Welcome to our dedicated page for Match Group news (Ticker: MTCH), a resource for investors and traders seeking the latest updates and insights on Match Group stock.
Match Group, Inc. (NASDAQ: MTCH) is a global leader in providing online dating products, headquartered in Dallas, Texas. The company boasts a diverse portfolio of well-known brands such as Tinder, Match.com, OkCupid, Hinge, PlentyOfFish, Meetic, and OurTime, among many others. Since its public debut in 2015, Match Group has expanded its reach across more than 40 languages and numerous countries, connecting millions of users worldwide.
Match Group generates its revenue primarily from user fees (95%) and advertising (5%). The company has made significant strides in enhancing user safety and authenticity. For instance, Tinder recently announced the expansion of its ID Verification option to the US, UK, Brazil, and Mexico. This feature uses a combination of a video selfie and a valid ID to verify user profiles, aiming to create a safer dating environment.
Recent achievements also highlight Match Group's commitment to social responsibility. The company's fourth annual Impact Report showcases its dedication to environmental, social, and governance performance, underlining initiatives aimed at creating meaningful and safe connections for users.
In terms of partnerships, Match Group's brand Stir has teamed up with Therabody to support single parents, offering them tools and tips to alleviate back pain. Additionally, Hinge has introduced the 'Hidden Words' feature, which allows users to filter out unwanted words, phrases, and emojis, further enhancing user safety and confidence.
On the financial front, Match Group remains robust, regularly updating shareholders and the public with its financial performance and strategic initiatives. The company's latest shareholder letter, released in May 2024, continues to reflect its strong market position and future growth prospects.
Match Group is also a proactive participant in industry-wide collaborations. It has joined forces with companies like Coinbase, Meta, and Ripple in the 'Tech Against Scams' coalition, focusing on combating online fraud and scams.
Match Group (NASDAQ: MTCH) announced significant shareholder return initiatives during its inaugural Investor Day, including a new quarterly dividend program and share buyback authorization. The company will initiate a $0.19 quarterly dividend (approximately 2% annual yield), payable January 21, 2025, and authorized a $1.5 billion share buyback program.
The company plans to return at least 100% of free cash flow to shareholders over the next three years through dividends and buybacks, with at least 75% through the buyback program. For Q4 2024, Match Group expects to meet revenue targets excluding FX impacts but anticipates results below previous guidance when including approximately $15 million in larger-than-expected FX impacts. The company maintains its target for 36% Adjusted Operating Income margin for full-year 2024.
Match Group (MTCH) announced the release of its third quarter 2024 financial results, which have been published in a shareholder letter available on the company's investor relations website. The company has scheduled a conference call for November 7, 2024, at 8:30 a.m. ET to discuss the quarterly results. Both the live webcast and replay of the conference call will be accessible to the public through the company's investor relations website.
Match Group (NASDAQ: MTCH) has announced that it will host a webcast conference call on Thursday, November 7, 2024, at 8:30 a.m. Eastern Time to review its third quarter 2024 financial results. The company plans to publish its Q3 results and supplemental investor materials after the market closes on Wednesday, November 6. These materials may include forward-looking statements and non-GAAP financial measures.
Investors and analysts will have the opportunity to access the live webcast of the conference call through Match Group's Investor Relations website. For those unable to join the live event, a replay of the webcast will be available shortly after the call concludes.
Match Group has announced the appointment of Steven Bailey as Chief Financial Officer, effective March 1st, 2025. Bailey, currently the Senior Vice President of Financial Planning & Business Operations, will take over from Gary Swidler, who will continue as President of Match Group. Bailey's promotion underscores the company's focus on driving long-term strategic growth and cost discipline.
In his new role, Bailey will oversee investor relations, accounting, tax, and treasury, in addition to his current responsibilities. Match Group CEO Bernard Kim expressed confidence in Bailey's deep expertise and operational knowledge.
The company also announced its inaugural Investor Day to be held in New York City on December 11th at 9:00 a.m. ET. The event will provide a comprehensive overview of Match Group's long-term vision, product roadmaps, and key growth initiatives.
