Dating app company Match (NASDAQ: MTCH) will be reporting results this Tuesday after market hours. Here’s what to expect.
Match Group beat analysts’ revenue expectations last quarter, reporting revenues of $863.9 million, up 3.9% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and EBITDA guidance for next quarter beating analysts’ expectations. It reported 13.52 million users, down 4.8% year on year.
Is Match Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Match Group’s revenue to be flat year on year, in line with its flat revenue from the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Match Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Match Group’s peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 59.6%, beating analysts’ expectations by 1.7%, and Netflix reported revenues up 13.4%, in line with consensus estimates. Coursera traded down 15.7% following the results while Netflix was also down 7.3%.
Read our full analysis of Coursera’s results here and Netflix’s results here.
In the last twelve months or so, the market has shifted its attention from one area of macro importance to the next (AI disintermediation and AI capex spending to geopolitical conflict, rates, and whether the economy is on solid footing or not). While some of the consumer internet stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.2% on average over the last month. Match Group is up 4.5% during the same time and is heading into earnings with an average analyst price target of $41.31 (compared to the current share price of $39.39).
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