Match Group to Report Earnings on 6th August

Match Group, the parent company to leading dating brands including Tinder, OkCupid, OurTime and Hinge, is set to release its Q2 2019 earnings on Tuesday, 6th August.

The firm will also audiocast a conference call to go over the results in detail at 8:30 a.m. ET on Wednesday, 7th August.

An unnamed analyst from Zacks Investment Research, writing for, said Match has routinely surpassed quarterly expectations over the past 12 months. Q1 revenues, for example, came in at $600,000 over the Zacks Consensus Estimate in May.

Accordingly, the commentator has high hopes for Match this time around. Zacks sets a target of $488.6 million in Q2 revenues, a 16% increase year-on-year. The figure is close to the top end of Match Group’s own estimates, which range from $480 million to $490 million.

Tinder’s parent receives a ‘Sell’ rating in the analysis, however, as widespread bullishness is likely already priced into the stock. It is given a 0% Earnings ESP (Expected Surprise Prediction).

Many positive trends are behind this investor optimism. Subscription growth is singled out as a key driver of progress, while Asian expansion is another potential win. 

OkCupid’s progress in India is of particular advantage for Match, with the app racking up a 600% increase in downloads over the past year. The portfolio brand partnered with YouTube channel Girliyapa for a recent promotion in the region, producing a 9-minute comedy short featuring influencer Sandeep Maheshwari.

Tinder Lite recently rolled out in other Asian geographies, meaning the app could more easily be accessed on weaker connections or older mobile devices. Around the same time, Match Group hit a record high market cap of $78 per share.

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