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

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

During Wednesday's intraday session, several communication services stocks experienced significant movements. Oriental Culture Holding (OCG), GDEV, LQR House (LQR), VS Media Holdings (VSME), Motorsport Games (MSGM), and Onfolio Holdings (ONFO) saw gains, while Lumen Technologies (LUMN), Starbox Group Hldgs (STBX), Match Group (MTCH), NextPlay Technologies (NXTP), Qwest Corporation 6.5% Notes due 2056 (CTBB), and Qwest Corporation 6.75% Notes due 2057 (CTDD) experienced losses. LUMN and MTCH's Q3 earnings were released yesterday.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 5:31 pm

Match Group Inc's shares fell after the company reported its Q3 results. The company's preliminary 2024 revenue guidance was slightly below expectations, and Q4 guidance was lower than expected due to geopolitical risk, FX, and macro factors. Tinder's direct revenue growth is expected to be around 11% y/y. Analysts from KeyBanc Capital Markets, Piper Sandler, RBC Capital Markets, and Truist Securities provided their insights on the company's performance and outlook.

Portfolio Pulse from Priya Nigam

November 01, 2023 | 4:26 pm

Match Group's shares are trading lower following the release of their Q3 financial results.

Portfolio Pulse from Benzinga Newsdesk

November 01, 2023 | 3:02 pm

In Wednesday's pre-market session, several communication services stocks saw significant movement. GDEV, SOPA, GPAK, LQR, HRYU, and TRKA stocks increased, while GDC, IHRT, BBGI, DUO, MTCH, and LUMN stocks decreased. The Q3 earnings reports for BBGI, MTCH, and LUMN were released recently.

Portfolio Pulse from Benzinga Insights

November 01, 2023 | 1:06 pm

Several US-listed companies including Paycom Software, Big 5 Sporting Goods Corporation, Yum China Holdings, Paycor HCM, Lexicon Pharmaceuticals, Match Group, Celestica, Zynex, and Advanced Micro Devices recorded losses in pre-market trading on Wednesday. This was due to various reasons such as worse-than-expected Q3 results, downgraded stocks, and issued FY23 revenue guidance below estimates.

Portfolio Pulse from Lisa Levin

November 01, 2023 | 10:17 am

Match Group, Inc. (NASDAQ:MTCH) reported Q3 earnings of 57 cents per share, beating the consensus estimate of 54 cents, and sales of $881.6 million, slightly above the estimate of $881.07 million. However, the company's shares traded lower in the after-hours session due to its Q4 revenue guidance, which is estimated to be between $855 million and $865 million, towards the lower end of the range provided a year ago. Direct revenue from Hinge and Tinder grew YoY, but Match Group Asia direct revenue declined 5% YoY to $77 million.

Portfolio Pulse from Ryan Gustafson

October 31, 2023 | 9:28 pm

Match Group and Google have reached a settlement in their lawsuit, with the $40 million in escrow being returned to Match Group. No further amounts will be owed by Match to Google for claims in the lawsuit until December 31, 2023. By March 31, 2024, Match Group's apps will implement Google's User Choice Billing, with standard rates of 15% on subscriptions and 30% on à la carte transactions for in-app transactions processed through Google's payment system, and 11% on subscriptions and 26% on à la carte transactions for in-app transactions processed through Match's payment systems.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:56 pm

Match Group has announced that it expects to deliver 2023 total revenue growth towards the lower end of the range it provided a year ago.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:53 pm

Match Group has projected its Q4 total revenue to be between $855M-$865M. This includes $27 million more in Q4 FX headwinds than anticipated during the last earnings call and a risk on approximately $7 million of quarterly revenue generated in Israel due to ongoing events. The outlook also reflects potential business deterioration due to weakening global macro conditions, including in the advertising business and on à la carte revenue at Tinder.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:52 pm

Match Group's Q3 report shows an 11% increase in Tinder's direct revenue and a 44% increase in Hinge's direct revenue.

Portfolio Pulse from Benzinga Newsdesk

October 31, 2023 | 8:48 pm

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