Match Group: Buy The Post-Earnings Plunge
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Match Group's stock fell 18% after Q3 earnings, but its high profitability, Hinge's growth, aggressive buybacks, and low valuation make it attractive. Despite challenges with Tinder, strong free cash flow and activist investor involvement offer potential for value creation. Exiting the live streaming business is a positive move.
November 13, 2024 | 3:45 pm
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Match Group's stock dropped 18% after Q3 earnings, but its high profitability, Hinge's growth, aggressive buybacks, and low valuation make it attractive. Despite challenges with Tinder, strong free cash flow and activist investor involvement offer potential for value creation. Exiting the live streaming business is a positive move.
The 18% drop in stock price post-earnings presents a buying opportunity due to Match Group's high profitability, growth in Hinge, and aggressive buybacks. The exit from the live streaming business allows focus on core strengths, and activist investor involvement suggests potential for value creation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100