Profile: Match Group Inc (MTCH.OQ)
24 May 2019
Match Group, Inc., incorporated on February 13, 2009, is a provider of dating products. The Company operates in the Dating segment. The Dating segment consists of all of its dating businesses across the globe. As of March 31, 2017, the Company operated a portfolio of over 45 brands, including Match, Tinder, PlentyOfFish, Meetic, OkCupid, Pairs, Twoo, OurTime, BlackPeopleMeet and LoveScout24, each designed to manage its users' likelihood of finding a romantic connection. As of March 31, 2017, the Company offered its dating products in 42 languages across more than 190 countries.
All of the Company's Dating products enable a user to establish a profile and review other people's profiles without charge. Each of them also offers additional features, some of which are free, and some of which require payment depending on the particular product. In general, access to premium features requires a paid membership, which is typically offered in packages from 1 to 6 months, depending on the product and circumstance. Prices differ within a given brand by the duration of membership purchased, by the bundle of paid features that a user chooses to access, and by whether or not a customer is taking advantage of any special offers. In addition to paid memberships, many of its products offer the user the ability to promote themselves for a given period of time, or to review certain profiles without any signaling to the other members, and these features are offered on a pay-per-use basis.
The Company's Match includes features, such as the ability to search profiles, receive algorithmic matches and to attend live events, promoted by Match, with other members. Match and Meetic relies on word-of-mouth traffic, repeat usage and paid marketing, and have a relatively balanced age distribution across the single population. OkCupid has attracted users through a mathematical and questions and answers (Q&A) approach to the category. Tinder's mobile-only offering and right swipe, and location-based features have led to adoption among the millennial generation. Its affinity brands serve the needs of individuals for whom commonalities around age, religion, ethnicity or circumstance are of fundamental importance when making a romantic connection. Twoo is engaged in creating dating products seeded through existing social networks. FriendScout24 provides dating products in Germany with a presence in Austria and Switzerland. It is characterized by its search-based product offering, in contrast to the matching products, which are otherwise predominant in the German markets.
Match Group Inc
8750 N Central Expy Ste 1400
DALLAS TX 75231-6435
Company Web Links
- Tinder growth powers Match earnings beat, shares soar
- UPDATE 2-Tinder growth powers Match earnings beat, shares soar
- Match profit forecast misses as Tinder marketing costs rise
- IAC sues Tinder co-founder, escalating fight over valuation
- UPDATE 4-IAC sues Tinder co-founder, escalating fight over valuation