|Bid||40.22 x 200|
|Ask||40.19 x 300|
|Day's Range||40.09 - 42.60|
|52 Week Range||27.59 - 60.95|
|Beta (3Y Monthly)||0.74|
|PE Ratio (TTM)||23.32|
|Earnings Date||Feb 4, 2019 - Feb 8, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||50.93|
Facebook (FB) has introduced its online dating service in Canada and Thailand. The company is working to expand the availability of the service as it sets out to challenge Match Group (MTCH). Match Group operates a portfolio of online dating services including Tinder, OkCupid, and namesake Match.com.
Match Group stock fell in after-hours trading after the company reported third-quarter revenue and profit that topped views but forecast December-quarter revenue below expectations.
results and a special dividend announced. Shares of Amazon were also gaining after the company announced that Alexa and Echo are now available in Mexico. It has also been reported that Amazon will be splitting its second headquarters between two cities.
Shares of Tinder parent company Match Group Inc (NASDAQ: MTCH ) fell 17 percent Wednesday after the company released its third-quarter print the previous afternoon. The online dating company reported ...
Shares of IAC/InterActiveCorp. were down 1.9% in after-hours trading after the company beat third-quarter revenue expectations and announced plans to report additional product segments going forward. The company reported net income of $145.8 million, or $1.49 a share, down from $179.6 million, or $1.79 a share, a year earlier. The company attributed the drop in net income to a tax benefit that IAC received in the year-ago period. Revenue increased to $1.1 billion from $828.4 million a year earlier, whereas analysts surveyed by FactSet were expecting $1.07 billion. The company also said that it would begin breaking out results for its video-streaming platform Vimeo and publishing business DotDash starting next quarter. Vimeo saw accelerating revenue growth in the latest quarter, Chief Financial Officer Glenn Schiffman told MarketWatch, and its subscriber base grew 10% in the quarter. Schiffman said that the company sees "some real blue ocean out there" particularly in attracting businesses that are focused on video content. He also said that the company, which owns the majority of Match Group Inc. shares, has "no one thing or single use" in mind for a $2 special dividend that Match announced Tuesday. The company expects that the forthcoming breakout of Vimeo and DotDash revenue will "simplify the story to show strong performance throughout the entire portfolio," according to Schiffman. IAC shares have gained 44% over the past 12 months, while the S&P 500 has risen 8.6%.
Earnings reports are helping some of the internet companies that were hit hard in October climb back up in November—but not all of them.
Stock futures rose sharply on election results: Democrats won the House but the GOP held the Senate. Seven leaders were big stock market movers on earnings.
Match Group’s growth is hitting a rough patch. The provider of dating services – including Tinder – saw its shares fall more than 16 percent on Wednesday after it forecasted sales growth that fell short of Wall Street estimates, according to Reuters. The company (Nasdaq: MTCH) expects fourth quarter revenue of $440 million to $450 million, putting its growth at around 17 percent, based on the midpoint.
Ryan McQueeney discusses the results of the midterm elections and explains why earnings results have sent several trendy stocks--including Turtle Beach, Match Group, and Twilio--flying in different directions. He also provides a brief preview of upcoming earnings from Wynn Resorts and Qualcomm.
Twilio Inc. (NYSE: TWLO) is soaring over 34% following its better-than-expected third-quarter results after the market closed yesterday. Twilio also provided better-than-expected outlook on the fourth quarter, calling for revenue of $183 million-$185 million and adjusted EPS of $0.03-$0.04, crushing analysts’ expectations of revenue of $161.4 million and adjusted EPS of $0.02. Like Twilio, shares of SendGrid Inc. (NYSE: SEND) are up more than 34%.
Tinder has never really shaken its reputation among consumers as a "hook up" app, instead of one designed for more serious dating. Now, it seems Tinder is planning to embrace its status as the default app for younger users who aren't ready to settle down. According to Match Group CEO Mandy Ginsberg, speaking to investors on its Q3 earnings call this morning, Tinder is preparing to launch its first-ever brand marketing campaign that will promote the "single lifestyle" with billboard campaigns and other digital initiatives.
Tinder continues to be a powerful growth engine for parent company Match Group Inc., which once again beat top- and bottom-line estimates thanks to strong subscriber growth for the popular swipe-based dating app.