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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

Bumble Inc's CEO Whitney Wolfe Herd is stepping down and will be succeeded by Slack's CEO Lidiane Jones on Jan. 2, 2024. Jones, who has worked at Microsoft, Sonos, and Salesforce, is taking over at a time when the dating app market is losing steam. However, she plans to leverage AI technology to enhance connections and community-building within the Bumble platform. Bumble shares have been trading higher since the announcement.

Portfolio Pulse from Surbhi Jain

November 08, 2023 | 6:30 pm

Match Group Inc's (MTCH) shares are trading higher by 4.2% following the company's Q3 financial results. The company reported earnings of 57 cents per share, surpassing the expected 54 cents, marking a 29.55% YoY increase. Quarterly sales were $881.6 million, slightly higher than the analyst estimate of $881.07 million, demonstrating an 8.9% YoY growth. However, the company’s preliminary 2024 revenue guidance was slightly below expectations, and the Q4 guidance came in lower due to geopolitical risk, FX and macro factors.

Portfolio Pulse from Henry Khederian

November 07, 2023 | 4:14 pm

Bumble Inc. (NASDAQ:BMBL) founder and CEO, Whitney Wolfe Herd, has announced her resignation after ten years. She will become the company's executive chair, with Lidiane Jones, current CEO of Slack, set to replace her. The news comes during a challenging time for online dating platforms, with Match Group (NASDAQ:MTCH) experiencing a slowdown in user growth and revenue, leading to a 36% drop in its stock value this year. Jones' experience at Salesforce Inc. (NYSE:CRM) and Microsoft Corp. (NASDAQ:MSFT) could help Bumble remain competitive.

Portfolio Pulse from Rounak Jain

November 07, 2023 | 12:37 pm

Susquehanna analyst Shyam Patil maintains a positive outlook on Match Group (NASDAQ:MTCH), but has lowered the price target from $55 to $39.