Match Group, Inc. (MTCH)
Market Cap | 7.82B |
Revenue (ttm) | 3.44B |
Net Income (ttm) | 653.93M |
Shares Out | 265.67M |
EPS (ttm) | 2.29 |
PE Ratio | 12.83 |
Forward PE | 13.16 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 3,509,589 |
Open | 29.46 |
Previous Close | 29.34 |
Day's Range | 29.21 - 29.62 |
52-Week Range | 27.66 - 49.24 |
Beta | 1.50 |
Analysts | Buy |
Price Target | 43.54 (+47.84%) |
Earnings Date | Jul 30, 2024 |
About MTCH
Match Group, Inc. engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users' likelihood of connecting with others. Its services are available in over 40 languages to users worldwide. The company was incorporated in 1986 and is based in Dallas, Texas. [Read more]
Financial Performance
In 2023, Match Group's revenue was $3.36 billion, an increase of 5.51% compared to the previous year's $3.19 billion. Earnings were $651.54 million, an increase of 80.01%.
Financial StatementsAnalyst Forecast
According to 18 analysts, the average rating for MTCH stock is "Buy." The 12-month stock price forecast is $43.54, which is an increase of 47.84% from the latest price.
News
Match and Jay Shetty Launch New Partnership To Help You Date Differently
Jay Shetty is now Match's Relationship Advisor, offering relationship guidance alongside new in-app features designed to tackle dating challenges DALLAS , June 4, 2024 /PRNewswire/ -- Today, dating le...
Very bad news for Bumble and Match Group stocks
Dating apps are in trouble. Bumble (NASDAQ: BMBL) stock price has collapsed by over 22% in 2024 and by over 86% from its all-time high.
Hinge Tests Limiting Unanswered Messages to Reduce Dating Burnout
NEW YORK , May 14, 2024 /PRNewswire/ -- Hinge is leading the charge against dating burnout by testing Your Turn Limits, a feature designed to increase daters' focus on quality over quantity of matches...
Match Group to Present at the J.P. Morgan Global Technology, Media, and Communications Conference
DALLAS , May 9, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) announced today that Gary Swidler, President and CFO of Match Group, will participate in a fireside chat at the J.P. Morgan Global Techn...
Match Group Forecasts Revenue Below Analyst Estimates
In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly revenue. The Dallas-based company ...
Match Group's Tinder posts further decline in payers, but Q1 results still top estimates
Match Group MTCH, -2.26% posted further declines in the number of paying users at dating app Tinder, an issue that is likely to exacerbate concerns about saturation in the online dating space despite ...
Match Group expects quarterly revenue below estimates as spending on dating apps falls
Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps.
Match Group Reports First Quarter 2024 Results
DALLAS , May 7, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) posted its first quarter 2024 shareholder letter on the investor relations section of its website at https://ir.mtch.com. As announced p...
Hinge Introduces Hidden Words to Give Daters Curated Control of Comments
New feature enables users to filter the words, phrases and emojis they see in their incoming Likes with Comments for a more positive dating experience NEW YORK , April 24, 2024 /PRNewswire/ -- Today, ...
Match Group Releases Annual Impact Report
Report Highlights Company's Environmental, Social, and Governance Progress and Initiatives in 2023 DALLAS , April 23, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) released its fourth annual Impact ...
Morgan Stanley's “Show-Me” Story on Match Group
Seasons of love might be impacting the online dating company, Match Group. That's the verdict from Morgan Stanley's analyst saying innovation and improving the user experience could be the “key unlock...
Match Group to Webcast Q1 2024 Earnings Conference Call
DALLAS , April 10, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) will webcast a conference call to review its first quarter 2024 financial results on Wednesday, May 8, 2024, at 8:30 a.m. Eastern Tim...
Three-Stock Lunch: Match Group, Caesars & UnitedHealth
Courtney Garcia, Payne Capital Management senior wealth advisor, joins 'Power Lunch' to discuss plays for three stocks including Match Group, Caesars and UnitedHealth.
Match adds two directors in deal with activist investor Elliott Management
Match announced an information sharing agreement with Elliott Management and will add an Instacart executive and a Zillow co-founder to its board.
Tinder-owner Match Group names new board directors after Elliott push
Tinder-owner Match Group named Instacart executive Laura Jones and Zillow co-founder Spencer Rascoff to its board on Monday, after talks with activist investor Elliott Investment Management to improve...
Match Group Appoints Laura Jones and Spencer Rascoff to Board of Directors
Appointments Follow Constructive Engagement with Elliott Investment Management DALLAS, March 25, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) ("Match" or the "Company") announced today that it has ...
Stir, The Leading Dating App For Single Parents, Joins Forces With Therabody To Combat Single Parent Back Pain
DALLAS , March 21, 2024 /PRNewswire/ -- Today, in recognition of National Single Parent Day, dating app Stir is teaming up with Therabody , the wellness technology leaders behind the Theragun percuss...
Tinder to provide EU users with more clarity on prices to end probe
Match Group-owned dating app Tinder on Thursday agreed to better inform users about discounted prices for its premium services following scrutiny from national consumer watchdogs in the European Union...
Match Group Teams Up with OpenAI to Spark a Love Affair with Innovation
Dating app industry leader secures over 1000 ChatGPT Enterprise licenses for employees DALLAS , Feb. 21, 2024 /PRNewswire/ -- In the world of dating apps, Match Group – the cupid behind Tinder, Hinge,...
Match Group to Present at the Morgan Stanley Technology, Media & Telecom Conference
DALLAS , Feb. 20, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) announced today that Gary Swidler, President & Chief Financial Officer, and Faye Iosotaluno, CEO of Tinder, will participate in a fire...
Tinder, Match and other dating apps encourage ‘compulsive' use, lawsuit claims
Stuck in a dating app loop with no date in sight? A lawsuit filed Wednesday against Match Group claims that is by design.
Tinder, other Match dating apps encourage compulsive use, lawsuit claims
Match Group was sued on Wednesday in a proposed class action claiming that its dating apps Tinder, Hinge and The League are designed to addict users, generating more profit for the company, rather tha...
Match Group Tells Users To Verify Their Profiles In Order To Go On More Dates
On Safer Internet Day, Match Group Platforms Will Send A Coordinated Reminder To Users With Unverified Profiles, Encouraging Them To Photo Verify Their Profiles. DALLAS , Feb. 6, 2024 /PRNewswire/ -- ...
Match Group says it hasn't yet decided if it will opt into Apple's new DMA rules
Dating app giant Match Group says it hasn't yet determined how it plans to adapt its products in light of the EU's Digital Markets Act (DMA), a new regulation that is forcing Apple to open up its plat...
Match Group Reports Fourth Quarter 2023 Results
DALLAS , Jan. 30, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) posted its fourth quarter 2023 shareholder letter on the investor relations section of its website at https://ir.mtch.com. As announce...