Match Group, the umbrella to leading dating brands including Tinder, OkCupid, Plenty Of Fish and Chispa, crossed $20 billion in market capitalisation on 16th May 2019.
The share price has since dipped 6.3%, from $74.04 to $69.36, taking the valuation back down to $19.5 billion.
The company has grown some 420% in three years, though the past 18 months have been turbulent. The announcement of Facebook Dating had a significant negative impact around a year ago, causing a 25% drop in valuation.
Match then recovered in August following positive quarterly earnings. CEO Mandy Ginsberg reported that she was seeing little impact on user numbers in the markets where Facebook Dating had tested.
In the Q1 2019 investor presentation, Match Group executives detailed their plans to expand into Asia. The firm currently makes around 10% of its revenue in the region, but intends to increase that proportion to 25% over the next five years.
Part of the move will see the launch of Tinder Lite, a version of the app which can operate on weaker mobile internet connections. Lite will help to bring rural users, and those in countries with less developed cellular networks, into the fold.
It may also make sense for Match to be acquisitive in the region, with Pairs being the only local brand in the portfolio at present.
Spark Networks also saw its highest ever valuation recently, achieving a share price of almost $16 following the acquisition of Zoosk. The price has since declined some 25%.
Visit the Match Group website here.