Match Group Inc

Revisiting Long Ideas: Match Group

Equity Bottom-Up
181 Views, 10 May 2022 04:56
EXECUTIVE SUMMARY
  • Match is down 52% over the past 6 months and at $71, Match trades at a 5% FCF yield, ~17x Fwd EBITDA, for ~20% growth / ~35% EBITDA margin
  • Covid restrictions lifted in Japan (2nd biggest market) should be tailwind for 2H22
  • New CEO from Zynga brings unique mobile monetization skillset ideally suited for coming Tinder Coins summer launch.
detail (4-minute read)
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Aaron Gabin
TMT & Consumer Independent Equity Research Analyst
Obex Capital Research
United StatesInformation Technology & Communication ServicesEquity Bottom-UpThematic (Sector/Industry)

I have over 18 years’ experience in investing in the TMT and Consumer sectors, almost entirely on the buyside. Started a... 

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