Match Reported Better-Than-Expected 4Q Results; Raising FVE to $37; Shares Fairly Valued
Tinder keeps bringing more users for Match Group, helping the firm post another strong quarter, beating our internal expectations and consensus on the top and bottom lines. Tinder and the latest, Tinder Gold, continue to attract users, more than we originally anticipated. In addition, those users are more easily monetized, supporting our network-effect-based narrow moat rating for Match. The Tinder brand has a much stronger hold on the singles market than we first projected, and it appears that ...
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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