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.
http://ir.mtch.com/news-releases/news-release-details/match-group-reports-first-quarter-2018-results
http://ir.mtch.com/static-files/4969f909-5c91-4efe-9489-e533adbc4d3e
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
http://onlinedatingsoundbarrier.blogspot.com.ar/2018/02/about-sa-article-jpmorgan-downgrades.html
Match Group Settled intellectual property litigation against TanTan
http://onlinedatingsoundbarrier.blogspot.com.ar/2018/05/match-group-settled-intellectual.html
Facebook is copycatting Tinder and Bumble (via Recode)
http://onlinedatingsoundbarrier.blogspot.com.ar/2018/05/facebook-is-copycatting-tinder-and.html
SA article: Tinder Points To Bigger Problems With Mobile
http://onlinedatingsoundbarrier.blogspot.com.ar/2018/03/sa-article-tinder-points-to-bigger.html
Match Group (MTCH) Reports Full Year 2017 Results / Q4 2017 Results
http://onlinedatingsoundbarrier.blogspot.com.ar/2018/02/match-group-mtch-reports-full-year-2017.html
Badoo, eight times more users than Tinder
http://onlinedatingsoundbarrier.blogspot.com.ar/2018/03/badoo-eight-times-more-users-than-tinder.html
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