NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Match Group, Inc. ("Match Group, Inc.") (NASDAQ:MTCH) concerning possible violations of federal securities laws. On November 7, 2024, Investopedia published an article entitled "Match Group Stock Slips as Fourth Quarter Outlook Disappoints.
NEW YORK, NY / ACCESSWIRE / November 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Match Group, Inc. ("Match Group, Inc.") (NASDAQ:MTCH) concerning possible violations of federal securities laws. On November 7, 2024, Investopedia published an article entitled "Match Group Stock Slips as Fourth Quarter Outlook Disappoints.
Stocks for the parent companies of Tinder and Bumble wavered this week after the companies reported earnings. Tinder cautioned investors it expected another drop in paying users in the fourth quarter.
MTCH's third-quarter results benefit from strength in Hinge direct revenues and downloads despite sluggish growth in total payers.
Match Group, Inc. (NASDAQ:MTCH ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants Tanny Shelburne - Senior Vice President, Investor Relations Bernard Kim - Chief Executive Officer Gary Swidler - President and Chief Financial Officer Conference Call Participants Ross Sandler - Barclays Benjamin Black - Deutsche Bank Jason Helfstein - Oppenheimer John Blackledge - TD Cowen Nathan Feather - Morgan Stanley Ygal Arounian - Citigroup Cory Carpenter - JPMorgan Justin Patterson - KeyBanc James Heaney - Jefferies Daniel Salmon - New Street Research Shweta Khajuria - Wolfe Research Curtis Nagle - Bank of America Operator Good day and welcome to the Match Group Third Quarter 2024 Earnings Conference Call. All participants will be in a listen-only mode.
Shares of online dating giant Match Group (MTCH) tumbled Thursday morning despite a third-quarter earnings beat released after the bell Wednesday.
Match Group's Q3 results missed estimates, with declining revenues and tepid Q4 forecasts, challenging the promised turnaround and sparking activist investor pressure. Falling revenue per user and conflicting ALC features and subscription strategies are worsening unit economics, particularly impacting Tinder's performance. Despite weak Q3 results, activist investors' interest in Match's turnaround remains strong, potentially driving significant changes at the company.
While the top- and bottom-line numbers for Match Group (MTCH) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Match Group (MTCH) came out with quarterly earnings of $0.51 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.57 per share a year ago.
Match Group forecast fourth-quarter revenue below Wall Street estimates on Wednesday, signaling weak demand for its dating apps as customers cut back on discretionary spending.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Match Group (MTCH), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended September 2024.
Match Group (MTCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.