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Match Group (MTCH) To Report Earnings Tomorrow: Here Is What To Expect

StockStory - Mon May 6, 2:05AM CDT

MTCH Cover Image

Dating app company Match (NASDAQ:MTCH) will be reporting results tomorrow after market close. Here's what investors should know.

Match Group met analysts' revenue expectations last quarter, reporting revenues of $866.2 million, up 10.2% year on year. It was a weak quarter for the company, with a decline in its users and underwhelming revenue guidance for the next quarter. It reported 15.2 million users, down 5.6% year on year.

Is Match Group a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Match Group's revenue to grow 8.7% year on year to $855.9 million, a reversal from the 1.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.62 per share.

Match Group Total Revenue

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 three 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. Coursera delivered year-on-year revenue growth of 14.5%, meeting analysts' expectations, and Chegg reported a revenue decline of 7.1%, in line with consensus estimates. Coursera traded down 14.1% following the results while Chegg was also down 28.1%.

Read our full analysis of Coursera's results here and Chegg's results here.

Investors in the consumer subscription segment have had fairly steady hands going into earnings, with share prices down 1.5% on average over the last month. Match Group is down 6% during the same time and is heading into earnings with an average analyst price target of $43.9 (compared to the current share price of $32).

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