Match Group (MTCH, Buy, $55 target) Quick Thoughts Ahead of the Print
Ahead of Tuesday PM’s earnings report and Wednesday AM’s call, we review key controversies for MTCH, including:1. Tinder payers: the moment of truth is here
2. Hinge remains a bright spot, but we tap down out-year revenue growth
3. We expect no change to 2024 margin guidance
4. Share buyback levels continue to become a greater focus
We also review what to look for in the investor letter and listen for on the earnings call, our top questions for management, potential positive and negative catalysts for MTCH.
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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