Match Group has announced it will be publishing its fourth quarter financial results after the Nasdaq market closes on Tuesday, 2nd February.
A conference call to discuss the results and answer investor questions will be hosted the following morning at 8:30am ET. Members of the public can sign for the webcast, or watch a replay, on Match Group’s Investor Relations page.
The online dating company is in an interesting position following Bumble’s commitment to an IPO in the next few weeks. While some analysts are saying that the future growth of the online dating industry makes the Tinder owner a safe bet, the prospect of new competition is certainly worth keeping an eye on.
In the past quarter, corporate insiders, including directors Thomas McInerney and Glenn Schiffman, have sold over 90,000 shares totalling almost $13.5 million.
Match Group’s stock price currently stands at $138.42 equating to a market cap of just under $37 billion.
CEO Shar Dubey spoke to Bloomberg earlier this week to talk in more detail about how the company continued to operate effectively during the COVID-19 pandemic.
She said very confidently that she never thought it would be the end of dating because finding relationships is an “essential” and “existential” act for humans to do. Match Group instead focused on developing virtual dating tools to ensure their members could stay connected.
However, Dubey admitted that there were some concerns about the short-term impact of lockdowns as singles struggled to have the necessary mindset required to open up their apps.
Watch the full discussion here.