Behind The Idea #50: Match Group And The Investor Love Story
Match Group is a dating conglomerate, owners of OKCupid, Match, a majority share of Hinge, PlentyofFish, OurTime, Meetic, and most of all, Tinder. The company is also a favorite pitch of investors. Is it just because there are a lot of 20 and 30-something investors out there or people who like to make jokes about dating, or is there a deeper story? We look at a Detroit Bear long idea on the company to understand the stickiness of the Tinder experience and what that means for the stock.
Topics covered:
Subscription business and the upsell from free to paid - 3:00 minute mark What about traditional subscription metrics like churn, CAC, LTV? - 7:30 Tinder's different use cases - 15:00 The international prospects for Tinder, and the untapped market - 19:00 Match's capital allocation strategy - debt before capital return - 27:45 What about the special dividend? Good, bad, or otherwise? - 34:30 Expiration date for Tinder, and is there any negative externality the way there is for the tech giants? 39:30
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