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Match (MTCH)

Match Group, through its portfolio companies, is a leading provider of dating products available in over 40 languages to our users all over the world. Its portfolio of brands includes Tinder, Match, PlentyOfFish, Meetic , OkCupid, OurTime, Pairs, and Hinge, as well as a number of other brands, each designed to increase users' likelihood of finding a meaningful connection. Through its portfolio companies and their trusted brands, they provide tailored products to meet the varying preferences of our users.

Company profile

Ticker
MTCH
Exchange
Website
CEO
Joseph Levin
Employees
Incorporated
Location
Fiscal year end
Former names
HSN INC, IAC/INTERACTIVECORP, INTERACTIVECORP, SILVER KING COMMUNICATIONS INC, USA INTERACTIVE, USA NETWORKS INC
SEC CIK
Subsidiaries
Affinity Apps LLC • Belogical Pte. Ltd. • DatingDirect.com Limited • Delightful.com, LLC • Eureka, Inc. • Five Star Matchmaking Information Technology (Beijing) Co., Ltd. • FriendScout24 GmbH • Hawaya, Inc. • Hinge, Inc. • HowAboutWe, LLC ...
IRS number
592712887

MTCH stock data

Calendar

6 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
30 Jun 22 Levin Joseph Common Stock, par value $0.001 Grant Acquire A No No 69.69 179 12.47K 2,143
30 Jun 22 Melissa Anne Brenner Common Stock, par value $0.001 Option exercise Acquire M No No 0 801 0 2,188
30 Jun 22 Melissa Anne Brenner RSU Common Stock, par value $0.001 Option exercise Dispose M No No 0 801 0 800
30 Jun 22 Stephen Bailey Common Stock, par value $0.001 Option exercise Acquire M No No 0 801 0 2,188
30 Jun 22 Stephen Bailey RSU Common Stock, par value $0.001 Option exercise Dispose M No No 0 801 0 800
30 Jun 22 Wendi Murdoch Common Stock, par value $0.001 Grant Acquire A No No 69.69 125 8.71K 2,584
30 Jun 22 Wendi Murdoch Common Stock, par value $0.001 Option exercise Acquire M No No 0 801 0 2,459
30 Jun 22 Wendi Murdoch RSU Common Stock, par value $0.001 Option exercise Dispose M No No 0 801 0 800
30 Jun 22 Mcinerney Thomas Common Stock, par value $0.001 Option exercise Acquire M No No 0 801 0 333,031
30 Jun 22 Mcinerney Thomas RSU Common Stock, par value $0.001 Option exercise Dispose M No No 0 801 0 800
95.1% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 718 772 -7.0%
Opened positions 73 134 -45.5%
Closed positions 127 109 +16.5%
Increased positions 308 289 +6.6%
Reduced positions 229 226 +1.3%
13F shares Current Prev Q Change
Total value 29.48B 36.24B -18.6%
Total shares 271.68M 274.03M -0.9%
Total puts 7.17M 7.96M -9.9%
Total calls 5.65M 5.88M -4.0%
Total put/call ratio 1.3 1.4 -6.1%
Largest owners Shares Value Change
Vanguard 29.16M $3.17B +1.7%
BLK Blackrock 27.56M $3B +16.8%
Edgewood Management 16.72M $1.82B +1.3%
TROW T. Rowe Price 15.42M $1.68B +8.8%
STT State Street 12.49M $1.36B +0.5%
Jennison Associates 9.31M $1.01B -25.5%
Sands Capital Management 7.4M $805.14M +3.3%
Wellington Management 7.27M $791.03M +10.2%
JHG Janus Henderson 7.02M $763.54M +12.5%
Massachusetts Financial Services 6.54M $711.24M -1.0%
Largest transactions Shares Bought/sold Change
BLK Blackrock 27.56M +3.96M +16.8%
Jennison Associates 9.31M -3.18M -25.5%
JPM JPMorgan Chase & Co. 3.32M -2.72M -45.0%
Lone Pine Capital 6.2M -2.67M -30.1%
Flossbach Von Storch 3.35M +2.56M +327.0%
Norges Bank 0 -2.45M EXIT
Steadfast Capital Management 0 -1.83M EXIT
Winslow Capital Management 0 -1.76M EXIT
Sustainable Growth Advisers 3.57M +1.37M +62.5%
TROW T. Rowe Price 15.42M +1.25M +8.8%

