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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Match Group, Inc.    MTCH

MATCH GROUP, INC.

(MTCH)
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Match : beats sales estimates as more stay-at-home users sign up for online dating

11/04/2020 | 04:12pm EST

Nov 4 (Reuters) - Match Group Inc on Wednesday reported quarterly revenue above Wall Street estimates, as more users signed up on its app Tinder to meet new people in the midst of social distancing restrictions induced by COVID-19.

Tinder, a major revenue generator for Match, added about 400,000 subscribers in the third quarter, taking its total average subscribers to 6.6 million and pushing its direct sales up 15% year-over-year.

Tinder dominated the U.S. dating market with close to 5.1 million average daily active users and 3.9 million downloads during the quarter, according to data from analytics firm Apptopia.

Match said its total revenue rose 18% to $639.8 million in the quarter ended Sept. 30, beating analysts' estimates of $605.1 million, according to IBES data from Refinitiv.

The company said growth in North America subscribers was primarily driven by apps including Tinder, Hinge, BLK and Chispa, while international subscribers mainly signed up on Tinder.

Average subscribers on Match's apps, which also include OkCupid and Plenty of Fish, increased 12% to 10.8 million during the quarter.

Net earnings attributable to Match shareholders rose to $132.6 million, or 46 cents per share, from $128.5 million, or 63 cents per share, a year earlier. (Reporting by Eva Mathews in Bengaluru; Editing by Maju Samuel)


© Reuters 2020
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Financials (USD)
Sales 2020 2 391 M - -
Net income 2020 498 M - -
Net Debt 2020 2 906 M - -
P/E ratio 2020 80,2x
Yield 2020 -
Capitalization 39 645 M 39 645 M -
EV / Sales 2020 17,8x
EV / Sales 2021 14,7x
Nbr of Employees 8 700
Free-Float 98,0%
Chart MATCH GROUP, INC.
Duration : Period :
Match Group, Inc. Technical Analysis Chart | MTCH | US57667L1070 | MarketScreener
Technical analysis trends MATCH GROUP, INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 147,42 $
Last Close Price 149,05 $
Spread / Highest target 24,1%
Spread / Average Target -1,09%
Spread / Lowest Target -41,6%
EPS Revisions
Managers and Directors
NameTitle
Sharmistha Dubey Chief Executive Officer & Director
Joseph M. Levin Executive Chairman
Gary Swidler Chief Operating & Financial Officer
Stephen Bailey Independent Director
Melissa Brenner Director
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