Match Beats 2Q Expectations and Raises 2018 Guidance; Increasing FVE to $45; Shares Fairly Valued
Match Group reported second-quarter 2018 results that easily beat our expectations and consensus. Tinder continues to add new users, of which more than half are paid subscribers, which we believe supports our network effect based narrow-moat rating of this firm. In addition, while the risk associated with Facebook’s plan to get into online dating remains, we continue to believe it will be a difficult task for Facebook to displace this narrow moat name. We adjusted our top- and bottom-line assump...Match Group is a provider of dating products available in over 40 languages to its users all over the world through applications and websites it owns and operates. The company operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs and Hinge, as well as a number other brands. Through its portfolio of brands, the company provides tailored products to meet the varying preferences of its users. All the company's products enable users to establish a profile and review other users' profiles without charge. Each product also provides additional features, some of which are free, and some of which require payment depending on the particular product.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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