Match Group

Match Group's stock climbed to a new 52-week high of $42.51 and recorded a price gain of 35.5% over the past six months and 32% year-to-date. InvestingPro rates the stock as undervalued based on its fair-value assessment; the company trades at a P/E of 15 and a PEG of 0.35. For the second quarter, Match Group reported adjusted earnings per share of $0.70 (expected $0.65) on revenue of $853 million (expected $857.25 million); adjusted EBITDA rose 14% to $331 million. Susquehanna reaffirmed the "Positive" rating with a $45 price target, while JPMorgan rates the stock "Neutral" with a $43 price target. » Más en de.investing.com

Match Group beat EBITDA targets in the second quarter and increased net income, while company revenue fell slightly by 1 percent. Tinder shows stabilization in daily active users, and Hinge recorded strong revenue and user growth. The outlook for Q3, however, expects revenue to decline by 2–3 percent, rising sales and marketing costs, and further declines in paying users, after which the stock fell sharply. A quarterly dividend of US$0.20 was announced. » Más en finanzen.net

Match Group reported Q2 revenue of $853m, missing estimates, while adjusted EPS ($0.70) and adjusted EBITDA beat expectations. For Q3 the company expects revenue between $885m and $895m, with the midpoint below consensus; the weak outlook is attributed to the "Everyone Everywhere" segment and the redesign of the Azar app. Paying users declined 6% to 13.3m, revenue per user rose 6% to $21.13, and Tinder showed improved engagement metrics. The stock fell about 12.1% in after-hours trading due to the disappointing revenue and the softened outlook. » Más en de.investing.com