Dating app company Match (NASDAQ: MTCH) will be announcing earnings results this Tuesday after market hours. Here’s what you need to know.
Match Group beat analysts’ revenue expectations last quarter, reporting revenues of $878 million, up 2.1% year on year. It was a mixed quarter for the company, with EBITDA guidance for next quarter exceeding analysts’ expectations but full-year revenue guidance missing analysts’ expectations significantly. It reported 13.84 million users, down 5.2% year on year.
Is Match Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Match Group’s revenue to grow 2.8% year on year, a reversal from the 3.3% decrease it recorded in the same quarter last year.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Match Group has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Match Group’s peers in the consumer subscription segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Roku delivered year-on-year revenue growth of 22.4%, beating analysts’ expectations by 3.6%, and Coursera reported revenues up 9.1%, in line with consensus estimates. Roku traded up 6% following the results while Coursera was down 11.6%.
Read our full analysis of Roku’s results here and Coursera’s results here.
There has been positive sentiment among investors in the consumer subscription segment, with share prices up 11.1% on average over the last month. Match Group is up 20.5% during the same time and is heading into earnings with an average analyst price target of $36.24 (compared to the current share price of $38.72).
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