Where Will Match Group Be in 5 Years?
Match Group (NASDAQ: MTCH), the online dating leader that owns Tinder and other apps, went public at $12 per share five years ago after being spun out from IAC/InterActiveCorp. IAC recently completed its full separation of Match.
The stock has risen more than eleven-fold since then, as Tinder's growth lit a fire under the company's revenue and profits. Match's annual revenue rose from $888 million in fiscal 2014 to $2.1 billion in 2019, representing a compound annual growth rate (CAGR) of 18.8%.
Its robust growth continued throughout 2020, even as the COVID-19 pandemic rocked the broader markets. In the first nine months of the year, Match's revenue rose 16% year-over-year to $1.74 billion as its adjusted EBITDA also rose 16% to $651 million. Analysts expect its revenue and earnings to rise 16% and 9%, respectively, for the full year.
Source Fool.com
