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Match Group (MTCH) Reliance on International Sales: What Investors Need to Know
Zacks Investment Research· 2024-05-13 17:01
Have you looked into how Match Group (MTCH) performed internationally during the quarter ending March 2024? Considering the widespread global presence of this media and internet company, examining the trends in international revenues is essential for assessing its financial resilience and prospects for growth. In the current global economy, which is more interconnected than ever, a company's success in penetrating international markets is crucial for its financial health and growth journey. Investors must u ...
Match Group to Present at the J.P. Morgan Global Technology, Media, and Communications Conference
PRNewsWire· 2024-05-09 20:11
DALLAS, May 9, 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 J.P. Morgan Global Technology, Media, and Communications Conference on Tuesday, May 21 at 8:50 a.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 GroupMatch Group (NASDAQ: MTCH), through its portfolio companies, is a leading provider of digi ...
Match Group(MTCH) - 2024 Q1 - Quarterly Report
2024-05-08 20:06
As filed with the Securities and Exchange Commission on May 8, 2024 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Quarterly Period Ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________to__________ Commission File No. 001-34148 Match Group, Inc. (Exact name of registrant as sp ...
Match Group (MTCH) Q1 Earnings Beat Estimates, Revenues Up Y/Y
Zacks Investment Research· 2024-05-08 17:11
Match Group (MTCH) reported first-quarter 2024 earnings of 44 cents per share, which increased 4.8% from the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 10%.Revenues of $859.65 million increased 9% year over year and beat the Zacks Consensus Estimate by 0.4%. On a foreign-neutral basis, revenues increased 12% from the prior-year quarter to $880 million.Direct revenues were $845.3 million, up 9% year over year, whereas indirect revenues were $14.35 million, which increased 13% from ...
Why Investors Swiped Left on Match Group Stock Today
The Motley Fool· 2024-05-08 15:49
At just 7 times current year free cash flow, Match Group looks like a turnaround stock.Match Group (MTCH -5.08%) stock slumped 6% through 10:10 a.m. ET on Wednesday despite "beating earnings" Tuesday evening. Analysts forecast the online dating app would earn $0.40 per share on $855.5 million in first-quarter sales. In fact, Match reported a profit 10% higher -- $0.44 per share -- and superior sales of $859.6 million.Its stock dropped anyway.Match Group Q1 earningsThose headline numbers hide some uncomforta ...
Match Group(MTCH) - 2024 Q1 - Earnings Call Transcript
2024-05-08 15:13
Match Group, Inc. (NASDAQ:MTCH) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Tanny Shelburne - SVP, IR Bernard Kim - CEO Gary Swidler - President & CFO Conference Call Participants Benjamin Black - Deutsche Bank Nathan Feather - Morgan Stanley Ken Gawrelski - Wells Fargo Jason Helfstein - Oppenheimer Chris Kuntarich - UBS Dan Salmon - New Street Research Justin Patterson - KeyBanc Cory Carpenter - JPMorgan Ygal Arounian - Citigroup Jian Li - Evercore ISI James Heaney - Jeffer ...
Match Group Forecasts Revenue Below Analyst Estimates
PYMNTS· 2024-05-08 00:25
In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly revenue.The Dallas-based company has been grappling with weaker discretionary spending by users amid an uncertain economy, Reuters reported Tuesday (May 7).Match Group said Tuesday that its revenue growth is anticipated to be at the lower end of its previously stated 6% to 9% range, according to the report. For the second quarter ending in June ...
Match Group (MTCH) Reports Q1 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-05-07 23:01
For the quarter ended March 2024, Match Group (MTCH) reported revenue of $859.65 million, up 9.2% over the same period last year. EPS came in at $0.44, compared to $0.42 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $855.9 million, representing a surprise of +0.44%. The company delivered an EPS surprise of +10.00%, with the consensus EPS estimate being $0.40.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...
Match Group Reports First Quarter 2024 Results
Prnewswire· 2024-05-07 20:11
DALLAS, May 7, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) posted its first quarter 2024 shareholder letter on the investor relations section of its website at https://ir.mtch.com. As announced previously, the Company will host a conference call tomorrow, Wednesday, May 8, 2024, at 8:30 a.m. Eastern Time (ET) to discuss the results. The live webcast and replay will be open to the public at https://ir.mtch.com. About Match Group Match Group (NASDAQ: MTCH), through its portfolio companies, is a leading pr ...
Seeking Clues to Match Group (MTCH) Q1 Earnings? A Peek Into Wall Street Projections for Key Metrics
Zacks Investment Research· 2024-05-02 14:21
Wall Street analysts expect Match Group (MTCH) to post quarterly earnings of $0.40 per share in its upcoming report, which indicates a year-over-year decline of 4.8%. Revenues are expected to be $855.9 million, up 8.7% from the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Prior to a company's earnings rel ...