Company profile

Ticker
MTCH
Exchange
Website
CEO
Sharmistha Dubey
Employees
Incorporated in
Location
Fiscal year end
Former names
Match Group, Inc., Match.com, Inc.
SEC CIK

MTCH stock data

(
)

Calendar

8 May 20
6 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 544.64M 547.17M 541.49M 497.97M
Net income 159.97M 132.02M 151.41M 127.97M
Diluted EPS 0.55 0.45 0.51 0.43
Net profit margin 29.37% 24.13% 27.96% 25.70%
Operating income 134.68M 180.2M 176.6M 172.9M
Net change in cash 325.65M 99.23M 100.07M 41.52M
Cash on hand 791.32M 465.68M 366.45M 266.37M
Cost of revenue 143.89M 142.07M 138.23M 126.67M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 2.05B 1.73B 1.33B 1.12B
Net income 534.43M 472.59M 350.33M 172.01M
Diluted EPS 1.81 1.61 1.18 0.64
Net profit margin 26.05% 27.32% 26.33% 15.38%
Operating income 648.53M 553.29M 360.52M 315.55M
Net change in cash 278.73M -85.68M 18.97M 165.48M
Cash on hand 465.68M 186.95M 272.62M 253.65M
Cost of revenue 527.18M 410M 279.5M 195.65M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
30 Jun 20 Dubey Sharmistha RSU Common Stock, par value $0.001 Sale back to company Dispose D No 0 102,605 0 0
30 Jun 20 Match Common stock, par value $0.001 Other Dispose J No 0 18,461,879 0 0
30 Jun 20 Eigenmann Philip D Options to Purchase Common Stock, par value $0.001 Common Stock, par value $0.001 Sale back to company Dispose D No 25.6024 31,521 807.01K 0
30 Jun 20 Eigenmann Philip D Options to Purchase Common Stock, par value $0.001 Common Stock, par value $0.001 Sale back to company Dispose D No 17.0366 21,539 366.95K 0
30 Jun 20 Eigenmann Philip D RSU Common Stock, par value $0.001 Sale back to company Dispose D No 0 4,326 0 0
30 Jun 20 Eigenmann Philip D RSU Common Stock, par value $0.001 Sale back to company Dispose D No 0 3,585 0 0
30 Jun 20 Dubey Sharmistha Common Stock, par value $0.001 Sale back to company Dispose D No 0 75,120 0 0
30 Jun 20 Dubey Sharmistha Options to Purchase Common Stock, par value $0.001 Common Stock, par value $0.001 Sale back to company Dispose D No 17.0366 45,968 783.14K 0
30 Jun 20 Dubey Sharmistha RSU Common Stock, par value $0.001 Sale back to company Dispose D No 0 109,416 0 0
30 Jun 20 Match Class B common stock, par value $0.001 Common stock, par value $0.001 Other Dispose J No 0 209,919,402 0 0
13F holders
Current Prev Q Change
Total holders 349 351 -0.6%
Opened positions 79 93 -15.1%
Closed positions 81 70 +15.7%
Increased positions 111 89 +24.7%
Reduced positions 112 120 -6.7%
13F shares
Current Prev Q Change
Total value 5.75B 6.13B -6.2%
Total shares 87.01M 74.59M +16.7%
Total puts 5.7M 3.6M +58.3%
Total calls 5.07M 3.48M +45.4%
Total put/call ratio 1.1 1.0 +8.8%
Largest owners
Shares Value Change
Sands Capital Management 12.39M $818.52M +2.2%
Lone Pine Capital 6.85M $452.09M +125.4%
Vanguard 5.73M $378.45M -5.4%
N Price T Rowe Associates 4.83M $318.65M -28.4%
JPM JPMorgan Chase & Co. 4.63M $305.66M -2.2%
Wellington Management 4.47M $295.38M NEW
FMR 4.08M $269.57M +50.8%
BLK BlackRock 2.91M $192.02M +2.5%
JHG Janus Henderson 2.73M $180.05M +1073.1%
Egerton Capital 2.58M $170.31M +258.1%
Largest transactions
Shares Bought/sold Change
Wellington Management 4.47M +4.47M NEW
Lone Pine Capital 6.85M +3.81M +125.4%
JHG Janus Henderson 2.73M +2.49M +1073.1%
N Price T Rowe Associates 4.83M -1.91M -28.4%
Egerton Capital 2.58M +1.86M +258.1%
Whale Rock Capital Management 0 -1.83M EXIT
Sustainable Growth Advisers 1.69M +1.69M NEW
Harris Associates L P 1.54M +1.54M NEW
FMR 4.08M +1.37M +50.8%
SRS Investment Management 1.23M +1.23M NEW

