Tuesday, May 8, 2018
Match Group Reports Q1 2018 Results
Q1 2018 HIGHLIGHTS
• Total Revenue grew 36% over the prior year quarter to USD 407 Million , the highest quarter-over-quarter revenue growth since the IPO.
• Tinder Average Subscribers were 3.5 Million in Q1 2018, increasing 368,000 sequentially and 1.6 Million year-over-year.
As of March 31, 2018 , the Company had USD 288 Million in cash and cash equivalents and USD1.3 Billion of long-term debt.
The Company has a USD 500 Million revolving credit facility, which was undrawn as of March 31, 2018 and currently remains undrawn.
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.
about SA article: JPMorgan downgrades Match, expects Tinder adds to drop by half
Match Group Settled intellectual property litigation against TanTan
Facebook is copycatting Tinder and Bumble (via Recode)
SA article: Tinder Points To Bigger Problems With Mobile
Match Group (MTCH) Reports Full Year 2017 Results / Q4 2017 Results
Badoo, eight times more users than Tinder