Match Group (MTCH) To Report Earnings Tomorrow: Here Is What To Expect

Kayode Omotosho /
2024/05/06 3:05 am EDT

Dating app company Match (NASDAQ:MTCH) will be reporting results tomorrow after market close. Here's what investors should know.

Match Group met analysts' revenue expectations last quarter, reporting revenues of $866.2 million, up 10.2% year on year. It was a weak quarter for the company, with a decline in its users and underwhelming revenue guidance for the next quarter. It reported 15.2 million users, down 5.6% year on year.

Is Match Group a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Match Group's revenue to grow 8.7% year on year to $855.9 million, a reversal from the 1.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Match Group Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Match Group has missed Wall Street's revenue estimates three times over the last two years.

Looking at Match Group's peers in the consumer subscription segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 14.5%, meeting analysts' expectations, and Chegg reported a revenue decline of 7.1%, in line with consensus estimates. Coursera traded down 14.1% following the results while Chegg was also down 28.1%.

Read our full analysis of Coursera's results here and Chegg's results here.

Investors in the consumer subscription segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Match Group is down 6% during the same time and is heading into earnings with an average analyst price target of $43.9 (compared to the current share price of $32).

Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.