Dating app company Match (NASDAQ: MTCH) will be reporting earnings tomorrow morning. Here’s what you need to know.
Match Group met analysts’ revenue expectations last quarter, reporting revenues of $860.2 million, flat year on year. It was a softer quarter for the company, with a decline in its users. It reported 14.61 million users, down 3.8% 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 decline 3.7% year on year to $827.6 million, a reversal from the 9.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.66 per share.
Analysts covering the company have generally 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 twice 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 6.1%, beating analysts’ expectations by 2.3%, and Udemy reported revenues up 1.8%, topping estimates by 1.5%. Coursera traded up 14.1% following the results while Udemy was down 7%.
Read our full analysis of Coursera’s results here and Udemy’s results here.
There has been positive sentiment among investors in the consumer subscription segment, with share prices up 20.6% on average over the last month. Match Group is up 10.6% during the same time and is heading into earnings with an average analyst price target of $35.52 (compared to the current share price of $29.90).
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