Match Group Inc Stock Price, News & Analysis

Match Group (NASDAQ: MTCH) has released its third quarter 2021 shareholder letter, available on its investor relations website. The company will hold a conference call on November 3, 2021, at 8:30 a.m. ET to discuss its quarterly results. Match Group provides a portfolio of brands including Tinder, Match, OkCupid, and Hinge, aiming to facilitate meaningful connections for users globally. Their services support over 40 languages and are designed to cater to a variety of user preferences.

Hinge has launched a new feature called Voice Prompts, enhancing user profiles with 30-second voice recordings to improve connections among matches. This feature aims to give potential daters a better sense of personality and chemistry. Preliminary findings show that 65% of Hinge singles believe hearing a voice can aid in determining interest, while 52% can learn more about a match through voice messages. Additionally, Hinge plans to introduce Voice Notes for in-app conversations, further enriching user interactions. Hinge is part of Match Group (NASDAQ:MTCH), acquired in 2018.

Chispa, the leading dating app for Latinx singles in the U.S., has partnered with Avocados From Mexico to enhance user engagement through a cultural campaign. The collaboration introduces a 'Guac Lover' badge for profiles, allowing users to connect over a shared love for avocados. A recent survey revealed that 52% of Chispa users believe sharing guacamole is a great way to bond. Additionally, for each badge displayed, Chispa will donate to Celebration Nation's food bank for farmworkers, supporting the community. This initiative is active until December 20.

Hinge has teamed up with U.S. Surgeon General Dr. Vivek Murthy to address loneliness and dating safety during the ongoing COVID-19 pandemic. The initiative includes a video offering best practices for dating this fall, emphasizing the importance of open communication about safety habits. A Hinge survey indicates 79% of users are currently seeking relationships. The campaign reinforces Hinge's commitment to helping users form meaningful connections, which has been a priority throughout the pandemic. Hinge, acquired by Match Group (MTCH) in 2018, continues to grow rapidly in key markets.

Match Group (NASDAQ: MTCH) announces a conference call on November 3, 2021, at 8:30 a.m. ET, to discuss its third quarter 2021 financial results. The earnings report will be released after market close on November 2, accompanied by supplemental investor materials that may include forward-looking information. Interested parties can access the live webcast and replay at Match Group's investor relations page.

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.