Match Group Stock Intrinsic Value – MATCH GROUP Reports Positive Earnings Results for Q2 of 2023
August 5, 2023
☀️Earnings Overview
MATCH GROUP ($NASDAQ:MTCH) reported their second quarter FY2023 earnings results on August 1 2023, showing a total revenue of USD 829.5 million and a net income of USD 137.3 million for the quarter ending June 30 2023. This was an increase of 4.4% in total revenue year-over-year and a turnaround from the prior year’s negative net income of -31.9 million.
Stock Price
On Tuesday, MATCH GROUP reported its earnings results for Q2 of 2023, and the results were positive. The stock opened at $45.7 and closed at $46.2, down by 0.8% from the prior closing price of 46.5. The earnings results showed an encouraging performance in terms of revenue and profitability, with strong growth in its core business segments. The company also reported several successful initiatives in its user acquisition and retention activities, which had a positive impact on the financial results. The company experienced a significant increase in active user engagement, leading to higher average revenue per user and overall revenue.
Additionally, MATCH GROUP’s gross margin increased significantly year over year, driven mainly by cost optimization strategies. Overall, the results reflect the successful execution of MATCH GROUP’s strategic initiatives and demonstrate the company’s commitment to creating value for its shareholders. The company is confident that these strong results will continue in the future and plans to further invest in its core business segments and user engagement to generate more long-term value. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Match Group. More…
| Total Revenues | Net Income | Net Margin |
| 3.21k | 471.43 | 18.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Match Group. More…
| Operations | Investing | Financing |
| 835.59 | -83.55 | -487.55 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Match Group. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.34k | 4.52k | -0.64 |
Key Ratios Snapshot
Some of the financial key ratios for Match Group are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -13.1% | 11.8% | 23.0% |
| FCF Margin | ROE | ROA |
| 24.2% | -180.3% | 10.6% |
Analysis – Match Group Stock Intrinsic Value
GoodWhale recently conducted a financial analysis of MATCH GROUP. Our proprietary Valuation Line gave an intrinsic value of $107.9 per share. This means that the current market price of $46.2 for MATCH GROUP stock is undervalued by 57.2%. We believe that there is a great opportunity for investors to buy this stock at its current price and take advantage of its potential upside. More…
Peers
– Baltic Classifieds Group PLC ($LSE:BCG)
Baltic Classifieds Group PLC is a leading digital classifieds business in the Baltic and Nordic region. The company operates some of the region’s most popular and successful websites, including Skelbiu, Osta.ee and City24. It has a market capitalization of 670.58M as of 2022. Its Return on Equity (ROE) is 4.84%, which is an indicator of the company’s performance and ability to generate profits from its shareholders’ investments. The company continues to grow through acquisitions and expansion into new markets, as well as developing new products and services for its customers.
– Bylog Group Corp ($OTCPK:BYLG)
Darelle Online Solutions Inc is a software development and technology consulting firm headquartered in California. It has a market cap of 552.81k as of 2022, which reflects its financial performance and potential for further growth. The company’s Return on Equity (ROE) stands at 11.04%, which is an impressive figure that highlights the efficiency of capital management within the firm. Darelle Online Solutions Inc specializes in offering IT solutions to organizations in the fields of e-commerce, automation, analytics, cloud computing, and more. The company has a talented and experienced team of specialists that are dedicated to providing high-quality services and products.
Summary
MATCH GROUP, a technology company, reported strong second quarter earnings for FY2023, ending June 30 2023. Total revenue for the quarter was USD 829.5 million, a 4.4% increase year-over-year. Net income for the quarter was USD 137.3 million, compared to -31.9 million in the prior year. Investors should note that MATCH GROUP is performing well and has seen strong growth in its revenue and profits over the past quarter.
Despite the uncertainty in the global economy, MATCH GROUP is showing resilience and financial stability. This is a positive sign for investors and may indicate potential for long-term growth.
