Match Group, the parent company of popular dating apps such as Tinder and Hinge, has seen significant volatility recently. Key insights revealed at the
Morgan Stanley Technology, Media & Telecom Conference show the company's plans going ahead, featuring a blend of worry and optimism. The appointment of
Spencer Rascoff, co-founder of Zillow, as the new CEO is anticipated to bring fresh strategic orientation. However, the user engagement data suggests a slowing trend, which might affect the company's annual forecast negatively.
Investor concerns have been voiced following class action lawsuit targeted at seeking recovery for investors. Match Group's Q4 earnings missed estimates, but its
revenue per user grew by 8%, thanks to Hinge's impressive performance. Notably, the company's enterprise value seems undervalued, with a projected 12% yield through 2027. Despite perceived weaknesses in Tinder's performance and negative sentiment as a result of class actions, many significantly
large investment groups have increased their stake in MTCH, indicating a bullish outlook for the longer-term. Still, Barclays, Jefferies, and BTIG have lowered their ratings due to ongoing challenges faced by Tinder.
Match Group MTCH News Analytics from Wed, 06 Nov 2024 08:00:00 GMT to Thu, 20 Feb 2025 06:29:25 GMT -
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- Information 6
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