Match | Dating v. Internet Interactive

[Graybeard]

When I see the "real" numbers ...
I like to see real numbers: These are derived by various sources from SEC filings (filed under penalty of law).
I think these sort of numbers are *possibly* good indicators of general trends in commerce (sans the stock market stuff included here).

MATCH GROUP INC, Communication Services, Large Cap ($41.41B) <that's some funny shit really -- keep reading ... `cap` is referring to the total stock value and not the business's net worth.

Match Group, Inc. provides dating products worldwide. The company's portfolio of brands includes Tinder, Match, Meetic, OkCupid, Hinge, Pairs, PlentyOfFish, and OurTime, as well as a various other brands. The company was incorporated in 1986 and is based in Dallas, Texas.

Match, and to a lesser degree, social media, are possibly interrelated.
Bumble is also a dating oriented website.

Note TripAdvisor Inc. (TRIP) as far as travel interest read the data and make your own conclusions ...

If you look closely at the Quarters ending in March 2020 and 2021 you can see the cash flow squeeze.

Match was spun off as a stand alone in 2018

Breakdown Match Group, Inc :	ttm	12/31/20	12/31/19	12/31/18	12/31/17
Total Revenue	2,514,239	2,391,269	4,757,055	4,262,892	3,307,239
Cost of Revenue	671,394	635,833	1,127,420	911,146	651,008
Gross Profit	1,842,845	1,755,436	3,629,635	3,351,746	2,656,231
Operating Expense	1,045,244	1,009,721	3,044,984	2,786,607	2,467,765
Operating Income	797,601	745,715	584,651	565,139	188,466
Net Non Operating Interest Income Expense	-174,735	-174,791	-153,563	-109,327	-105,295
Other Income Expense	10,688	15,861	63,423	305,746	-16,213
Pretax Income	633,554	586,785	494,511	761,558	66,958
Tax Provision	63,329	32,874	-49,309	3,811	-291,050
Net Income Common Stockholders	505,641	128,561	431,131	626,961	304,924
Average Dilution Earnings	-5,221	-10,239	-26,063	-25,228	-33,531
Diluted NI Available to Com Stockholders	500,420	118,322	405,068	601,733	271,393
Basic EPS	-	1	2	3	2
Diluted EPS	-	1	2	3	1
Basic Average Shares	-	223,433	181,749	179,951	172,864
Diluted Average Shares	-	256,020	206,790	205,346	184,133
Total Operating Income as Reported	797,601	745,715	581,333	565,139	188,466
Total Expenses	1,716,638	1,645,554	4,172,404	3,697,753	3,118,773
Net Income from Continuing & Discontinued Operation	505,641	128,561	431,131	626,961	304,924
Normalized Income	539,744	494,631	433,553	626,961	304,924
Interest Expense	174,735	174,791	153,563	109,327	105,295
Net Interest Income	-174,735	-174,791	-153,563	-109,327	-105,295
EBIT	808,289	761,576	648,074	870,885	172,253
EBITDA	851,958	-	-	-	-
Reconciled Cost of Revenue	671,394	635,833	1,127,420	911,146	651,008
Reconciled Depreciation	43,669	48,796	180,994	183,759	116,408
Net Income from Continuing Operation Net Minority Interest	539,744	494,631	431,131	626,961	304,924
Total Unusual Items Excluding Goodwill	211,973	- -3,318	0	0
Total Unusual Items	211,973	-	-3,318	0	0
Normalized EBITDA	851,958	810,372	832,386	1,054,644	288,661
Tax Rate for Calcs	0	0	0	0	0
Tax Effect of Unusual Items	0	0	-896	0	0

Match's balance sheet ...good thing they still have free cash flow ...

Breakdown	12/31/2020	12/31/2019	12/31/2018	12/31/2017
Total Assets	2976980	8332825	6874585	5867810
Total Liabilities Net Minority Interest	4153605	4434507	3322784	2920987
Total Equity Gross Minority Interest	-1176625	3898318	3551801	2946823
Total Capitalization	2357039	6049614	5088673	4409497
Common Stock Equity	-1177667	2928042	2843125	2430028
Net Tangible Assets	-2679099	-504894	-515156	-792775
Working Capital	520176	2699390	1879181	1,325,477 I
Invested Capital	2357039	6063364	5102423	4423247
Tangible Book Value	-2,679,099	-504894	-515156	-792775
Total Debt	3534706	3135322	2259298	1993219
Net Debt	-2795542	127666	362410
Share Issued	267329	573945	571944	568320
Ordinary Shares Number	267329	176065	174064	171617

*excerpted in fair use

 

[Graybeard]

https://trends.google.com/trends/explore?date=today%203-m&q=internet%20dating

The numbers with GEOs from Google (god ) :

Not sure what's with Estonia but I think that may be dating network sellers/affiliates --seems strange. COVID-19 data:

{"country":"Estonia","cases":131963,"todayCases":81,"deaths":1271,"todayDeaths":0,"recovered":128177,"active":2515,"critical":5,"casesPerOneMillion":99409,"deathsPerOneMillion":957,"totalTests":1590902,"testsPerOneMillion":1198447},

 

[Vizil]

Modern conditions=modern rules.
That's fine.
Today, we are free to choose the format that suits you and really suits you - that's the most important thing.

 

[Landagrinn]

Great stats, thanks for sharing. The figures don't lie and show what is happening right now.

 

[Graybeard]

Puts on MTCH

Dating doesn't look like too good of an investment --judging by this mainstream stock (anyway).