MTCH - Match Group, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
73.50
-1.65 (-2.20%)
At close: 4:00PM EST
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Previous Close75.15
Open74.89
Bid72.01 x 900
Ask73.45 x 900
Day's Range72.80 - 74.98
52 Week Range52.31 - 95.32
Volume1,223,632
Avg. Volume2,135,678
Market Cap20.607B
Beta (5Y Monthly)0.31
PE Ratio (TTM)40.61
EPS (TTM)1.81
Earnings DateMay 04, 2020 - May 10, 2020
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateDec 03, 2018
1y Target Est88.53
  • Investors Still Cautious As Markets Show Solid Recovery
    Investor's Business Daily Video

    Investors Still Cautious As Markets Show Solid Recovery

    Leading companies like Uber, Snap, Twitter, Spotify, Match, Chipotle, and Disney reported strong earnings, as the market regained much of the prior week's coronavirus sell off.

  • Moore Kuehn, PLLC Encourages Investors of UAA, MTCH, and BUD to Contact Law Firm
    PR Newswire

    Moore Kuehn, PLLC Encourages Investors of UAA, MTCH, and BUD to Contact Law Firm

    Moore Kuehn, PLLC, a securities law firm located on Wall Street in downtown New York City, is investigating potential claims involving directors and officers regarding possible breaches of fiduciary duties and other violations of law related to whether insiders, as alleged in federal securities lawsuits, caused their companies to make false and/or misleading statements and/or failed to disclose, among other things, that:

  • These 5 Top Internet Stocks Deserve a Place in Your Portfolio
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    These 5 Top Internet Stocks Deserve a Place in Your Portfolio

    Investors can bet on Vipshop Holdings (VIPS) and four other top-ranked Internet stocks that have strong fundamentals for a winning portfolio in 2020.

  • PR Newswire

    Plenty of Fish Announces Industry's First Member Advisory Council

    Dating app Plenty of Fish today announced the industry's first Member Pod, an advisory council comprised of real users. The goal of the Member Pod is to gain feedback from a diverse group of people to foster innovation and enhance the Plenty of Fish experience.

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    GuruFocus.com

    The Top 5 Buys of Steve Mandel's Lone Pine Capital

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  • Tinder tests new social features, including prompts and a 'Share to Matches' option
    TechCrunch

    Tinder tests new social features, including prompts and a 'Share to Matches' option

    Tinder is testing a series of new social features designed to boost conversations between users on its service. One of the new features is a conversational prompt, first teased during parent company Match Group's recent earnings. The other, a "Share to Matches" option, allows users to post photos, looping videos and other content that can only be seen by their existing matches.

  • Match Group's Composite Rating Climbs
    Investor's Business Daily

    Match Group's Composite Rating Climbs

    The IBD SmartSelect Composite Rating for Match Group rose from 94 to 96 Monday. The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Match Group, which manages online dating sites and apps, has a 96 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 96% of all stocks.

  • ACCESSWIRE

    SHAREHOLDER ALERT: The Law Offices of Timothy L. Miles Is Investigating the Officers and Directors of Match Group, Inc. (MTCH) on Behalf of Shareholders; Match Shareholders Urged to Contact the Firm

    HENDERSONVILLE, TN / ACCESSWIRE / February 8, 2020 / The Law Offices of Timothy L. Miles, who has been leading the fight to protect shareholder rights for over 18 years, is investigating whether certain ...

  • PR Newswire

    Match Group to Participate at Goldman Sachs Technology and Internet Conference 2020

    Match Group (NASDAQ: MTCH) will attend the Goldman Sachs Technology and Internet Conference 2020 in San Francisco at the Palace hotel on Wednesday, February 12, 2020. Gary Swidler, Chief Operating Officer & Chief Financial Officer, will participate in a fireside chat at 12:00 p.m. Eastern Time (ET). A live webcast of the fireside chat will be available to the public at https://ir.mtch.com/news-and-events/events and a replay of the webcast will be available at https://ir.mtch.com.

  • Uber (UBER) Up on Narrower-Than-Expected Q4 Loss & Rosy View
    Zacks

    Uber (UBER) Up on Narrower-Than-Expected Q4 Loss & Rosy View

    Robust revenues aid Uber's (UBER) Q4 results. Additionally, the company hopes to achieve profits on an adjusted basis by this year-end.

