94.58 +0.22 (0.23%)
After hours: 7:37PM EDT
|Bid||93.99 x 900|
|Ask||94.36 x 900|
|Day's range||90.76 - 94.56|
|52-week range||44.74 - 95.32|
|Beta (5Y monthly)||0.57|
|PE ratio (TTM)||48.64|
|Earnings date||04 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||04 Dec 2018|
|1y target est||92.18|
Like some other pandemic trends, online dating apps are enjoying increased traffic as many people shelter at home. The pandemic seems to have enhanced the appeal of online dating by simply removing most alternatives. Revenue for the online dating sector is already pushing $2 billion with an annual growth rate of 9.3% expected for the next five years.
Alphabet's (GOOGL) Google is in talks to acquire a minority stake in Vodafone Idea in a bid to expand footprint in the telecom market of India.
Image source: The Motley Fool. Match Group, Inc. (NASDAQ: MTCH)Q1 2020 Earnings CallMay 6, 2020, 8:30 a.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood morning, and welcome to the Match Group First Quarter 2020 Earnings Conference Call.
Shares of Match Group (NASDAQ: MTCH) jumped 16.5% in April, according to data from S&P Global Market Intelligence. Parent IAC/Interactive (NASDAQ: IAC) says video dating became a vital source of communication for people, and what Match had introduced as an adjunct to its dating service would end up being rolled out to most of its sister sites. It may, in fact, become the future of dating.
Tinder will add a video dating feature in the second quarter of this year, parent company Match announced on Tuesday as part of its Q1 2020 earnings report. The company also detailed the coronavirus impact, which slowed Tinder user growth in the quarter, as social distancing requirements and government lockdowns went into effect. Match didn't go into detail about its plans for video dating, but noted it has been testing the waters with video in its Plenty of Fish app.
Tinder, which competes with rival Bumble, added about 100,000 average subscribers in the quarter, it's lowest in at least a year, taking its total average subscriber count to 6 million. Net earnings attributable to Match Group shareholders rose to $160.4 million, or 55 cents per share, for the three months ended March 31, from $123 million, or 42 cents per share, a year earlier.
Facebook will soon allow users to go on "virtual dates," the company announced today. The social network is planning to introduce a new video calling feature that will allow users of its Facebook Dating service to connect and video call over Messenger, as an alternative to going on a real-world date.
Tinder is testing a series of new social features designed to boost conversations between users on its service. One of the new features is a conversational prompt, first teased during parent company Match Group's recent earnings. The other, a "Share to Matches" option, allows users to post photos, looping videos and other content that can only be seen by their existing matches.
All's fair in electronic love and dating -- or is it? If you're a flirty mobile warrior Tindering on the brink or Bumbling from one swipe to the next be aware there's another game in town as Facebook muscles in to place its own tanks on the lawn. As online dating becomes the virtual norm -- some experts suggest half of British couples will meet that way come the end of the decade -- Facebook's gradual arrival on the dating scene looks set to shake up the market.
Irish regulators have launched separate inquiries into Google and dating app Tinder over how they process user data, in a new round of regulatory scrutiny aimed at tech companies. Ireland's Data Protection Commission said Tuesday that it decided to look into how Google handles location data after a number of consumer groups across the European Union filed complaints. The commission opened an investigation into Google's Irish subsidiary to determine whether the U.S. search giant “has a legal basis for processing the location data of its users” and whether it meets transparency obligations under the EU's strict General Data Protection Regulation, or GDPR.
More than halfway through earnings season, the spotlight will turn to a handful of big earnings reports Tuesday, including Disney and Chipotle.
OKCupid, owned by Match Group, has recently been pushing into international markets including Israel and Turkey.
A House subcommittee is investigating popular dating services such as Tinder and Bumble for allegedly allowing minors and sex offenders to use their services. Bumble, Grindr, The Meet Group and the Match Group, which owns such popular services as Tinder, Match.com and OkCupid, are the current targets of the investigation by the U.S. House Oversight and Reform subcommittee on economic and consumer policy. It also seeks information on what data is collected on people, including sexual orientation, drug use and political views.
It said Dubey, assuming the CEO's role on March 1, was most recently Match Groups' president, and has previously served as Tinder's chief operating officer, leading the team that launched its most successful monetization feature Tinder Gold. The Wall Street Journal earlier reported citing an internal memo that Ginsberg was stepping down following challenges in her personal life.
Match Group, home to Tinder, Match, OkCupid, PoF and a host of other online dating apps, announced today that CEO Mandy Ginsberg would be stepping down from her position after 14 years with the company. Assuming her position is Shar Dubey, currently the president of the Match Group, who will begin her new role March 1. Dubey has also been with Match Group for 14 years, the past two as Match Group president.
Match Group (MTCH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
The Zacks Analyst Blog Highlights: Enphase Energy, Brookfield Business Partners, Amedisys, Pure Storage and Match Group