WSJ – July 26 – Match Group Q2 profit was $46.6M (up 41% YOY), boosted by more online daters signing up for premium paid services. Revenue increased 21% to $301M, from $248.8M a year ago. "Tinder was a massive contributor to the quarter," Match Group CFO Gary Swidler said. Tinder added ~200k paying subscribers in the quarter.
Category: Match Group
Why IAC Keeps A Foot In The Door Of Match Group
THE MOTLEY FOOL – July 19 – Match Group's spin-off from IAC was unconventional. In this tech podcast, Motley Fool analysts Dylan Lewis and Sarah Priestley explain the context around IAC's spinoff of Match Group and why the move wasn't just a company tying its debt to a bad business and throwing it all away.
Match Group Reevaluating User Base
SEEKING ALPHA – Jul 14 – Tinder plans to make the app more transgender friendly. The app will expand the user selection from male/female to include a comprehensive list that would be more in line with the transgender community's requirements. Tinder also announced recently that it will close its operations for the under 18 age group. Tinder expects the change to impact less than 3% of its user base. The company believes that the change in the policy is needed for it to be more responsible to the community. Its stock is currently trading at $15.76 with a market capitalization of $3.78B.
by Sramana Mitra
See full article at Seeking Alpha
Match Group CFO Of Dating To Resign
STREET INSIDER – July 14 – After more than eight years of service to Match Group, Mr. Jeffrey Dawson informed the Company that he is resigning from his position as Chief Financial Officer, Dating, in order to accept a position with another company. Mr. Dawson will remain with the Company through mid-August to assist with transition.
The full article was originally published at Street Insider, but is no longer available.
Sam Yagan Takes The Helm At ShopRunner
CHICAGO TRIBUNE – Jul 12 – Yagan stepped down from running Match Group in December 2015 and joined the company's board as vice chairman. He replaces Scott Thompson, who for four years was CEO of ShopRunner. The company is headquartered near Philadelphia in Conshohocken, Penn., and has offices in San Mateo, Calif. They plan open a Chicago office, Yagan said. ShopRunner gives members free two-day shipping, free returns and special deals at partner shopping sites including Lord and Taylor and Drugstore.com. Annual memberships cost $79, while some American Express customers receive complimentary memberships.
Match Group Hires Jared Sine As General Counsel & Secretary
PRNEWSWIRE – July 7 – Sine joins Match Group from Expedia, Inc., where he served as Vice President, Associate General Counsel, overseeing all legal aspects of Expedia's mergers, acquisitions, joint ventures and other strategic initiatives, as well as all post-acquisition legal and integration matters. Sine will lead the Match Group legal team working out of the Dallas office.
Matt David Joins Match Group To Lead Global Public Affairs
PRNEWSWIRE – June 15 – Match Group hires senior political and media strategist Matt David as VP, Public Affairs. David's responsibilities will include media relations, corporate communications, policy initiatives, and marketing and PR strategy. David comes to Match Group from Outside Eyes where he was managing partner focused on public affairs and corporate positioning.
IAC CEO Levin Sees Huge Opportunities In Online Dating
BLOOMBERG – June 16 – Joey Levin, IAC's chief executive officer and Vimeo's interim chief executive officer, discusses the growth potential for online dating sites.
Sam Yagan Sells 200K Shares Of Match Group
THE MARKET DIGEST – June 8 – The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $13.24 per share for a total value of $2,648,000.00, the company said in a SEC Form 4 Filing.
by Bill Collins
The full article was originally published at The Market Digest, but is no longer available.
This post also appears on InternetDatingInvestments.
Tinder Owner Launches Photoshop-free Flirting App Fresh
O GLOBO – June 2 – Match Group has launched the new dating app, available for iOS and Android, simultaneously in France and Brasil. Fresh only allows profile selfies without any filters or alterations that must be renewed at least once in 24 hours.
