Match Group expects quarterly revenue below estimates as spending on dating apps falls [Yahoo! Finance]
Match Group, Inc. (MTCH)
Last match group, inc. earnings: 2/4 04:11 pm
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US:NASDAQ Investor Relations:
ir.mtch.com/investor-relations
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Source: Yahoo! Finance
Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid and Plenty of Fish, among others - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy. The company also faces stiff competition from smaller rival Bumble's eponymous dating app and social media companies including Meta Platforms-owned Facebook and Instagram. Dating app operators have remained under pressure, with Match's stock dropping about 14% while its rival Bumble has fallen around 30%, as of Tuesday's close, on concerns of slowing growth. In the first quarter, global Tinder downloads fell 6% from a year earlier, the third consecutive quarter of decreasing downloads, while download growth at Hinge rose 18%, according to market intelligence firm Sensor Tower on Monday. Total monthly active users (MAUs) for Tinder dropped 21% globally in the reported quarter from the prior year, while the MAUs fell 17% in the United States, Sensor Tower a
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News
- Want Better Returns? Don't Ignore These 2 Retail-Wholesale Stocks Set to Beat Earnings [Yahoo! Finance]Yahoo! Finance
- Hinge Tests Limiting Unanswered Messages to Reduce Dating Burnout [Yahoo! Finance]Yahoo! Finance
- Hinge Tests Limiting Unanswered Messages to Reduce Dating BurnoutPR Newswire
- Match Group (MTCH) Reliance on International Sales: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at Susquehanna from $46.00 to $45.00. They now have a "positive" rating on the stock.MarketBeat
MTCH
Earnings
- 5/7/24 - Beat
MTCH
Sec Filings
- 5/8/24 - Form 10-Q
- 5/7/24 - Form 144
- 5/7/24 - Form 8-K
- MTCH's page on the SEC website