The Multi-Trick Pony
(MatchGroup Q2 FY21 Earnings Review)
MatchGroup kicked off the second quarter with a better-than-anticipated print, as well as sharing a spate of operational disclosure changes which provide greater clarity on the segmentation of revenues both on a geographic level, as well as allowing for superior interpretation of the product portfolio.
Last quarter, management were vocally bullish on the prospects of a faster than expected recovery and declared their confidence heading into the second quarter.
That confidence appears to be holding strong, as the group have revised their guidance for the second time this year, now suggesting FY revenues could be upwards of $3B, a subtle 5% increase on previous upper-range guidance.
For a company that is often mistaken for being a one-trick Tinder pony, MatchGroup is demonstrating that this is far from reality.
For continuity, I must state that MatchGroup is a position I currently hold in my portfolio (weighted at ~6%).