Match Group Inc Stock Price, News & Analysis

Match Group (NASDAQ: MTCH) has completed a significant financial maneuver by repurchasing approximately $414 million of 0.875% exchangeable senior notes due 2022 for around $1.5 billion. The repurchase was facilitated through privately negotiated agreements and funded by proceeds from a direct offering of over 5.5 million shares at $158.83 each, alongside the termination of certain hedging transactions and a private offering of $500 million in senior notes due 2031. Post-repurchase, approximately $104 million of these notes remain outstanding.

On Sept. 30, 2021, Match released preliminary findings from its 11th annual Singles in America study, revealing significant insights about singles' attitudes towards vaccination in dating. Key findings show that 58% of singles consider vaccination status vital when dating, surpassing traditional deal-breakers like political views and religion. Among singles, 73% report being vaccinated, with 65% preferring vaccinated partners. Contrary to expectations of a post-pandemic romantic surge, 85% of singles feel sex is less important now, with many adopting a cautious approach to intimacy.

On September 23, 2021, Match Group (NASDAQ: MTCH) announced a Registered Direct Offering of its common stock, with pricing based on a five-day volume-weighted average price, expected to close on October 4, 2021. The proceeds will primarily fund the repurchase of 0.875% exchangeable senior notes due 2022 through private negotiations. J.P. Morgan Securities LLC is acting as the exclusive placement agent. The offering is not a solicitation to sell or buy securities in unlawful jurisdictions.

Match Group (NASDAQ: MTCH) announced a $500 million offering of 3.625% senior notes due 2031, set to close on October 4, 2021. The proceeds will primarily fund the repurchase of 0.875% exchangeable senior notes due 2022 and other corporate purposes. The offering is made to qualified institutional buyers and non-U.S. persons under regulations of the Securities Act. This move indicates a strategy to manage existing debt and optimize capital allocation.

Match Group (NASDAQ: MTCH) announced a registered direct offering of its common stock on September 22, 2021. The number of shares and price per share will be determined beginning September 24, 2021. Proceeds will be used to repurchase 0.875% exchangeable senior notes due 2022 through private agreements with current note holders. J.P. Morgan Securities LLC will serve as the placement agent for the offering. This announcement does not constitute an offer to sell or a solicitation to buy securities in any unlawful jurisdiction.

Match Group (NASDAQ: MTCH) announced its intention to offer $500 million in senior notes due 2031. The offering aims to fund the repurchase of 0.875% exchangeable senior notes due 2022 and support general corporate purposes. The private offering will be available to qualified institutional buyers under Rule 144A and certain non-U.S. persons under Regulation S. The notes will remain unregistered under the Securities Act, emphasizing the exclusive nature of this offer.

Match Group (NASDAQ: MTCH) appointed Renate Nyborg as CEO of Tinder, effective September 27, 2021. She previously served as General Manager for Europe, the Middle East, and Africa, showcasing her marketing and leadership skills. Nyborg is the first female CEO of Tinder since its launch in 2012. With a strong background in mobile and subscription business growth, she aims to enhance user engagement and safety. Under her leadership, Tinder recorded a record 9.6 million payers in the latest earnings report, highlighting robust growth.

Match Group (NASDAQ: MTCH) announced that Gary Swidler, Chief Operating Officer & Chief Financial Officer, will participate in a fireside chat at Citi's 2021 Global Technology Virtual Conference on September 13 at 1:50 p.m. ET. A live webcast and replay will be available at Match Group Events. Match Group offers a portfolio of brands designed to help users create meaningful connections across various platforms and languages, including Tinder®, Match®, and OkCupid®.

Plenty of Fish launches the "Plenty of Pets" campaign aimed at helping singles connect through their love of pets. The initiative includes exclusive livestreaming events featuring adoptable pets and a performance by Moshow, the Cat Rapper. The campaign is backed by a $50,000 donation to Petco Love, a nonprofit focused on saving pet lives. A survey reveals that 97% of single pet owners consider pets part of their family, with 61% believing pets are ideal icebreakers in dating. Events will take place throughout August 2021, creating engaging, low-pressure environments for singles to meet.