YAHOO FINANCE – Match reports on Aug 1 and expects Q2 revenues of $805-$815 million. Zacks Consensus Estimate is $814m, indicating 2.4% growth year over year. Match Q2 performance is likely to have benefited from continued momentum at Tinder and solid performance of Hinge, Pairs and OkCupid.
- In the first quarter, the number of total payers increased 10% to 16.4 million from the prior-year quarter. Match Group is persistently investing for the improvement of machine learning tools that can efficiently and proactively identify, prevent and eliminate spam.
- The launch of Archer should boost users.
- In Q1, Match Group introduced a new feature called 72 hours which promotes more meaningful connections with a time-sensitive experience.
- The acquisitions video tech company, Hyperconnect and non-dating app Ablo might aid international revenue. Hyperconnect continues to build momentum.
- Hinge rolled out features which address questions around sexuality and features answers from leading LGBTQIA+ voices. This is likely to have attracted subscribers.
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Mark Brooks: I wonder how Match Groups' experiments with high-end value points, i.e. $500 a month, will play out? That move will certainly inspire and impact the industry. I believe we are leaving money (value) on the table. People want more. We need to find new ways to give it to them.
