Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Match Group, Inc. regarding a class action lawsuit alleging that the company made materially false and misleading statements about its business operations and the challenges facing its Tinder platform [1][2]. Group 1: Allegations and Class Period - The class period for the lawsuit is from May 2, 2023, to November 6, 2024 [2]. - The allegations include that Match Group significantly understated the challenges affecting Tinder, leading to an underestimation of the risk that Tinder's monthly active user count would not recover by the time the company reported its Q3 2024 financial results [2]. Group 2: Shareholder Actions - Shareholders who purchased shares during the class period are encouraged to register for the class action, with a deadline of January 24, 2025, to seek lead plaintiff status [3]. - Once registered, shareholders will be enrolled in a portfolio monitoring software to receive updates throughout the case lifecycle [3]. Group 3: Law Firm's Commitment - The Gross Law Firm is a nationally recognized class action law firm dedicated to protecting investors' rights against deceit and fraud [4]. - The firm aims to ensure that companies adhere to responsible business practices and seeks recovery for investors who suffered losses due to misleading statements or omissions [4].

Company Overview - Match Group holds a leadership position in the dating industry with approximately 82 million active users across platforms, including 15 million payers [1] - The company forecasts a 4-6% revenue CAGR and a 300 bps margin expansion from 2025-2027, aiming to generate over $3 billion in free cash flow [1] Financial Performance - Match Group's consensus EPS estimate for the quarter has been revised 5.1% lower over the last 30 days [2] - The company is expected to post quarterly earnings of $0.54 per share, representing a year-over-year change of -33.3% [4] - Revenues are expected to be $857.81 million, down 1% from the year-ago quarter [4] Stock Performance - Match Group (MTCH) shares soared 6.7% in the last trading session to close at $33.76, with solid volume backing the move [5] - The stock has gained 0.4% over the past four weeks [5] - The stock currently carries a Zacks Rank 3 (Hold) [5] Industry Context - Match Group is a member of the Zacks Internet - Commerce industry [3] - Maplebear (CART), another stock in the same industry, finished the last trading session 0.1% lower at $42.02 and has returned -2.7% over the past month [3] - Maplebear's consensus EPS estimate for the upcoming report has changed -1.3% over the past month to $0.36, representing a change of -18.2% from the previous year [7] - Maplebear currently has a Zacks Rank of 2 (Buy) [7] Earnings and Revenue Trends - Trends in earnings estimate revisions are strongly correlated with near-term stock price movements [6] - A negative trend in earnings estimate revisions for Match Group doesn't usually translate into price appreciation [2]

NEW YORK, Dec. 23, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Match Group, Inc. (NASDAQ: MTCH).Shareholders who purchased shares of MTCH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/match-group-inc-loss-submission-form-3/?id=117772&from=4CLASS PERIOD: May 2, 2023 to No ...

NEW YORK, Dec. 20, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Match Group, Inc. ("Match Group, Inc." or the "Company") (NASDAQ: MTCH) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Match Group, Inc. investors who were adversely affected by alleged securities fraud between May 2, 2023 and November 6, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/match-group-inc ...

NEW YORK, Dec. 19, 2024 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Match Group, Inc. (NASDAQ: MTCH).Shareholders who purchased shares of MTCH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/match-group-inc-loss-submission-form-3/?id=117277&from=4CLASS PERIOD: May 2, 2023 to No ...

SAN DIEGO, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a class action was filed on behalf of persons and entities who purchased or otherwise acquired Match Group, Inc. (NASDAQ: MTCH) securities between May 2, 2023 and November 6, 2024. Match Group, through its portfolio companies, is a leading provider of digital technologies designed to help people make meaningful connections. For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003. ...

Company Overview - Match Group (MTCH) is the leading online dating platform with an estimated ~50% share of global dating users across its portfolio of brands, including Tinder and Hinge, with Tinder being the largest and most profitable dating app globally [1] Analyst Downgrade - JPMorgan analyst Cory Carpenter downgraded Match Group from Overweight to Neutral and lowered the price target from $40 to $33, reflecting expectations for muted growth in the online dating industry in 2025 [1][2] Growth Expectations - Carpenter anticipates limited visibility regarding the timing and magnitude of the Tinder turnaround, with expectations that Tinder payers will stabilize as focus shifts from price optimizations to product and marketing [2][3] - The turnaround for Tinder has proven more challenging than expected, with significant work needed to return Tinder to sustainable growth [3] Revenue Projections - Tinder's revenue and user metrics are expected to decline before any improvement, with a return to growth not forecasted until 2027 [4] - Carpenter reduced his direct revenue estimate for Tinder by 10% for 2026, projecting a revenue decline of 6% in 2025, flat in 2026, and a 2% increase in 2027 [4] Valuation Metrics - The price target of $33 is based on nine times Carpenter's 2025E AOI of $1.3 billion, which is a discount compared to Grindr Inc (18 times) but a premium to Bumble Inc (6 times) [5] Current Stock Performance - As of the publication date, Match Group stock is trading at $31.76, reflecting a 0.57% increase [6]

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Match Group, Inc. due to allegations of violations of federal securities laws, particularly concerning misleading statements about Tinder's performance and user metrics [2][4]. Group 1: Legal Investigation and Claims - The law firm is encouraging investors who suffered losses exceeding $50,000 in Match between May 2, 2023, and November 6, 2024, to discuss their legal options [1]. - A federal securities class action has been filed against Match Group, with a deadline of January 24, 2025, for investors to seek the role of lead plaintiff [2][6]. - The complaint alleges that Match Group materially understated challenges affecting Tinder, leading to misleading statements about the company's business and prospects [4]. Group 2: Financial Performance and Market Reaction - On November 7, 2024, Match Group's stock fell by 17.8% to close at $31.11 per share following disappointing fourth-quarter outlooks, despite a third-quarter earnings beat [5]. - Tinder's Direct revenue fell below expectations, with a 9% decline in monthly active users compared to the previous year, and revenue per payer grew less than anticipated [5].

Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers a wide range of sectors including biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3] - Proactive has a presence in key finance and investing hubs with bureaus and studios located in major cities such as London, New York, and Sydney [2] Group 2 - The company emphasizes the use of technology to enhance workflows and improve content production [4] - Proactive employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [5]

NEW YORK, Dec. 17, 2024 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Match Group, Inc. ("Match Group, Inc." or the "Company") (NASDAQ: MTCH) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Match Group, Inc. investors who were adversely affected by alleged securities fraud between May 2, 2023 and November 6, 2024. Follow the link below to get more information and be contacted by a member of our team:https://zlk.com/pslra-1/match-group-inc ...