Match Group

Match Group rises to a 52-week high after Sensor Tower data for September show growth in monthly active Tinder users for the first time since February 2022. Evercore calls the fundamentals the best since 2021/22 and raises its assumption for Tinder paying-user growth from 1.5% to 3.8%. Daily active users had previously weakened but now show signs of stabilizing, and Hinge is seen as potentially a larger business over the long term. » Mere på finanzen.net

CEO Spencer Rascoff says it’s possible that Hinge could reach greater long-term revenue potential than Tinder. Hinge currently generates around $700 million in revenue and is expected to hit the billion-dollar mark by 2027, while Tinder is at about $2 billion. Rascoff views Hinge’s business model as the more valuable market over the long term. » Mere på finanzen.net

At the Citi Global TMT Conference, Match Group outlined an operational turnaround at Tinder driven by a new unified recommendation algorithm that improves user engagement and significantly reduces DAU declines. Hinge showed strong growth in MAUs (+13%) and paying customers (+17%) and is approaching $1 billion in revenue. The company raised estimated savings from alternative payment methods to $130 million, is increasing investment in AI teams, and plans substantial capital returns to shareholders. Management emphasized that further efforts are needed to convert product progress into sustainable growth and expects positive DAU trends in the coming weeks. » Mere på de.investing.com