Financial report summary

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Competition
Spark Networks SE
Risks
  • The industry for relationship technologies is competitive, with low switching costs and a consistent stream of new services and entrants, and innovation by our competitors may disrupt our business.
  • The limited operating history of our newer brands and services makes it difficult to evaluate our current business and future prospects.
  • 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.
  • Our business and results of operations have been and may continue to be adversely affected by the recent COVID-19 outbreak or other similar outbreaks.
  • Foreign currency exchange rate fluctuations could adversely affect our results of operations.
  • Distribution and marketing of, and access to, our services relies, in significant part, on a variety of third-party platforms, in particular, mobile app stores. If these third parties limit, prohibit, or otherwise interfere with features or services or change their policies in any material way, it could adversely affect our business, financial condition, and results of operations.
  • The success of our services will depend, in part, on our ability to access, collect, and use personal data about our users and subscribers.
  • As the distribution of our services 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 infrastructure 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 infrastructure.
  • 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, including with respect to data privacy and platform liability. These laws and regulations are subject to change and uncertain interpretation, and could result in changes to our business practices, increased cost of operations, declines in user growth or engagement, claims, monetary penalties, 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, 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.
  • 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 indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness that may not be successful.
  • 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.
  • Exchange of the exchangeable notes may dilute the ownership interests of existing stockholders or may otherwise depress the price of our common stock.
  • We may be unable to achieve some or all of the benefits that we expect to achieve through the Separation.
  • If the transactions effected in connection with the Separation were to fail to qualify as generally tax-free for U.S. federal income tax purposes, we and our stockholders could suffer material adverse consequences.
  • We may not be able to engage in desirable capital-raising or strategic transactions following the Separation.
  • Actual or potential conflicts of interest may develop between our management and directors, on the one hand, and the management and directors of IAC, on the other hand.
  • Our certificate of incorporation could prevent us from benefiting from corporate opportunities that might otherwise have been available to us.
  • 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 2021, revenue, operating income and Adjusted Operating Income grew 25%, 14% and 19%, respectively, year-over-year. Revenue growth was primarily due to strong growth at Tinder, Hinge, and PlentyOfFish and the acquisition of Hyperconnect in June 2021. Operating income and Adjusted Operating Income grew at a slower rate than revenue primarily due to the acquisition of Hyperconnect, higher cost of revenue primarily due to in-app purchase fees, higher general and administrative expense primarily related to higher legal and other professional fees and increased compensation expense as a result of increased headcount, higher product development expenses from increased headcount at Tinder and Hinge, partially offset by lower selling and marketing expense as a percentage of revenue. Operating income was further impacted by higher amortization of intangibles due to the acquisition of Hyperconnect and higher stock-based compensation expense, primarily due to new grants made during the year and new grants associated with the Hyperconnect acquisition, partially offset by lower expense for award modifications.

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. freshman Avg
New words: Affinity, agent, allegedly, amendmed, Bank, benchmark, Binding, CID, classified, Codification, critical, deceptive, Demand, discretionary, entertainment, fined, found, increasingly, IV, Japanese, license, Lira, overnight, produce, program, restriced, shift, Supplementary, suspended, testimony, Turkish, Yen
Removed: account, acquire, application, ARPU, ASC, assumption, begin, bifurcation, calculate, claimed, continuing, conversion, convertible, dating, deduction, delayed, discovery, EBITDA, embedded, feature, flexible, health, Hedging, House, inquiring, Korea, leased, life, manufacturing, model, modified, multiplied, participated, participation, plan, purpose, registered, reimbursed, rejecting, remove, request, retained, retrospective, Seoul, sex, Similarly, streaming, Subcommittee, subsequent, underage, welfare

Patents

Utility
Speech Synthesis Apparatus and Method Thereof
23 Jun 22
Disclosed is a speech synthesis method including acquiring second speech data and a target text, acquiring first information includes embedding information corresponding to the second speech data, acquiring second information including embedding information of the second speech data, the embedding information in relation with components generated based on a sequence of the target text, and acquiring audio data corresponding to the target text and reflecting characteristics of speech of a speaker based on the first information and the second information.
Utility
System and Method for Providing Pairings for Live Digital Interactions
12 May 22
A system includes a processor and an interface coupled to the processor.
Utility
System and Method for Matching Using Location Information
5 May 22
In one embodiment, a method executed by at least one processor includes receiving first historical location information identifying a first location area at which a first user was present at a first time and receiving second location information identifying a second location area at which a second user was present at a second time.
Utility
Apparatus, Method and Article to Facilitate Matching of Clients In a Networked Environment
28 Apr 22
Information related to apparently successful matches between two entities is collected, and culled based on a later indication that the match failed.
Utility
System and Method for Matching Using Location Information
28 Apr 22
In one embodiment, a system includes an interface and a communicatively coupled processor.