To Match Group 2024 Adj. Operating Income
Portfolio Pulse from Benzinga Newsdesk
Evercore ISI has indicated that a change in Apple's fee structure could potentially lead to a 5% or more increase in Match Group's adjusted operating income for 2024. This assessment suggests that Match Group (MTCH) could benefit financially from the adjustments made by Apple.
January 25, 2024 | 7:56 pm
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Match Group could see a significant positive impact on its adjusted operating income for 2024, as suggested by Evercore ISI, due to changes in Apple's fee structure.
The analysis by Evercore ISI directly relates to Match Group's financial performance, specifically its adjusted operating income. A 5% increase is significant and could lead to positive investor sentiment in the short term, potentially driving the stock price up.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 90