  • Moody's

    Match Group, Inc. -- Moody's assigns first-time Ba2 CFR to Match Group; Ba1 to new sr. sec. credit facilities, Ba3 to new sr. unsec. notes; outlook stable

    Rating Action: Moody's assigns first-time Ba2 CFR to Match Group; Ba1 to new sr. sec. New York, February 06, 2020 -- Moody's Investors Service ("Moody's") has assigned to Match Group, Inc. ("Match" or the "company") a first-time Ba2 Corporate Family Rating (CFR) and Ba2-PD Probability of Default Rating (PDR). Concurrently, Moody's assigned Ba1 ratings to Match's upsized $750 million revolving credit facility (RCF) and $425 million term loan B, and a Ba3 rating to its proposed $500 million senior unsecured notes.

  • PR Newswire

    Match Group Announces Pricing of Notes Offering

    Match Group (NASDAQ: MTCH) announced today that it has agreed to sell $500 million aggregate principal amount of 4.125% senior notes due 2030 (the "Notes") in a private offering (the "Offering"). The Offering is expected to close on February 11, 2020.

  • TheStreet.com

    Match Group Reportedly Approaches Meet Group About a Takeover

    Shares of online/mobile dating service Match Group jumped Thursday following a report that it had contacted rival Meet Group about a takeover. Bloomberg reported the news, citing sources. Meet Group stock also traded sharply higher.

  • Benzinga

    Nomura Remains Bullish On Match Group Despite Q4 Miss

    Match Group Inc (NASDAQ: MTCH) reported disappointing revenue for the fourth quarter of 2019 due to increased Tinder churn resulting from changes to the cancellation flow in the new iOS 13. The Tinder churn situation was worsened by Apple Inc. (NASDAQ: AAPL) forcing users to upgrade their operating system in late December, Kelley said in the note. The analyst further mentioned that growth at Tinder in 2020 is likely to be at par with 2019 in dollar terms, although it may be backend loaded, with new a la carte items being rolled out, which boosts average revenue per user.

  • PR Newswire

    Match Group Announces Senior Notes Offering

    Match Group (NASDAQ: MTCH) announced today that it intends to commence an offering of $500 million aggregate principal amount of senior notes due 2030 (the "Notes") in a private offering (the "Offering"). The interest rate and other terms of the Notes will be determined at the time of sale.

  • Thomson Reuters StreetEvents

    Edited Transcript of MTCH earnings conference call or presentation 5-Feb-20 1:30pm GMT

    Q4 2019 Match Group Inc Earnings Call

  • Barrons.com

    IAC’s Earnings Missed Forecasts. Revenue Fell a Touch Short, Too.

    The internet conglomerate will soon make a distribution to shareholders of its controlling stake in the dating-app giant Match Group.