Financial report summary

?
Risks
  • The dating industry is competitive, with low switching costs and a consistent stream of new products and entrants, and innovation by our competitors may disrupt our business.
  • The limited operating history of our newer dating brands and products makes it difficult to evaluate our current business and future prospects.
  • Each of our dating products monetizes users at different rates. If a meaningful migration of our user base from our higher monetizing dating products to our lower monetizing dating products were to occur, it could adversely affect our business, financial condition and results of operations.
  • Our growth and profitability rely, in part, on our ability to attract and retain users through cost-effective marketing efforts. Any failure in these efforts could adversely affect our business, financial condition and results of operations.
  • Communicating with our users via email is critical to our success, and any erosion in our ability to communicate in this fashion that is not sufficiently replaced by other means could adversely affect our business, financial condition and results of operations.
  • Foreign currency exchange rate fluctuations could adversely affect our results of operations.
  • Distribution and marketing of, and access to, our dating products depends, in significant part, on a variety of third-party publishers, platforms and mobile app stores. If these third parties limit, prohibit or otherwise interfere with or change the terms of the distribution, use or marketing of our dating products in any material way, it could adversely affect our business, financial condition and results of operations.
  • The success of our products will depend, in part, on our ability to access, collect, and use personal data about our users and subscribers.
  • As the distribution of our dating products through app stores increases, in order to maintain our profit margins, we may need to offset increasing app store fees by decreasing traditional marketing expenditures, increasing user volume or monetization per user or by engaging in other efforts to increase revenue or decrease costs generally, or our business, financial condition and results of operations could be adversely affected.
  • We depend on our key personnel.
  • Our success depends, in part, on the integrity of our systems and infrastructures and on our ability to enhance, expand and adapt these systems and infrastructures in a timely and cost-effective manner.
  • We may not be able to protect our systems and infrastructures from cyberattacks and may be adversely affected by cyberattacks experienced by third parties.
  • Our success depends, in part, on the integrity of third-party systems and infrastructures.
  • If the security of personal and confidential or sensitive user information that we maintain and store is breached or otherwise accessed by unauthorized persons, it may be costly to mitigate the impact of such an event and our reputation could be harmed.
  • Our business is subject to complex and evolving U.S. and international laws and regulations. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise harm our business.
  • The varying and rapidly-evolving regulatory framework on privacy and data protection across jurisdictions could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise harm our business.
  • We are subject to a number of risks related to credit card payments, including data security breaches and fraud that we or third parties experience or additional regulation, any of which could adversely affect our business, financial condition and results of operations.
  • Inappropriate actions by certain of our users could be attributed to us and damage our brands’ reputations, which in turn could adversely affect our business.
  • We may fail to adequately protect our intellectual property rights or may be accused of infringing the intellectual property rights of third parties.
  • We operate in various international markets, including certain markets in which we have limited experience. As a result, we face additional risks in connection with certain of our international operations.
  • We may experience operational and financial risks in connection with acquisitions.
  • We are subject to litigation and adverse outcomes in such litigation could have an adverse effect on our financial condition.
  • IAC controls our company and has the ability to control the direction of our business.
  • Prior to the Separation, our certificate of incorporation could prevent us from benefiting from corporate opportunities that might otherwise have been available to us.
  • IAC’s interests may conflict with our interests and the interests of our stockholders. Prior to the Separation and in the event the Separation is not consummated, conflicts of interest between IAC and us could be resolved in a manner unfavorable to us and our public stockholders.
  • We are currently a “controlled company” as defined in the NASDAQ rules, and rely on exemptions from certain corporate governance requirements that provide protection to stockholders of other companies.
  • Prior to the Separation and in the event the Separation is not consummated, in order to preserve the ability of IAC to distribute its shares of our capital stock on a tax-free basis, and to maintain tax consolidation with IAC for U.S. federal income tax purposes, we may be prevented from pursuing opportunities to raise capital, effectuate acquisitions or provide equity incentives to our employees, and our ability to manage our capital structure may also be adversely impacted, all of which could hurt our ability to grow.
  • Prior to the Separation and in the event the Separation is not consummated, our agreements with IAC will require us to indemnify IAC for certain tax liabilities and may limit our ability to engage in desirable strategic or capital raising transactions, including following any distribution by IAC of our capital stock to its stockholders.
  • Future sales or distributions of our shares by IAC could depress our common stock price.
  • Prior to the Separation and in the event the Separation is not consummated, the services that IAC provides to us may not be sufficient to meet our needs, which may result in increased costs and otherwise adversely affect our business.
