Match Group is currently operating in a challenging macro-economic environment and its stock price has been tumbling over the past few months. The company’s results were mixed and it surpassed the revenue expectations of Wall Street but missed out on earnings. Excluding the forex impact, Match Group delivered double-digit growth given the fact that Tinder has been performing quite well. Match Group has made some big changes to improve operations and organizational efficiencies. The company is starting to focus on providing its women users with more customized experiences, also targeting Gen Z. This quarter, Hinge continued to be in a bright position. They are offering their localization strategy for growing market share and users globally with the successful launch in Germany. The company continues to pull back some of its established brands as well as Plenty of Fish especially impacted by the macroeconomic conditions. It is planning to invest in The League, which it acquired this year, believing it has solid growth potential. It is quickly moving and is adjusting its ALC merchandizing to emphasize smaller bundles for its more price-sensitive customers. We provide the stock of Match Groups with a ‘Hold’ rating and a revision in the target price.
Our Report Structure:
⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
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