LTR – The US Internet research team is headed by Daniel Salmon, who started working at New Street Research in 2022 after spending 18 years as the leader of the US Internet & Media research team at BMO Capital Markets. Dan graduated from Princeton University and currently resides in New York City. Investors and industry experts value his perspectives, and he frequently speaks at industry events and conferences. His quotes have been featured in major media outlets such as The Wall Street Journal.
Dan presented his research and analysis of the dating industry. He begins by acknowledging the negative sentiment surrounding public dating stocks and the concerns over the saturation and maturing of the sector. He presents a chart showing the historical valuation of dating companies on a profitability metric called Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) and notes that there has been a significant pullback in enthusiasm for the industry in recent years. Despite this, he believes that the dating industry still has growth potential and the larger players have advantages, such as the potential to acquire smaller businesses.
The April LTR was kindly sponsored by technology providers Livebox by The Meet Group, Courtland Brooks and Matchmaker.com