Match Group Reports First Quarter 2021 Results
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Match Group (MTCH) Leaps After Beating Q1 Estimates, More Upside Left Says Analyst
May 6, 2021 7:44 AM EDTMatch Group (NASDAQ: MTCH) stock is trading 2.3% higher in pre-open Thursday after the company posted stronger-than-expected Q1 results.
Match reported earnings of $0.65 per share on an adjusted basis as sales climbed 23% to $668 million. Market analysts were calling for earnings of $0.40 per share on revenues of $650.6 million.
Exiting the summer season, our business proved resilient and maintained first-time subscriber levels well above the pre-COVID baseline, even as cases began to rise once again. In the fourth quarter, as the second wave of COVID cases and related lockdowns took hold, we... More
Match Group (MTCH) PT Raised to $170 at Susquehanna
May 6, 2021 6:56 AM EDTSusquehanna analyst Shyam Patil raised the price target on Match Group (NASDAQ: MTCH) to $170.00 (from $165.00) while maintaining a Positive rating.
The analyst commented, "Our thoughts. We see MTCH as one of the strongest business franchises in the Internet sector, believe a... More
Match Group (MTCH) Tops Q1 EPS by 17c, Offers Guidance
May 4, 2021 5:10 PM EDTMatch Group (NASDAQ: MTCH) reported Q1 EPS of $0.57, $0.17 better than the analyst estimate of $0.40. Revenue for the quarter came in at $668 million versus the consensus estimate of $650.66 million.
GUIDANCE:
Match Group sees Q2 2021 revenue of $680-690 million, versus the consensus of $678.8... More
