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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 shares are trading higher after the company reported better-than-expected Q2 revenue results and issued strong Q3 revenue guidance.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:42 pm

Match Group, Inc. (NASDAQ:MTCH) shares rose after reporting strong Q2 results. The company posted earnings of 48 cents per share, matching analyst estimates, and sales of $864 million, beating expectations. Hinge's revenue surged 48%, while overall revenue increased by 4.15% year-over-year. Despite a 5% decline in payers, revenue per payer increased by 9%. CEO Bernard Kim highlighted positive trends for Tinder and expects further improvements in Q3.

Portfolio Pulse from Erica Kollmann

July 30, 2024 | 8:36 pm

Match Group has announced its Q3 2024 revenue forecast to be between $895 million and $905 million, surpassing the estimated $856.4 million.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:28 pm

Match Group (NASDAQ:MTCH) reported Q2 2024 earnings per share of $0.48, meeting analyst expectations. The company also reported sales of $864.00 million, surpassing the $856.40 million estimate and marking a 4.15% increase from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

July 30, 2024 | 8:13 pm

Tech stocks experienced a significant drop ahead of key earnings reports and the Federal Open Market Committee meeting. Nvidia fell over 6%, impacting the semiconductor sector and the iShares Semiconductor ETF. CrowdStrike hit an 8-month low after Delta Air Lines sought compensation for an outage. Microsoft, Apple, Alphabet, and Meta also saw declines. The Nasdaq 100 dropped 1.5%, while the S&P 500 fell 0.8%. The iShares Russell 2000 ETF outperformed tech stocks. Treasury yields remained steady, and gold edged up.

Portfolio Pulse from Piero Cingari

July 30, 2024 | 5:43 pm

Nasdaq and S&P futures rise as traders anticipate earnings from Microsoft and AMD, and the Federal Reserve's rate-setting meeting. Positive sentiment is driven by expectations of rate cuts in September. Key companies reporting earnings include Microsoft, AMD, and others. F5, Inc. jumps in premarket trading, while Rambus, Lattice Semiconductor, and others decline.

Portfolio Pulse from Shanthi Rexaline

July 30, 2024 | 11:27 am

The upcoming week is crucial for tech stocks as major companies like Apple, Amazon, Microsoft, and Meta are set to report their earnings. Last week's earnings were mixed, with Tesla, Alphabet, and STMicroelectronics disappointing investors. However, IBM saw positive reactions due to strong AI bookings. Analysts are optimistic about the tech sector's future, especially with significant AI investments expected. The Invesco QQQ Trust and SPDR S&P 500 ETF Trust showed mixed performance last week.

Portfolio Pulse from Shanthi Rexaline

July 29, 2024 | 10:25 am

Match Group's BLK teams up with GIPHY to launch 'BLKmojis' on World Emoji Day, aiming to provide culturally representative emojis for the Black community. This initiative highlights the importance of diversity and inclusivity in digital spaces.

Portfolio Pulse from Surbhi Jain

July 17, 2024 | 1:00 pm

Jim Cramer provided insights on various stocks during CNBC's 'Mad Money Lightning Round.' He recommended holding Match Group due to activist investor involvement, expressed preference for Palo Alto Networks over Fortinet, and highlighted Linde as a better-run company compared to Air Products. Cramer also commented on Sarepta Therapeutics, BJ's Wholesale, Toast, Teva Pharmaceutical, and Viking Therapeutics.

Portfolio Pulse from Avi Kapoor

July 17, 2024 | 12:55 pm

The Dow Jones Industrial Average and gold hit all-time highs as investors anticipate a September rate cut by the Federal Reserve. Small caps, tracked by the iShares Russell 2000 ETF (IWM), outperformed tech stocks. Key movers include Bank of America (BAC), UnitedHealth Group (UNH), and Boeing (BA).

Portfolio Pulse from Piero Cingari

July 16, 2024 | 5:20 pm

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