Match Group Inc

MTCH

Equity

ISIN US57667L1070 / Valor 55592511

NASDAQ (2025-03-14)

USD 30.94+2.86%

Match Group Inc
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Match Group Inc. is a company that operates a portfolio of online dating services, including Tinder, Match.com, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime.

Summarized from source with an LLMView SourceSector: Telecommunications

Revenue Growth

In the third quarter of 2024, Match Group Inc. reported a revenue of $895.5 million, reflecting an increase from $881.6 million in the same quarter of the previous year. This growth was driven by strong performance across its various platforms, including Tinder and Hinge.

Net Earnings

Match Group Inc. achieved net earnings of $136.5 million in Q3 2024, compared to $163.8 million in Q3 2023. The decrease in net earnings was influenced by higher operating costs and expenses during the quarter.

Earnings Per Share

For the third quarter of 2024, Match Group Inc. reported basic earnings per share of $0.53 and diluted earnings per share of $0.51. This is a slight decrease from the basic earnings per share of $0.59 and diluted earnings per share of $0.57 reported in the third quarter of 2023.

Cash and Debt Position

As of September 30, 2024, Match Group Inc. held $861 million in cash and cash equivalents and short-term investments. The company also reported long-term debt of $3.9 billion, with $3.5 billion being fixed-rate debt, including $1.2 billion of Exchangeable Senior Notes.

Outlook

Match Group Inc. remains optimistic about its future growth prospects, supported by its diverse portfolio of dating platforms. The company continues to focus on enhancing user experience and expanding its global reach to drive revenue growth in the coming quarters.

Summarized from source with an LLMView Source

Key figures

-7.14%1Y

-63.6%3Y

%5Y

Performance

39.3%1Y

48.8%3Y

47.4%5Y

Volatility