Reports Q2 revenue $864M, consensus $854.11M. “Six months ago, we took a hard look at how we work, what we build, and what users want from our apps,” said CEO Spencer Rascoff. “We moved fast to reset the company culturally, organizationally, and strategically. We then began revitalizing our apps around clearer brand purpose and real user outcomes. Match Group (MTCH) is now oriented around urgency, accountability, and product obsession.”
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Read More on MTCH:
- Buy Rating for Match Group: Strong Hinge Growth and Strategic Initiatives Drive Undervaluation
- Match Group price target raised to $35 from $31 at UBS
- Hold Rating for Match Group Amid Uncertain User Engagement and Growth Prospects
- Match Group price target lowered to $32 from $34 at BofA
- Match Group price target raised to $32 from $31 at Wells Fargo