Match (MTCH) Q3 Earnings: What To Expect

Petr Huřťák /
2023/10/30 3:00 am EDT

Dating app company Match (NASDAQ:MTCH) will be announcing earnings results tomorrow after market close. Here's what to expect.

Last quarter Match reported revenues of $829.6 million, up 4.41% year on year, beating analyst revenue expectations by 2.23%. It was a weaker quarter for the company, with a decline in its user base and slow revenue growth. The company reported 15.6 million users, down 4.88% year on year.

Is Match buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Match's revenue to grow 8.77% year on year to $880.5 million, improving on the 0.96% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.76 per share.

Match Total Revenue

The analysts covering the company have had mixed opinions about the business heading into the earnings, with revenue estimates seeing four upward and six downward revisions over the last thirty days. The company missed Wall St's revenue estimates five times over the last two years.

Looking at Match's peers in the consumer internet segment, some of them have already reported Q3 earnings results, giving us a hint of what we can expect. Coursera delivered top-line growth of 21.4% year on year, beating analyst estimates by 4.21% and Netflix reported revenues up 7.77% year on year, exceeding estimates by 0.02%. Coursera traded up 15.6% on the results, and Netflix was up 11.6%.

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

Technology stocks have been hit hard by fears of higher interest rates and while some of the consumer internet stocks have fared somewhat better, they have not been spared, with share price declining 9.17% over the last month. Match is down 10.4% during the same time, and is heading into the earnings with analyst price target of $55.6, compared to share price of $34.14.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.