For the last five years, the annual growth rate has been declining by 10% compared to its flagship app, Tinder, who has been losing subscribers lately. The newly appointed CEO opens new options for growth in a challenging industry. My analysis emphasizes its undervaluation without considering a successful turnaround, and I estimate a value of $56 per share, a 90% premium over its current stock.
Match Group Chief Executive Spencer Rascoff said he plans to step in to lead the company's struggling Tinder unit after the dating app's chief executive said she would resign.
A familiar name pops up at the end of a Wall Street Journal article today about the new balance of power between tech companies and workers in the age of artificial intelligence: Spencer Rascoff.
May has only just begun, but already, it has not been a good month for the tech industry in terms of layoffs. Since the month started, several prominent names in technology have announced layoffs, some involving a significant number of workers.
Match Group's Q1 2025 results exceeded expectations, but Tinder's challenges overshadowed growth in Hinge and other emerging products, causing the stock to sell off. Despite macro and micro headwinds in the dating app market, MTCH's global presence and diverse product portfolio position it better than Bumble. The CEO's recent share purchase and potential savings from app store fee changes offer...
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