  • Match Shares Plunge After Disappointing Revenue Forecast
    Bloomberg

    Match Shares Plunge After Disappointing Revenue Forecast

    (Bloomberg) -- Match Group Inc. missed revenue estimates in the fourth quarter and gave a disappointing forecast for the current period after Apple Inc. made it easier for daters to cancel their subscriptions. The shares tumbled as much as 7.5%.The Dallas-based owner of some of the world’s most popular dating apps reported revenue of $547.2 million for the three months ended Dec. 31, missing the average analyst estimate of $552.9 million, according to data compiled by Bloomberg. The company said first-quarter revenue will be $545 million to $555 million, below Wall Street’s projections of $562.2 million.It was the second consecutive quarter Match delivered a disappointing revenue forecast. Chief Financial Officer Gary Swidler told analysts on a conference call Wednesday morning that the company’s revenue was negatively impacted by software upgrades in Apple iOS devices that streamlined the cancellation process for apps.While users of subscription businesses such as Netflix rarely delete their apps, people tend to ditch dating apps once they start seeing someone seriously. As a result, Apple’s software updates hit Match harder than others in the app economy.“Canceling is basically a switch of a button now,” said Evercore ISI analyst Benjamin Black. Streamlining the cancellation process led to earlier account terminations which would have otherwise been spread across the course of the year, Black said.Swidler expects the changes to impact revenue in the current period, but said it would dissipate beyond that.The disappointing revenue forecast comes as Match faces multiple legal battles, government investigations on two continents, a surprise leadership change and a looming spinoff from its parent company IAC/InterActiveCorp.In November, Swidler said mounting legal costs were denting profit. Last year the company spent about $40 million on legal costs, up from $15 million in 2018 as it sparred against rivals, ex-employees and government agencies. The company expects its legal costs will increase primarily in the first half of this year and said it also plans on ramping up marketing spending in Asia.One ongoing bright spot for Match is its star-performer Tinder, which introduced “swipe left” and “swipe right” into pop culture vernacular. Tinder pulled in $1.15 billion in revenue for 2019, which is more than half of Match’s total $2.05 billion in revenue for the year. Tinder’s direct revenue grew 39% in the fourth quarter, boosting its total global subscriptions to a record 5.9 million, the company said.As the world’s biggest online dating provider, Match runs about 45 different dating brands, including Hinge, Plenty of Fish and OkCupid. To fend off global competition, Match has been expanding in Asia, acquired a local app in Egypt and launched expensive marketing campaigns in South Korea and India. Match has tried to tailor its products to each culture, hiring local general managers and tweaking its North American-based apps for new audiences with different traditions and tastes.The company reported overall average subscribers grew to 9.8 million in the fourth quarter, a 19% increase from the previous year. One of its apps, OkCupid, has fielded strong growth in India, reporting eight consecutive quarters of year over year revenue growth, the company said. OkCupid will begin new marketing investments in the U.K., Australia, Indonesia and Malaysia.In a surprise announcement last week, Match Chief Executive Officer Mandy Ginsberg said she would step down due to personal challenges, with the company’s president Shar Dubey taking over on March 1. On the conference call, Dubey told analysts: “My taking over does not change the core strategy.”One of Dubey’s first tests will be to oversee Match’s planned spinoff from the media and internet conglomerate IAC/InterActiveCorp. The move will result in the full separation of the two companies and is expected to be completed in the second quarter of 2020.She’ll also have to oversee three lawsuits Match is involved in in the U.S. It’s being sued by the Federal Trade Commission for deceiving consumers with fake accounts; by Tinder’s founders for allegedly misleading them on the app’s valuation; and it’s suing rival dating app Bumble, claiming it stole intellectual property. Match is also under investigation by Ireland’s data protection commission for sharing user data across its various dating brands.So far Match has seemed to navigate the challenges it’s facing. The stock has gained about 50% over the last 12 months. Earnings per share were 45 cents in the fourth quarter, up from 39 cents a year earlier.Match has said it will build new photo verification tools and harassment detection services to try to strengthen the safety features on its apps throughout the year. (Updates with comments from new CEO in 11th paragraph. A previous version of this story corrected the amount of legal spending in 2018.)To contact the reporter on this story: Olivia Carville in New York at ocarville1@bloomberg.netTo contact the editors responsible for this story: Jillian Ward at jward56@bloomberg.net, Molly SchuetzFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Match Group Stock Is Falling Because Revenue and Guidance Were Not So Hot

    Shares of the provider of dating products are sharply lower on disappointing fourth-quarter revenue, and guidance that didn’t meet expectations.

  • Match Earnings Miss, Stock Falls As Tinder Mobile App Growth Slows
    Investor's Business Daily

    Match Earnings Miss, Stock Falls As Tinder Mobile App Growth Slows

    Match Group late Tuesday reported fourth-quarter earnings and revenue that missed analyst estimates. Tinder mobile app growth also disappointed. Match stock fell in extended trading.

  • Match gives mixed forecast while pace of Tinder subscriber growth slows
    MarketWatch

    Match gives mixed forecast while pace of Tinder subscriber growth slows

    Match Group Inc. gave an upbeat first-quarter revenue forecast Tuesday afternoon, but its earnings outlook came up short.

  • PR Newswire

    Match Group Reports Fourth Quarter 2019 Results

    Match Group (NASDAQ: MTCH) posted its fourth quarter 2019 financial results and related investor presentation on the investor relations section of its website at https://ir.mtch.com. As announced previously, the Company will host a conference call tomorrow, Wednesday, February 5, 2020, at 8:30 a.m. Eastern Time (ET) to discuss the results. The live audiocast and replay will be open to the public at https://ir.mtch.com.