GURU FOCUS – Match Group is well-positioned for growth in the online dating industry. The company recently launched a new dating app called Archer for gay, bisexual, and queer men. Financially, Match Group reported steady revenue and operating income for the Q1 of 2023, with strong performance from Tinder and Hinge. The company has a solid balance sheet, with cash and short-term investments of $578M and a long-term debt of $3.9B. Match Group plans to return at least half of its free cash flow to shareholders and has authorized a $1B share buyback program.
by Tom Kerr
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