On August 1 2023, MATCH GROUP ($NASDAQ:MTCH) reported its earnings for the second quarter of FY2023, with a June 30 2023 ending date. Total revenue for the quarter totaled USD 829.5 million, up 4.4% year-over-year, and net income was USD 137.3 million, a marked improvement from a loss of USD 31.9 million in the same quarter of the prior year.
Stock in the publicly traded company opened that morning at $45.7 and closed with a price of $46.2, a decrease of 0.8% from the prior closing price of $46.5. MATCH GROUP is the parent company of popular global dating app, Tinder, and other popular online dating services such as Match.com, OkCupid, and Hinge. The company is globally engaged in providing online dating products and services through its portfolio of brands. Overall, MATCH GROUP’s Q2 FY2023 earnings results show that the company continues to be successful in providing a valuable service to its users and generating strong financial results for its shareholders. Live Quote…
About the Company
Ownership (Institutional/ Fund Holdings)
Below shows the total revenue, net income and net margin for Match Group. More…
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Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Match Group. More…
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Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Match Group. More…
Balance Sheet (Yearly/ Quarterly)
Balance Sheet Supplement
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Key Ratios Snapshot
Some of the financial key ratios for Match Group are shown below. More…
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Analysis – Match Group Stock Fair Value Calculator
At GoodWhale, we conducted a thorough analysis of the fundamentals of MATCH GROUP. After doing so, our proprietary Valuation Line determined that the fair value of MATCH GROUP share is around $107.9. However, the stock is currently being traded at $46.2. This means that the stock is currently undervalued by 57.2%. Our research has shown that investors may gain handsomely from buying the MATCH GROUP stock at its current price. More…
Risk Rating Analysis
Star Chart Analysis
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MATCH GROUP delivered strong financial results for the second quarter of FY2023, with total revenue increasing 4.4% year-over-year to USD 829.5 million and net income improving significantly from a loss of USD 31.9 million in the same quarter of the prior year to USD 137.3 million. Analysts are generally positive on the company due to its growth prospects and solid financial performance. Investors may want to consider allocating some funds to the stock, as it has shown consistent growth and has a great potential for further expansion.