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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

31.40

Mkt cap

7.7B

Volume

3.6M

High

31.43

P/E Ratio

13.77

52-wk high

42.42

Low

30.66

Div yield

N/A

52-wk low

27.66

Match Group (NASDAQ:MTCH) reported Q4 2023 earnings of $0.81 per share, surpassing the consensus estimate of $0.49 by 65.31%. Quarterly sales reached $866.00 million, slightly beating estimates of $861.22 million and marking a 10.16% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:13 pm

Match Group (NASDAQ:MTCH) reported Q4 sales of $866.00M, surpassing the analyst consensus estimate of $861.22M by 0.56%. This represents a 10.16% increase compared to $786.15M in sales during the same period last year.

Portfolio Pulse from Benzinga Newsdesk

January 30, 2024 | 9:12 pm

A list of companies are scheduled to report their earnings on January 30, 2024, with expectations for their quarterly earnings per share (EPS) and revenue. The list includes a mix of projected profits and losses across various industries. Notable companies include Pfizer with an expected quarterly loss and tech giants like Alphabet and Microsoft anticipating earnings.

Portfolio Pulse from Benzinga Insights

January 30, 2024 | 10:08 am

RBC Capital Markets analysts favor Amazon (AMZN) and Meta Platforms (META) ahead of tech earnings reports, maintaining outperform ratings and price targets of $180 for AMZN and $400 for META. They expect AMZN to beat Q4 expectations with revenue growth and are looking for acceleration in AWS, despite concerns about Microsoft's market share. META is also expected to surpass earnings expectations with its Advantage+ offering driving growth. Alphabet (GOOGL) is anticipated to slightly miss Q4 earnings expectations but may benefit from YouTube, Cloud, and margins in 2024. Match Group (MTCH) is predicted to miss earnings expectations, with Hinge's performance potentially offsetting challenges from Tinder.

Portfolio Pulse from Neil Dennis

January 29, 2024 | 7:02 pm

UBS analyst Kunal Madhukar has maintained a Neutral rating on Match Group (NASDAQ:MTCH) and increased the price target from $35 to $38.

Portfolio Pulse from Benzinga Newsdesk

January 26, 2024 | 5:03 pm

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.

Portfolio Pulse from Benzinga Newsdesk

January 25, 2024 | 7:56 pm

Apple Inc (AAPL) is overhauling its App Store in Europe to comply with the EU's Digital Markets Act, set to take effect on March 7. The changes will allow alternative app stores and payment methods, and introduce a new menu for browsers. This has caused shares of companies like Roblox (RBLX), Spotify (SPOT), and Match Group (MTCH) to rise, while Apple's shares fell by about 1%.

Portfolio Pulse from Adam Eckert

January 25, 2024 | 7:35 pm

Meta Platforms (NASDAQ:META) and CEO Mark Zuckerberg are accused in a lawsuit by the New Mexico Department of Justice of failing to protect children's safety on its platforms, including Facebook and Instagram. The unsealed documents allege that Meta was aware of inappropriate content and may have marketed to children, prioritizing growth over safety. Meta responded, emphasizing its commitment to child safety and claiming the complaint used selective quotes. The lawsuit is one of several legal challenges Meta faces, with implications for its reputation and regulatory scrutiny.

Portfolio Pulse from Chris Katje

January 18, 2024 | 8:29 pm

Meta Platforms Inc (META) is criticized by Walmart Inc (WMT) and Match Group Inc (MTCH) for placing their ads next to content sexualizing underage users on Facebook and Instagram. Match Group's CEO contacted Meta's CEO directly, and Walmart demanded immediate action. The issue follows a report on Instagram's algorithms promoting a 'vast pedophile network.' Meta is facing legal challenges and internal concerns over encryption potentially hindering the detection of child abuse. META stock is up 0.05% premarket.

Portfolio Pulse from Anusuya Lahiri

January 11, 2024 | 4:52 pm

Match Group, Inc (NASDAQ:MTCH) stock is trading higher after Elliott Investment Management acquired a $1 billion stake in the company. Elliott plans to engage with Match Group to discuss strategies for improving performance. Match Group, which owns Tinder, Hinge, OkCupid, and Plenty of Fish, has faced challenges such as a decline in paying users, causing its stock value to dip. Despite this, Match Group has seen revenue growth, with Tinder generating $1.8 billion in 2022. The company remains optimistic about its long-term plans, including Hinge's potential to reach $1 billion in revenue. Match Group's stock outperformed Bumble Inc (NASDAQ:BMBL) and Grindr Inc (NYSE:GRND) last year, losing less value.

Portfolio Pulse from Anusuya Lahiri

January 09, 2024 | 4:16 pm

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