Plenty of Fish, a popular dating app, has unveiled its eighth annual list of dating trends for 2025. The survey, which polled nearly 6,000 U.S. members, reveals how TikTok and social media continue to influence dating culture. New terms introduced include:
Smutten: 33% of singles fantasize about romantic storylines from TV, movies, or books becoming their reality.
Freak Matching: 39% of singles connect over shared quirks or eccentricities.
Yap-Trapping: 49% of singles have experienced dates who only talk about themselves.
StICKing: 36% of daters look past initial 'icks' to pursue someone romantically.
Grim Keeping: 28% bond over shared dislikes or their 'darker side'.
These trends reflect the impact of pop culture on dating and encourage singles to embrace authenticity and enjoy new experiences.
Match Group, Uber, and 'It's On Us' have joined forces to promote safe dating practices among college students. They've created a comprehensive guide offering expert safety tips for online interactions, in-person meetings, and ride-sharing. The initiative aims to reach millions of students across 2,000+ colleges and universities nationwide.
The guide highlights app-specific safety features like Verification and Reporting on Tinder and Hinge, as well as Uber's Check Your Ride feature. Students can access these guides through local 'It's On Us' chapters, campus ambassadors, or online. This collaboration builds on previous efforts, including Tinder's 2020 partnership with 'It's On Us' for sexual assault prevention training on college campuses.
Match Group (MTCH) has appointed Sean Edgett as Chief Legal Officer & Secretary, effective September 23, 2024. Edgett, previously Senior VP and General Counsel at Twitter and currently CLO & Secretary at UPSIDE Foods, brings over a decade of executive legal experience to Match Group. He will lead the legal team and functions across the portfolio, reporting directly to CEO Bernard Kim.
Kim highlighted Edgett's expertise in regulatory affairs, intellectual property, corporate governance, and public policy as important for navigating the rapidly changing technology landscape. Edgett expressed enthusiasm for joining Match Group, emphasizing its mission of connecting people globally through innovative technology.
Match Group's Chispa, the leading dating app for Latine singles in the U.S., is partnering with Voto Latino for the third time to empower Gen Z Latino voters for the 2024 presidential election. The collaboration aims to boost voter registration and participation through a co-branded election hub, in-app mobilization, and a new sticker collection highlighting key issues.
With 36.2 million U.S. Latinos eligible to vote this year, a 12% increase since the last election, Latinos are projected to make up 14.7% of all eligible voters in November. A recent survey by Chispa revealed that only half of the respondents voted in the 2020 Presidential Election, with top concerns being cost of living, immigration reform, and wage equality. The partnership will launch several initiatives, including a co-branded election hub and an 'Amor x Democracy' sticker collection, to engage and inform Latino voters.
Match Group (NASDAQ: MTCH) has announced that Gary Swidler, the company's President and CFO, will participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference. The event is scheduled for Tuesday, September 10th at 12:30 p.m. Eastern Time.
Investors and interested parties can access a live webcast of the fireside chat through Match Group's investor relations website. For those unable to attend or watch live, a replay of the session will also be made available on the same platform. This presentation offers an opportunity for stakeholders to gain insights into Match Group's strategies and performance directly from its top leadership.
Match Group's Chispa, in collaboration with the Center for Multicultural Science, has released the third annual 'Latine in College 2024' study, offering insights into the experiences of Hispanic college students aged 18-24. The study, conducted with 1,040 participants, reveals significant challenges faced by Gen Z Latine students:
1. Financial Pressures: 58% worry about tuition, 49% have side hustles, and 41% feel burdened by debt.
2. Immigration Issues: 41% stress about potential deportation of loved ones, while 69% oppose mass deportation.
3. Global Conflicts: 51% set boundaries to protect mental health from negative news, and 33% have cut ties over differing views on conflicts.
4. Future Outlook: 36% plan to move out of the country after graduation due to concerns.
5. Affirmative Action: 49% support it for diversity, but 44% view it as unfair to some students.
Chispa is making donations to organizations supporting Latino students in response to these findings.
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