Match-owned Archer hits over half a million installs amid dating app slump [TechCrunch]
Match Group, Inc. (MTCH)
Last match group, inc. earnings: 2/4 04:11 pm
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Source: TechCrunch
It's been almost one year since Match Group announced the launch of Archer , the online dating giant's first app for gay, bi, and queer men. Since rolling out to New York last June, Archer has been downloaded more than 685,000 times, according to estimates from market intelligence firm Sensor Tower . Archer completed its U.S. rollout this past October. With Match and other online dating companies facing a downturn , Archer's growth is certainly notable. Match's last earnings results showed a decline in paying users on Tinder, the company's flagship app and one of the top dating platforms on the market. However, despite reaching over half a million installs, Archer still has a long way to go before it catches up to heavyweight Grindr, which amassed over 10 million downloads in the past year alone and has a total of 87 million worldwide installs per Sensor Tower data. Another established competitor, Scruff, has more than 17 million all-time mobile app installs. Unlike its rivals,
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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