Dating app company Match (NASDAQ: MTCH) will be reporting earnings this Monday after market hours. Here’s what you need to know.
Match Group met analysts’ revenue expectations last quarter, reporting revenues of $853.1 million, down 1.2% year on year. It was a mixed quarter for the company, with EBITDA guidance for next quarter topping analysts’ expectations but a decline in its users. It reported 13.3 million users, down 5.7% 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 decline 2.4% year on year, a reversal from the 2.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will 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 internet segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 94%, beating analysts’ expectations by 2.2%, and Netflix reported revenues up 11.8%, in line with consensus estimates. Coursera traded down 24.9% following the results while Netflix was also down 5.3%.
Read our full analysis of Coursera’s results here and Netflix’s results here.
There has been positive sentiment among investors in the consumer internet segment, with share prices up 3.4% on average over the last month. Match Group is up 3.6% during the same time and is heading into earnings with an average analyst price target of $43.29 (compared to the current share price of $41.76).
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