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 (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.
Match Group (NASDAQ: MTCH) has released its second quarter 2024 financial results. The company has made the shareholder letter available on its investor relations website. Match Group will host a conference call on Wednesday, July 31, 2024, at 8:30 a.m. Eastern Time to discuss the results in detail. Both the live webcast and a replay of the call will be accessible to the public through the company's investor relations website.
Starboard Value LP, holding approximately 6.6% of Match Group's (NASDAQ: MTCH) outstanding common shares, has sent a letter to the company's leadership outlining opportunities to enhance shareholder value. The letter addresses initiatives for improving growth, profitability, and capital allocation following long-term share price underperformance.
Starboard believes Match is a high-quality market leader in the expanding online dating market with potential to generate over $5.50 of free cash flow per share by 2026. However, the letter also urges the board to remain open to strategic alternatives, including a potential sale, if turnaround efforts prove challenging.
Chispa, the leading dating app for Latino singles, announced a partnership with Sorry Papi for a summer college tour across eight cities. The tour begins in Salt Lake City, UT, and includes stops in Louisville, KY; Cincinnati, OH; Champaign, IL; Minneapolis, MN; Dallas, TX; Anaheim, CA; and Sacramento, CA. Sorry Papi, known for its female-centric celebrations, collaborates with Chispa to create an exciting cultural experience for Latino communities. Events will include music, dancing, and chances to win trips to Puerto Rico or Baja Beach. This partnership aims to foster cultural pride and meaningful connections among attendees.
Match Group (NASDAQ: MTCH) will host a webcast to discuss its Q2 2024 financial results on July 31, 2024, at 8:30 a.m. ET. The financial results for the second quarter will be released after market close on July 30, 2024, along with supplementary investor materials. These results will provide insight into the company's financial performance for the quarter, including key metrics and figures. Investors and analysts can access the webcast to hear more about the company’s performance and ask questions directly to the management team.
Match has announced a partnership with Jay Shetty, a global bestselling author and podcast host, to serve as its Relationship Advisor. The collaboration aims to address dating challenges by integrating Shetty's relationship guidance into the app. Key features include the Date Differently Challenge and the Core Values feature, which helps users focus on meaningful aspects like family and faith. This partnership follows findings from Match's 13th Annual Singles in America Study, which revealed that 20% of active daters feel that no one is right for them. The objective is to shift the dating mindset, encouraging openness and vulnerability.
On May 21, 2024, leading tech firms including Match Group, Coinbase, Meta, and Ripple announced the formation of Tech Against Scams, a coalition to combat online fraud. This initiative will target financial scams, such as romance frauds and crypto scams like 'pig butchering.'
Tech Against Scams aims to share best practices, threat intelligence, and educational resources across industries to protect users. The coalition builds on a collaboration initiated last summer by Match Group, Coinbase, and Meta to understand cross-platform threats.
The coalition will also work closely with law enforcement to support investigations against online fraud.
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?
