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) has announced that Steven Bailey, the company's incoming Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Technology, Media & Telecom Conference. The event is scheduled for Monday, March 3 at 1:00 p.m. Eastern Time (ET).
The company will provide both a live webcast and replay of the fireside chat, which will be accessible through Match Group's investor relations website at https://ir.mtch.com/investor-relations/news-events/events-archive/.
Match Group (MTCH) reported its Q4 and full-year 2024 results. Full-year total revenue reached $3.5 billion, growing 3% Y/Y (6% FX neutral), driven by an 8% increase in Revenue Per Payer to $19.12, despite a 5% decline in Payers to 14.9 million.
Operating Income was $823 million, down 10% Y/Y, with a 24% margin. The company generated $933 million in Operating Cash Flow and $882 million in Free Cash Flow. MTCH repurchased $753 million of stock in 2024, representing 22.2 million shares.
For Q4 2024, revenue was $860 million, down 1% Y/Y, with Operating Income of $223 million, down 14% Y/Y. Tinder saw a 3% Y/Y revenue decline in Q4, while Hinge grew 27% Y/Y to $148 million. The company plans to focus on AI innovations and product improvements across its portfolio in 2025.
Match Group (NASDAQ: MTCH) has appointed Spencer Rascoff as Chief Executive Officer, effective immediately. Rascoff, who joined the company's Board in March 2024, succeeds Bernard Kim, who is stepping down as CEO and Board member.
Rascoff brings significant experience in scaling consumer tech businesses, having served as co-founder and CEO of Zillow Group, where he transformed it into a category-defining platform. He also co-founded Hotwire and Pacaso, and has been an active investor in high-growth technology companies.
The appointment comes as Match Group, which owns over 20 dating brands including Tinder, Hinge, OkCupid, and Pairs, continues to execute its growth strategy outlined at December's Investor Day. The company is focusing on AI-powered features and product innovations to enhance user experiences and drive long-term value for shareholders.
Match Group (NASDAQ: MTCH) has announced it will host a conference call to discuss its fourth quarter 2024 financial results on Wednesday, February 5, 2025, at 8:30 a.m. Eastern Time. The company will release its Q4 results and supplemental investor materials after market close on Tuesday, February 4. The webcast will provide investors with detailed insights into the company's financial performance for the last quarter of 2024.
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.
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