Professional
Added to YB: 2024-02-01
Pitch date: 2024-02-01
MTCH [neutral]
Match Group, Inc.
-13.26%
current return
Author Info
Company Info
Match Group, Inc. engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users’ likelihood of connecting with others.
Market Cap
$8.2B
Pitch Price
$36.82
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.77
P/E
13.53
EV/Sales
3.28
Sector
Interactive Media and Services
Category
turnaround
Match Group 4Q23 Update
MTCH Q4: Tinder payers -8% to 10M, rev +11% on 21% RPP growth. Pricing drove payer loss, stabilization delayed to Q3. Product refresh for younger users key to revitalization. $100M investment in Tinder & marketing. Hinge growing. Elliott stake may optimize apps & R&D spend. $1B buyback. Upside if payer growth resumes.
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