Good for short term, bad for long term.
"The company generated 55 cents of revenue per paying user in the second quarter, a penny higher than in the first quarter, but below the 58 cents per user a year ago. "
For me it is clear they do not want to innovate. They want to squeeze their big databases to get all the juice (money) from the wallets of the daters.
“There’s no question Tinder was a massive contributor to the quarter,” “We are selling more to our Tinder subscribers,” Match Group Chief Financial Officer Gary Swidler said.
That is why they had overpaid USD575 Million cash for PlentyOfFish, whose owner ran away with cash in his pockets and now Match Group has a big debt!
Be alerted USA FTC goes for Match Group, perhaps no more automatic rebilling clause soon!
Also P/E ratio is high, around 30, Insane Value.
article "Is Match Group a Buy Now?"
The Match Group is only a collection of old and obsolete online dating sites: Match, Meetic, Chemistry, OkCupid, LoveScout24 (FriendScout24), OurTime, HowAboutWe, PlentyOfFish and many more and all of them are past their primes, reached operating ceiling and they are in decadence.
about the article "Match Subscribers Unsuccessful In Breaking Up With Dating App"
Why IAC Keeps a Foot in the Door of Match Group MTCH = BIG DEBT
The Match Group overpaid for PlentyOfFish (It was insane, USD575 Million for PlentyOfFish that past its prime 2 years ago). The Match Group had been doing all wrong, acquiring rotten companies to show illusory success to its investors.
The Match Group is not going to innovate and revolutionize the Online Dating Industry in the next years.
Law article suggests USA FTC goes for Match Group ?