EarningsA strong 2Q print displayed stabilizing top-of-funnel trends, notably a 3Q24 Tinder payer guide for ~250k sequential net adds, leading to a 13% stock increase.
Financial PerformanceMatch Group shares are trading at a price-to-earnings ratio of 12.6 and offer a 10% free cash flow yield based on estimates.
Stock RatingThe company is maintaining a Buy rating with a price target of $46, indicating confidence in future performance.