- The pandemic initially affected online dating and Match Group in a very negative fashion, as the dating scene was interrupted when bars, restaurants, and movie theaters closed.
- Exiting the first quarter, Match Group's management has seen well-vaccinated areas of the world like the U.S., Israel, U.K. begin to normalize.
- Within the USA and some other select countries in Europe, Match believes this will be the "Summer of Love" with the easing of lockdown restrictions.
- Match Group made a recent acquisition of Korean-based Hyperconnect that should help increase Match's TAM, increase video & AI capabilities, as well as increasing the company's presence in Asia.
- Match Group is a buy at current prices for both short-term and long-term reasons.
For further details see:
Match: A Pandemic Recovery Play In The 'Summer Of Love'