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Stock impact report

Online Dating Is Benefitting From Lockdowns: Here Are the Winners -- ICYMI [TheStreet.com]

Match Group, Inc. (MTCH) 
Last match group, inc. earnings: 2/4 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.mtch.com/investor-relations
Company Research Source: TheStreet.com
The Coronavirus-induced lockdowns have been an attractive opportunity for online dating companies.All kidding aside, the lockdowns seem to have done two things for online dating companies — two things that are in direct conflict with each other. Dating apps are likely seeing a surge in engagement as people stay inside, but they’re also seeing a decline in subscriptions.“Though subscriptions are likely under pressure, dating companies have reported upticks in usage and engagement,” wrote Canaccord Genuity tech and media analyst Austin Moldow in a note. Moldow said, in a saturated field of players across the globe, only a few companies have taken swift action to capture share of users’ attention.But before we dive into the winners and losers, let’s point out a few things.First off, The expected fall in subscriptions is a huge near-term negative, as most dating companies derive revenue largely from subscriptions. Monetizing user engagement on the platform is tricky and hasn’t happened mu Show less Read more
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