Match Group (MTCH, Buy, $54 target) MTCH First Take: Positioning for a break up?
What's New: In this first take following tonight’s results, we focus on:1. Tinder a la carte (ALC) rollout delayed, clouding outlook for the flagship app
2. Tinder MAU trends under more pressure since mid-Sept: back to school hangover?
3. Are new segment profit disclosures a precursor to “exploring strategic alternatives?”
4. What does all of this imply for the Investor Day? And the CFO transition?
5. What to do with the stock
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.
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