Added to YB: 2024-04-12
Pitch date: 2024-04-11
MTCH [bullish]
Match Group, Inc.
-1.17%
current return
Author Info
Company Info
Match Group, Inc. engages in the provision of dating products. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, BLK, and Hakuna, as well as a various other brands, each built to increase users’ likelihood of connecting with others.
Market Cap
$8.2B
Pitch Price
$32.32
Price Target
38.49 (+21%)
Dividend
N/A
EV/EBITDA
10.77
P/E
13.53
EV/Sales
3.28
Sector
Interactive Media and Services
Category
growth
The Match Thesis from a Zoomer
MTCH: Hinge poised to dominate dating app space w/ superior UI & algo. Tinder issues overblown, stabilizing w/ UX improvements. Evergreen/Asia less relevant as Hinge grows. Aligned mgmt aggressively buying back stock. 12 P/E for +5-10% grower w/ 11-15% IRR. Peak pessimism setup.
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