Wednesday, November 8, 2017
Match Group (MTCH) Reports Q3 2017 Results
Total Revenue was USD 343 Million, a 19% increase over the prior year quarter.
Operating income was USD 91 Million, flat to Q3 2016, and Adjusted EBITDA increased 12% to USD 120 Million, both burdened by USD 11 Million in expenses related to the Tinder option conversion and exercises.
For me it is clear they do not want to innovate.
They want to squeeze their big databases to get all the juice (money) from the wallets of the daters.
The Match Group is only a collection of old and obsolete online dating sites: Match, Meetic, Chemistry, OkCupid, LoveScout24 (FriendScout24), OurTime, HowAboutWe, PlentyOfFish and many more and all of them are past their primes, reached operating ceiling and they are in decadence.
Match Group's (MTCH) CEO on Q2 2017 Results - Earnings Call Transcript
video: Panel: The Future of Online Dating - NOAH17 London
Badoo and Bumble at NOAH17 London Conference