Here’s What to Look for When Tinder Parent Match Group Reports Earnings
Investors will be keen to see how Tinder, the fastest-growing dating app on the planet, is doing when Match Group, Inc. (NASDAQ: MTCH) reports earnings on Aug. 1. Match Group, the parent company of Tinder, is home to over 45 dating websites and mobile apps. Each service is tailored to certain demographics and gives users the choice of a free ad-supported version of the product or an upgraded monthly subscription service without ads and more features. Guidance and estimates Match Group’s management stated in the first quarter’s earnings report that it expects total revenue for the company to be between $303 million and $313 million for the second quarter, a 12% year-over-year increase at the midpoint of guidance and up 3% from last quarter. Wall Street analysts have a consensus estimate of $0.19 per share for Q2 earnings. Metric Q1 2016 Q2 2016 Q3 2016 Q4 2016 Q1 2017 Q2 2017 Forecast Revenue $260 million $275 million $288 million $295 million $299 million $303 million to $313 million (company estimate) EPS $0.04 $0.13 $0.21 $0.27 $0.08 $0.19 (analyst estimate) Data sources: Historical numbers from Google Finance; Q2 revenue forecast from Match Group. Analyst consensus estimate from The Wall Street Journal. Why…
Link to Full Article: Here’s What to Look for When Tinder Parent Match Group Reports Earnings
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