Match Group (MTCH) To Report Earnings Tomorrow: Here Is What To Expect

Match Group (MTCH) To Report Earnings Tomorrow: Here Is What To Expect

Dating app company Match (NASDAQ:MTCH) will be reporting results tomorrow after market hours. Here's what investors should know.

Match Group met analysts' revenue expectations last quarter, reporting revenues of $859.6 million, up 9.2% year on year. It was a weak quarter for the company, with a decline in its users and underwhelming revenue guidance for the next quarter. It reported 14.9 million users, down 6.3% year on year.

Is Match Group a buy or sell going into earnings? Read our full analysis here, it's free.

This quarter, analysts are expecting Match Group's revenue to grow 3.3% year on year to $856.5 million, slowing from the 4.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.73 per share.

Match Group Total Revenue

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Match Group has missed Wall Street's revenue estimates three times over the last two years.

Looking at Match Group's peers in the consumer internet segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Netflix delivered year-on-year revenue growth of 16.8%, meeting analysts' expectations, and Coursera reported revenues up 10.8%, topping estimates by 3.5%. Netflix traded down 1.5% following the results while Coursera was up 45.1%.

Read our full analysis of Netflix's results here and Coursera's results here.

There has been positive sentiment among investors in the consumer internet segment, with share prices up 2.8% on average over the last month. Match Group is up 14.6% during the same time and is heading into earnings with an average analyst price target of $38.3 (compared to the current share price of $33.63).

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