From Nasdaq: 2024-07-26 12:37:00

Match Group (MTCH) is set to report Q2 2024 results on July 30, with expected revenues of $850-$860 million, showing 2-4% YOY growth. The Zacks Consensus Estimate is $856.17 million, indicating a 3.2% increase. Earnings estimate stands at 48 cents per share, unchanged from last year, with all four previous quarter surprises positive. Momentum in Tinder, Azar, and Hinge expected to boost revenue.

The Zacks Consensus Estimate for total RPP in Q2 2024 is $18.86, an 8.3% YOY growth. However, total payers in the Americas may decline by 13.1% due to pricing strategies. Weakening performance in Pairs and Hakuna, along with competition from Facebook Dating, remain concerns. Match Group has an Earnings ESP of -1.11% and a Zacks Rank #4.

Companies with potential beats: Aspen Aerogels (ASPN) with an Earnings ESP of +23.53% and Apple (AAPL) with an Earnings ESP of +3.23%. Aspen Aerogels and Apple are expected to release their Q2 and Q3 fiscal 2024 results on Aug 7 and Aug 1, respectively. GoDaddy (GDDY) also shows promise with an Earnings ESP of +13.08%.



Read more at Nasdaq: Match Group (MTCH) to Post Q2 Earnings: What’s in Store?