  • Our indebtedness may affect our ability to operate our business, which could have a material adverse effect on our financial condition and results of operations. We and our subsidiaries may incur additional indebtedness, including secured indebtedness.
  • We may not be able to generate sufficient cash to service all of our current and planned indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness that may not be successful.
  • Our debt agreements contain restrictions that will limit our flexibility in operating our business.
  • Variable rate indebtedness that we have incurred or may incur under our credit agreement will subject us to interest rate risk, which could cause our debt service obligations to increase significantly.
  • We may be unable to achieve some or all of the benefits that we expect to achieve through the Separation.
  • If the Transactions, including the Separation and our subsequent merger, were to fail to qualify as a transaction that is generally tax-free for U.S. federal income tax purposes, we and our stockholders could suffer material adverse consequences.
  • New Match may not be able to engage in desirable capital-raising or strategic transactions following the Separation.
  • After the Separation, actual or potential conflicts of interest may develop between the management and directors of New IAC, on the one hand, and the management and directors of New Match, on the other hand.
  • The Reclassification Exchange Ratio is a calculation that is subject to a number of factors that are outside of the control of IAC and Match Group and will not be known until just before the closing.
  • The Separation is subject to certain closing conditions that, if not satisfied or waived, will result in the Separation not being completed, which may cause the market price of Match Group securities to decline.
  • New Match may incur increased expenses if the transition services agreement with New IAC is terminated.
  • After the Separation, New Match’s certificate of incorporation could prevent New Match from benefiting from corporate opportunities that might otherwise have been available to New Match.
  • Exchange of the exchangeable notes may dilute the ownership interests of existing stockholders or may otherwise depress the price of New Match common stock.
  • The shares of New Match common stock to be received by Match stockholders as a result of the Separation will have different rights from the shares of Match common stock and Match Class B common stock currently held.
  • The multi-class structure of our capital stock has the effect of concentrating voting control with holders of our Class B common stock and limiting the ability of holders of our common stock to influence corporate matters.
  • The difference in the voting rights of our common stock and our Class B common stock may harm the value and liquidity of our common stock.
  • The price of our common stock has been and may continue to be volatile or may decline regardless of our operating performance, and you could lose all or part of your investment.
  • Our quarterly results or operating metrics could fluctuate significantly, which could cause the trading price of our common stock to decline.
  • We do not expect to declare any regular cash dividends in the foreseeable future.
  • Provisions in our certificate of incorporation and bylaws or Delaware law may discourage, delay or prevent a change of control of our company or changes in our management and, therefore, depress the trading price of our common stock.
Management Discussion
  • In 2019, revenue, operating income and Adjusted EBITDA grew 19%, 17% and 19%, respectively. Revenue growth was primarily due to strong growth at Tinder and additional contributions from certain other brands. The growth in operating income and Adjusted EBITDA was due to higher revenue and lower selling and marketing expense as a percentage of revenue due to the continued product mix shift toward brands with lower marketing spend as a percentage of revenue, partially offset by an increase in cost of revenue expense primarily due to higher in-app purchase fees as a result of growing revenue sourced through mobile app stores, and higher legal costs. Operating income was further impacted by the impairment of the Match brand in the UK and higher stock-based compensation expense as a percentage of revenue, resulting in decreased growth compared to Adjusted EBITDA.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: accelerated, accelerating, Advisory, aforementioned, agent, Aid, apparent, Asia, Bank, begun, benchmark, book, brand, capability, CEO, CFO, Chase, chat, China, collaborative, comfortable, confidence, confident, contemplated, converted, declared, deduction, deferral, Delaware, deletion, destruction, Disease, disruption, DPC, Dubey, duration, economy, efficiently, employer, Employment, enabled, epidemic, Europe, extremely, familiarity, fewer, fluid, focusing, forthcoming, found, fraction, geographically, globe, health, heavily, holder, home, House, indefinite, inquiry, inside, Invoking, Irish, IRS, JPMorgan, knowledge, landscape, led, life, live, lockdown, magnitude, manufacturing, Michael, mitigation, multiplied, necessitated, newsroom, notifying, occupied, Olympic, Organization, outbreak, overnight, Oversight, pandemic, participated, payroll, planned, Policy, premature, pressure, projected, prolonged, pronounced, propensity, purported, reargument, region, registered, relaxation, relaxed, remotely, replacement, reprice, restated, retention, retrospective, roll, rollout, Rubin, satisfaction, select, sensitive, sequential, Sharmistha, shifting, situation, spread, stipulation, streaming, Subcommittee, surviving, team, temporarily, termination, thoughtful, tied, travel, treated, UK, uncertainty, valid, vast, video, videoconferencing, wellbeing, widespread, workforce, workplace, worldwide, wrongful
Removed: accretion, arrangement, audited, auditing, borrow, commencement, comparative, dependent, depreciated, doubtful, drawn, earlier, fulfill, impression, initial, longer, maintenance, minimum, network, offer, package, payer, prospectively, relate, renewal, repaid, request, residual, resulted, revise, scheduled, significantly, slower, sublease, superseded, Topic, twelve, uncommitted