CHICAGO, Oct. 08, 2024 (GLOBE NEWSWIRE) -- Chocolate lovers everywhere, rejoice! Portillo's, the fastcasual restaurant concept known for its menu of unrivaled Chicago-style street food, and iconic New York bakery, Milk Bar, have teamed up to create a limited-edition treat – the Portillo's Chocolate Cake Cookie. This rich and fudgey-licious soft baked cookie combines the flavors of Portillo's moist chocolate cake with swirls, pops and chunks of Portillo's iconic fudge frosting, all baked into the perfect Mil ...

Core Insights - Match Group announced the appointment of Steven Bailey as Chief Financial Officer, effective March 1st, 2025, succeeding Gary Swidler who will remain as President [1][2] - The company will host its inaugural Investor Day on December 11th, 2024, in New York City, providing an overview of its long-term vision and growth initiatives [1][2] Leadership Transition - Steven Bailey has been with Match Group since 2012 and has held various leadership roles, including Senior Vice President of Financial Planning & Business Operations [4][5] - CEO Bernard Kim expressed confidence in Bailey's ability to lead the financial functions and drive long-term success for the company [2][5] - Gary Swidler anticipates a smooth transition and looks forward to focusing on broader portfolio strategy [2][5] Investor Day Details - The Investor Day will feature senior leaders discussing Match Group's diverse portfolio, innovative strategies, and commitment to shareholder value [1][2] - The event will be accessible live and via archived replay on the company's website, with limited in-person attendance by invitation only [3]

Peter Lynch is one of the most successful investors in history. He managed a well-known fund — Magellan Fund — for 13 years. During that period, he earned an annualized total return of ~ 29% or more than twice that the broader market (i.e., the S&P Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost ...

New Terms Reflect TikTok and Pop Culture's Impact on Dating in 2025 VANCOUVER, BC, Sept. 25, 2024 /PRNewswire/ -- Dating app Plenty of Fish today revealed its eighth annual list of dating trends, providing singles with new lingo to describe their evolving dating experiences. Following 2024's 'Rizz-Colored Glasses' and 'Canon-Bailing,' this year's list introduces the latest trends poised to shape the dating landscape, and will join Plenty of Fish's existing index of over 60 dating behaviors. When singles fan ...

n f I 11 t I 110 e r l 1 10 a i 1 / T r I PM Images Revenue Operating costs and expenses: Cost of revenue (exclusive of depreciation sh separately below) Selling and marketing expense General and administrative expense Product development expense Depreciation Amortization of intangibles Total operating costs and expense Operating inco Interest expense Earnings before incom Income tax provision Net earnings interests Net earnings attributable to Match Group, Inc. shareholders MTCH Q2 2024 results Following B ...

Match Group Inc. MTCH — the owner of dating app services Tinder, Hinge, and OkCupid — has just seen its stock make a significant technical move. Chart created using Benzinga Pro The stock has completed a Golden Cross, a bullish indicator that occurs when a short-term moving average crosses above a long-term moving average. This could be a promising signal for investors, especially considering the strong bullish momentum the stock has been experiencing. Read Also: Struggling To Connect On Tinder, Grindr Or B ...

DALLAS, Aug. 27, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) announced today that Gary Swidler, President and CFO of Match Group, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference on Tuesday, September 10th at 12:30 p.m. Eastern Time (ET). A live webcast and replay of the fireside chat will be available at https://ir.mtch.com/news-and-events/events. About Match Group Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digital ...

Latino students represent most of the nation's growth in college degree attainment, according to a recent Excelencia in Education report. Latinos accounted for the vast majority, 79%, of the 4% overall increase in degree attainment over the last five years. "The significant strides Latinos are making in college degree attainment are commendable, but it's crucial to recognize the challenges they continue to navigate," said Dr. Jake Beniflah, Executive Director of the Center for Multicultural Science. "This y ...

Financial Data and Key Metrics Changes - Match Group's total revenue for Q2 2024 was $864 million, up 4% year-over-year, while FX neutral total revenue was $892 million, up 8% year-over-year [14] - Revenue per payer grew 9%, while payers declined 5% year-over-year [14] - Operating income was $205 million in Q2, down 5% year-over-year for a margin of 24% [18] Business Line Data and Key Metrics Changes - Tinder's direct revenue was $480 million, up 1% year-over-year, with payers climbing 8% year-over-year to approximately 9.6 million [14] - Hinge's direct revenue grew nearly 50% year-over-year to $134 million, with payers up 24% year-over-year to nearly 1.5 million [16] - Azar's direct revenue declined 1% in the quarter but was up 14% year-over-year FX neutral [16] - Evergreen & Emerging brands' direct revenue was $161 million, a decline of 8% year-over-year [16] Market Data and Key Metrics Changes - Tinder's MAU was down 9% year-over-year in Q2, but has stabilized since March [17] - Hinge's MAU grew 21% year-over-year in Q2, with significant share gains in key markets [17] Company Strategy and Development Direction - The company is focusing on integrating AI into its products to enhance user experience and engagement [5][11] - Match Group plans to exit live streaming services, expecting a workforce reduction of approximately 6% globally, leading to annual cost savings of about $13 million [10][52] - The company aims to return to sustained revenue growth by investing in product experience and marketing, particularly for Tinder and Hinge [26][24] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the stabilization of Tinder's user base and expects continued improvement in payer trends [30][40] - The company anticipates total revenue for Q3 2024 to be between $895 million and $905 million, reflecting a 2% to 3% year-over-year increase [20] - Management believes that the dating app market remains strong and expects to capture significant growth opportunities [12][26] Other Important Information - The company has been actively buying back shares, repurchasing 6.4 million shares for a total of $197 million in Q2 [19] - The exit from live streaming is expected to create a 50 basis point improvement in margins [52] Q&A Session Summary Question: What led to the stabilization of Tinder user growth? - Management indicated that the stabilization is due to a combination of product initiatives and strong marketing efforts [30] Question: Has Tinder returned to normal payer seasonality in Q3? - Management noted that Q3 typically sees sequential improvement in payers due to seasonal factors, and they expect to follow this pattern [32] Question: What practical improvements are being seen from changes made in Tinder? - Management highlighted that product velocity and marketing efforts are driving user engagement and positive outcomes [36] Question: What is the outlook for Tinder payers in Q3? - Management expressed confidence in achieving a sequential increase of approximately 250,000 payers in Q3 [40] Question: What is the rationale behind exiting the live streaming business? - Management explained that live streaming has lower margins and significant competition, making it less strategic for the company [52] Question: What factors are contributing to Hinge's strong performance? - Management attributed Hinge's success to continuous product improvements and effective marketing strategies [55]

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