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Match Group, Inc. (MTCH)

NasdaqGS - NasdaqGS Real Time Price. Currency in USD

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Visitors trend2W10W9M

64.52

-3.59

(-5.27%)

At close: 04:00PM EDT

65.34

+0.82

(+1.27%)

After hours:

07:59PM EDT

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A
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C
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A
Hello, I'm a newbie in crypto,, what's the best way to get started with trade cos l'v been making my personal research for a while now
M
Will be a good short after a bit of a bounce. Value needs to go back to pre covid levels on continuous losses. So $25 a share
m
Are you guys part of (http://traderspot.club)? They just talked about MTCH
G
Guys, check out (http://Achieverspot.tech). They have been crushing it lately while MTCH barley does anything at all.
R
make 0.7 per share before one time writedown cost of $217 million, make company into negative $0.11.

should back to 70 soon.
Bullish
s
Just saw MTCH published on the daily alert watchlist at (http://market-engross.club)
B
Day trading. Bought at 59,76. Sold at 63,8 it’s a match ;-) Thank u
R
Will lose $4 billion in mkt. cap overnight lol.
B
https://tradeideas.tips/TI-TradingRoom
F
strait up to 75 from here- load all u can
H
Losing Market Share
r
sell everything 19
Bearish
B
This is $30 @ max. Hyped too much.
I warned weeks ago.
R
Tinder chief executive departs as Zynga executive who took over top spot launches changes to online-dating company
Match Group Inc. shares were pummeled Tuesday after the online-dating company's new chief executive detailed a slowdown for its most popular product, Tinder, and decided to pause newer initiatives such as Tinder-based crypto and " metaverse" dating.
Match (MTCH) reported a loss of $31.86 million, or 11 cents a share, down from a profit of 46 cents a share a year ago. Revenue grew to $794.5 million from $707.8 million a year ago, but missed analysts' estimates.
Analysts on average expected earnings of 57 cents a share on sales of $804 million, according to FactSet. Shares fell more than 20% in after-hours trading immediately following the release of the results, after closing with a 4.3% gain at $76.71.
A large reason for the surprising loss was a writedown of $217 million on the acquisition of Hyperconnect, an Asian dating company attempting to integrate "metaverse" features. Match paid more than $1.7 billion for the company last year, but new Chief Executive Bernard Kim said that he is slowing down development and spending.
"I believe a metaverse dating experience is important to capture the next generation of users, and Hyperconnect has been innovating in this area. However, given uncertainty about the ultimate contours of the metaverse and what will or won't work, as well as the more challenging operating environment, I've instructed the Hyperconnect team to iterate but not invest heavily in metaverse at this time," Kim wrote in a letter to shareholders Tuesday. "We'll continue to evaluate this space carefully, and we will consider moving forward at the appropriate time when we have more clarity on the overall opportunity and feel we have a service that is well-positioned to succeed."
Match has grown steadily for years thanks to growth in paying users for Tinder, but that effort has also hit a speedbump. Kim said that Tinder CEO Renate Nyborg is leaving, and he will "be fully embedded within
Neutral
F
wait till 120 to cover your short
C
$Momo Hello Group the Asian Match way better buy at These prices and Stage ! Look Into IT, tantan Just Beat your tinder in se Asia Indonesia...Just starting.
Bullish
C
buy $momo Hello Group inc instead , the asian Match Group Has better Numbers,more Users with tantan (tinder) and Momo Apps, buyback, huge divi and very undervalued! huge Potential Here Goldman, asian Investors and wsb buying
Bullish
M
https://tradeideas.tips/SwingPicks