Streetbeat News

MTCH

Match Group, Inc.

https://www.mtch.com

Industry

Internet Content & Information

Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

Open

32.09

Mkt cap

Volume

24M

High

32.76

P/E Ratio

13.53

52-wk high

42.42

Low

30.61

Div yield

N/A

52-wk low

27.66

Disney has stopped allowing new or returning subscribers to sign up for Disney+ and Hulu through Apple's App Store, avoiding Apple's in-app purchase fees. This move aligns with Disney's strategy to boost streaming revenue through price hikes and a crackdown on password sharing. The decision reflects a broader trend of companies opposing Apple's payment policies.

Portfolio Pulse from Ananya Gairola

October 22, 2024 | 6:07 am

Wells Fargo analyst Ken Gawrelski has maintained an Equal-Weight rating on Match Group (NASDAQ:MTCH) but has lowered the price target from $38 to $35.

Portfolio Pulse from Benzinga Newsdesk

October 08, 2024 | 1:03 pm

Match Group has announced the appointment of Steven Bailey as the new CFO, effective March 1, 2025. Gary Swidler will transition out of his CFO role but will continue as the President of the company.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 8:34 pm

A U.S. judge has ordered Google to allow more competition in its app store, potentially impacting its business model and revenue from app store operations.

Portfolio Pulse from Benzinga Newsdesk

October 07, 2024 | 6:25 pm

KeyBanc Capital Markets analyst Justin Patterson downgraded Bumble Inc. (BMBL) due to weak app store data and financial outlook concerns. Despite potential acquisition interest, regulatory challenges could arise if Match Group (MTCH) attempts to acquire Bumble. Bumble's new features may disrupt its unique approach, and the company faces significant challenges in stabilizing its business.

Portfolio Pulse from Nabaparna Bhattacharya

September 27, 2024 | 8:02 pm

China's expanded stimulus measures, including issuing ¥2 trillion in government bonds and injecting ¥1 trillion into state-owned banks, are expected to benefit certain US-listed Chinese companies. These include Qifu Technology (QFIN), X Financial (XYF), Hello Group (MOMO), and PDD Holdings (PDD), which are anticipated to gain from the economic boost.

Portfolio Pulse from David Pinsen

September 27, 2024 | 1:21 pm

e.l.f. Cosmetics has partnered with Tinder to launch a limited-edition 'Put Your e.l.f. Out There' Vault Collection. This collaboration aims to combine beauty innovations with exclusive products to boost confidence and ease first-date jitters.

Portfolio Pulse from Benzinga Newsdesk

September 09, 2024 | 1:10 pm

The online dating industry experienced mixed Q2 results. Match Group's Tinder showed stability, while Bumble struggled, leading to a reduced revenue outlook. Hinge and Grindr outperformed with significant growth. JPMorgan analysts predict cautious optimism for future growth, emphasizing the need for innovation.

Portfolio Pulse from Surbhi Jain

September 04, 2024 | 12:18 pm

Leading dating apps like Tinder, Bumble, and Grindr are integrating AI tools to enhance user experience by generating conversation starters and building profiles. This move aims to combat user burnout and attract new users as these platforms face challenges in user growth.

Portfolio Pulse from Ananya Gairola

September 02, 2024 | 2:37 am

Elliott Management has increased its stakes in Match Group, Etsy, and Southwest Airlines, while also holding puts on U.S. Global Jets ETF and American Airlines. The activist fund is pushing for changes in these companies to improve performance.

Portfolio Pulse from Chris Katje

August 15, 2024 | 5:24 pm

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