Dating app company Match (NASDAQ:MTCH) will be reporting earnings tomorrow after market close. Here’s what investors should know.
Match Group missed analysts’ revenue expectations by 0.6% last quarter, reporting revenues of $895.5 million, up 1.6% year on year. It was a mixed quarter for the company, with revenue guidance for next quarter slightly topping analysts’ expectations but a decline in its users. It reported 15.21 million users, down 3.2% year on year.
Is Match Group a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Match Group’s revenue to decline 1.1% year on year to $856.7 million, a reversal from the 10.2% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.83 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Match Group has missed Wall Street’s revenue estimates three times over the last two years.
Looking at Match Group’s peers in the consumer internet segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Coursera delivered year-on-year revenue growth of 6.1%, beating analysts’ expectations by 1.6%, and Netflix reported revenues up 16%, topping estimates by 1.1%. Coursera traded down 19.5% following the results while Netflix was up 9.4%.
Read our full analysis of Coursera’s results here and Netflix’s results here.
Investors in the consumer internet segment have had steady hands going into earnings, with share prices flat over the last month. Match Group is up 4.7% during the same time and is heading into earnings with an average analyst price target of $36.09 (compared to the current share price of $35.23).
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