Match Group is by far the global leader in online dating apps with over 45 brands, the most notable of which are Tinder and Hinge. Tinder is the most downloaded dating app in the world. It accounted for over 55% of the company's revenue at approximately $1.9 billion in 2023, has nearly 10 million paying users and over 50% earnings before interest, taxes, depreciation, and amortization margins. Hinge accounted for $400 million of the company's revenue and has been growing at over 100% per year. This is a mar ...

Tinder and Hinge parent Match Group faces an activist investor campaign that wants the dating app giant to either overhaul its business or explore going private. Smith argued that Tinder has suffered from a "lack of innovation" that has hurt its growth despite a base of nearly 10 million paid subscribers. 3 Match Group is the parent company of dating apps like Tinder and Hinge. dpa/picture alliance via Getty Images "If performance fails to improve, we believe changes must be considered, which should include ...

Starboard Value Managing Member Jeffrey Smith made a number of suggestions in the letter to executives, stressing that Starboard is optimistic about Match's future and believes that the company is undervalued by the market, while also identifying potential areas of improvement. Key Takeaways Shares of Match Group (MTCH) jumped in premarket trading Tuesday on the news that activist hedge fund Starboard Value has taken a significant stake in the online dating giant and is already pushing for changes. Starboar ...

The stock surged nearly 9% in extended trading on Monday after the Wall Street Journal reported on Starboard's stake. Starboard also urged the company to put its balance sheet to work with share buybacks. Representatives from Match didn't immediately provide a comment. WATCH: Activist investors succeed in 96% of campaigns Jeff Smith, chief executive officer of Starboard Value LP, speaks during a Bloomberg Television interview in New York, U.S. Starboard Value has amassed a roughly 6.5% stake in online datin ...

LOS ANGELES, July 11, 2024 /PRNewswire/ -- Chispa, the leading dating app made for Latino singles, is thrilled to announce its partnership with Sorry Papi for an electrifying summer college tour spanning across 8 cities. The tour kicks off in Salt Lake City, UT and will visit Louisville, KY; Cincinnati, OH; Champaign, IL; Minneapolis, MN; Dallas, TX; Anaheim, CA; and Sacramento, CA. Sorry Papi: The Only Girls Party, renowned for its vibrant celebrations of empowerment and inclusivity, joins forces with Chis ...

The live webcast and replay will be open to the public at https://ir.mtch.com. Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. Our global portfolio of brands includes Tinder®, Hinge®, Match®, Meetic®, OkCupid®, Pairs™, PlentyOfFish®, Azar®, BLK®, and more, each built to increase our users' likelihood of connecting with others. Through our trusted brands, we provide tailored services to meet the va ...

Recently, Facebook (NASDAQ:META) and X (formerly Twitter) have been under intense scrutiny by users and various governing bodies. The EU has criticized Facebook and Instagram for allegedly failing to protect children online. As a result, this shift has opened up new opportunities for smaller-cap social media stocks, including Match Group, Bumble and Pinterest. As of 2023, Match Group employed around 2,600 people across all its divisions. For the same year, Match Group generated a total revenue of $3.36 bill ...

The once-buoyant realm of augmented and virtual reality (AR/VR) is up against serious challenges as it aims to secure a foothold in the mainstream market. The lack of content and steep prices continue to impact broader adoption, prompting savvy investors to consider offloading virtual reality stocks to sell. Matterport (MTTR) Over the years, it has been an excellent growth stock, having grown its revenues at a rapid rate. The growth of its subscriber base has been particularly remarkable, expanding to one m ...

A month has gone by since the last earnings report for Match Group (MTCH) . Shares have added about 5.4% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Match Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Match Group Q1 Earnings Beat Estimates, Revenues Up ...

AUBURN HILLS, Mich. , June 4, 2024 /PRNewswire/ -- MotorTrend Presents Roadkill Nights Powered by Dodge will return for 2024 and will once again host legally sanctioned drag racing on Woodward Avenue in Metro Detroit this summer, including another heated battle between online automotive builders in the popular Direct Connection Grudge Race. MotorTrend Presents Roadkill Nights Powered by Dodge will return for 2024 and will once again host legally sanctioned drag racing on Woodward Avenue in Metro Detroit thi ...