Match Group (MTCH) reported second-quarter 2024 earnings of 48 cents per share, in line with the Zacks Consensus Estimate. The bottom line remained flat compared to the year-ago quarter's reported figure. Revenues of $864.07 million increased 4% year over year and beat the Zacks Consensus Estimate by 0.9%. On a FX-neutral basis, revenues increased 8% from the prior-year quarter to $892 million. Direct revenues were $848.13 million, up 4% year over year, whereas indirect revenues were $15.93 million, which i ...

Match Group, Inc. (NASDAQ:MTCH) Q2 2024 Earnings Conference Call July 31, 2024 9:00 AM ET Company Participants Tanny Shelburne - Senior Vice President, Investor Relations Bernard Kim - Chief Executive Officer Gary Swidler - President and Chief Financial Officer Conference Call Participants Nathan Feather - Morgan Stanley Jason Helfstein - Oppenheimer Youssef Squali - Truist Securities Dan Salmon - New Street Research Ken Gawrelski - Wells Fargo Chris Kuntarich - UBS Justin Patterson - KeyBanc Cory Carpenter ...

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Eoneren/E+ via Getty Images Investment Thesis Match Group (NASDAQ:MTCH), the owner of the largest global portfolio of popular online dating services such as Tinder, Hinge, OkCUpid, etc., reported their Q2 FY24 earnings yesterday, which showed that users continue to flock to their Hinge dating app while eschewing Tinder. The Dallas, TX-headquartered company reported Q2 sales that marginally beat expectations, while earnings came in line with consensus estimates. Match Group has recently been the target of mu ...

Here is how Match Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Payers - Europe Payers Payers - Total : 14.84 million versus 14.81 million estimated by six analysts on average. : 6.74 million versus 6.71 million estimated by five analysts on average. Revenue- Total Direct Revenue Revenue- Direct Revenue- Tinder : 3.61 million versus the five-analyst average estimate of 3.55 million. : $848.13 million versus the six-analyst a ...

Match Group (MTCH) came out with quarterly earnings of $0.48 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. There are no easy answers to this key question, but one reliable measure that can help in ...

Exhibit 99.1 Letter to Shareholders Q2 2024 | July 30, 2024 Second Quarter 2024 Financial Highlights • Total Revenue grew 4% over the prior year quarter to $864 million. On a foreign exchange ("FX") neutral ("FXN") basis, Total Revenue was up 8% over the prior year quarter to $892 million. • Adjusted Operating Income was $306 million, an increase of 2% over the prior year quarter, representing an Adjusted Operating Income Margin of 35%. • Tinder Direct Revenue was up 1% (4% FXN), while collectively our othe ...

DALLAS, July 30, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) posted its second 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, July 31, 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 SOURCE Match Group Match Group (NASDAQ: MTCH), through its portfolio co ...

The company's earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 22.38%. Growing initiatives in price optimizations and new weekly subscription packages are expected to have further bolstered Tinder's performance in the second quarter of 2024. However, sluggish growth in total payers due to pricing optimizations in the United States is expected to have been a headwind for the company. What Our Model Says Here are some companies worth considering, as our ...

The creation of social media has completely changed the way people live. People can text, call, and even Facetime friends and families from the other side of the world within a second. The power of social media apps is growing by the day. As a result, social media stocks are now some of the best stocks you can buy. Source: testing / Shutterstock.com However, experts are cautioning people on how dangerous it is to be so connected to social media. Specifically, a lot of new social media applications are targe ...