Match Group Inc


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SKU: MTCH-1 Category:


Match Group had a strong first quarter, with total revenue of $799 million, up 20% year over year. As the dollar strengthened against a number of global currencies, including the euro and the yen, the company suffered and faced $26 million in forex headwinds, excluding Hyperconnect and these had a 4% impact on the top-line. In the Americas and Europe, the company fared well during the Omicron spike as stay-at-home consumers were happy to spend on their apps to find dates. However, they continue to feel the effects of rising COVID cases in Asia, particularly Japan, despite recent significant improvements in that market following the removal of restrictions. The Russian invasion of Ukraine harmed European performance by reducing revenue in Russia, Ukraine, and several other neighbouring countries. While the macroeconomic environment presents some short-term challenges, Match Group’s long-term prospects remain positive. Their innovative and broad product portfolio, which is best in class at providing technologies to enable these critical social connections, will continue to drive their growth. We are also optimistic about their future and give it an ‘Outperform’ rating with a revised 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
⦁ Disclosures

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