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) announces a conference call on November 3, 2021, at 8:30 a.m. ET, to discuss its third quarter 2021 financial results. The earnings report will be released after market close on November 2, accompanied by supplemental investor materials that may include forward-looking information. Interested parties can access the live webcast and replay at Match Group's investor relations page.
Match Group (NASDAQ: MTCH) has completed a significant financial maneuver by repurchasing approximately $414 million of 0.875% exchangeable senior notes due 2022 for around $1.5 billion. The repurchase was facilitated through privately negotiated agreements and funded by proceeds from a direct offering of over 5.5 million shares at $158.83 each, alongside the termination of certain hedging transactions and a private offering of $500 million in senior notes due 2031. Post-repurchase, approximately $104 million of these notes remain outstanding.
On Sept. 30, 2021, Match released preliminary findings from its 11th annual Singles in America study, revealing significant insights about singles' attitudes towards vaccination in dating. Key findings show that 58% of singles consider vaccination status vital when dating, surpassing traditional deal-breakers like political views and religion. Among singles, 73% report being vaccinated, with 65% preferring vaccinated partners. Contrary to expectations of a post-pandemic romantic surge, 85% of singles feel sex is less important now, with many adopting a cautious approach to intimacy.
On September 23, 2021, Match Group (NASDAQ: MTCH) announced a Registered Direct Offering of its common stock, with pricing based on a five-day volume-weighted average price, expected to close on October 4, 2021. The proceeds will primarily fund the repurchase of 0.875% exchangeable senior notes due 2022 through private negotiations. J.P. Morgan Securities LLC is acting as the exclusive placement agent. The offering is not a solicitation to sell or buy securities in unlawful jurisdictions.
Match Group (NASDAQ: MTCH) announced a $500 million offering of 3.625% senior notes due 2031, set to close on October 4, 2021. The proceeds will primarily fund the repurchase of 0.875% exchangeable senior notes due 2022 and other corporate purposes. The offering is made to qualified institutional buyers and non-U.S. persons under regulations of the Securities Act. This move indicates a strategy to manage existing debt and optimize capital allocation.
Match Group (NASDAQ: MTCH) announced a registered direct offering of its common stock on September 22, 2021. The number of shares and price per share will be determined beginning September 24, 2021. Proceeds will be used to repurchase 0.875% exchangeable senior notes due 2022 through private agreements with current note holders. J.P. Morgan Securities LLC will serve as the placement agent for the offering. This announcement does not constitute an offer to sell or a solicitation to buy securities in any unlawful jurisdiction.
Match Group (NASDAQ: MTCH) announced its intention to offer $500 million in senior notes due 2031. The offering aims to fund the repurchase of 0.875% exchangeable senior notes due 2022 and support general corporate purposes. The private offering will be available to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. The notes will remain unregistered under the Securities Act, emphasizing the exclusive nature of this offer.
Match Group (NASDAQ: MTCH) appointed Renate Nyborg as CEO of Tinder, effective September 27, 2021. She previously served as General Manager for Europe, the Middle East, and Africa, showcasing her marketing and leadership skills. Nyborg is the first female CEO of Tinder since its launch in 2012. With a strong background in mobile and subscription business growth, she aims to enhance user engagement and safety. Under her leadership, Tinder recorded a record 9.6 million payers in the latest earnings report, highlighting robust growth.
Match Group (NASDAQ: MTCH) announced that Gary Swidler, Chief Operating Officer & Chief Financial Officer, will participate in a fireside chat at Citi's 2021 Global Technology Virtual Conference on September 13 at 1:50 p.m. ET. A live webcast and replay will be available at Match Group Events. Match Group offers a portfolio of brands designed to help users create meaningful connections across various platforms and languages, including Tinder®, Match®, and OkCupid®.
Plenty of Fish launches the "Plenty of Pets" campaign aimed at helping singles connect through their love of pets. The initiative includes exclusive livestreaming events featuring adoptable pets and a performance by Moshow, the Cat Rapper. The campaign is backed by a $50,000 donation to Petco Love, a nonprofit focused on saving pet lives. A survey reveals that 97% of single pet owners consider pets part of their family, with 61% believing pets are ideal icebreakers in dating. Events will take place throughout August 2021, creating engaging, low-pressure environments for singles to meet.
FAQ
What is the current stock price of Match Group (MTCH)?
What is the market cap of Match Group (MTCH)?
What does Match Group, Inc. do?
Where is Match Group headquartered?
What are Match Group's primary revenue sources?
What recent safety features has Tinder introduced?
What is the 'Hidden Words' feature on Hinge?
What is Match Group's approach to social responsibility?
Who are some of Match Group's notable partners?
When did Match Group go public?
What is the 'Tech Against Scams' coalition?
How can I access Match Group's financial updates?
