2024-06-02 13:09:04 ET
Summary
- Match Group's breakout star, Hinge, is driving growth while Tinder lags behind. Match is currently projected to grow at mid single-digit growth rates.
- The company's high levels of debt and single-digit growth pose risks and uncertainties to its forward valuation multiple.
- Match Group's stock is slightly overvalued and may be range-bound until growth rates improve.
Investment Thesis
Match Group (NASDAQ: MTCH ) has been one of those companies whose outlook immediately swung overnight during the pandemic lockdowns-from a business that could crater under the weight of the lockdowns to instant success as more people became open to online dating to a cratering business again. The last leg of Match Group's journey to the bottom, as seen in Exhibit A, has been led by factors such as higher app prices, highly discernible consumer spending, and changing dating preferences....
Read the full article on Seeking Alpha
For further details see:
Match Group: Debt Concerns Swipe At Its Hinge Inflection