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Match Group Share Price Recovers from Facebook Dating Shock

Match Group stock has regained 100% of the value that it lost in April / May 2018, hitting $50 per share for the first time last week.

The value of MTCH initially fell around 20% when Facebook announced its entry into the online dating market, falling from $47.12 on 30th April to $34.58 on 2nd May.

It climbed back to around $43 in late May, before hitting a temporary plateau. After announcing a better-than-expected Q2, MTCH has now jumped over 20% and reached new heights.


Match Group share price (USD). Source: Google


The stock’s strong performance is attributable to continued revenue growth at Tinder, driven by 81% year-on-year subscriber growth and 33% ARPU growth.

Match’s Latin American-focused app Chispa has also enjoyed a successful launch, and acquisition Hinge is set for a major marketing push in the second half of the year.

Internal revenue estimates for Q3 have been placed at $430 to $440 million, with full year revenue predicted to fall between $1.68 and $1.72 billion.

Analyst Robert Martin says: “So if you’re wondering whether would you should be bullish on dating, MTCH stock suggests the answer is yes.”

Read more here.

Scott Harvey

Scott is the Editor of Global Dating Insights. Raised in Dorset, he holds a BA from The University of Nottingham and an MSc from Lund University School of Economics and Management. Previously he has written about politics, economics and technology for various online publications.

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