Match Group's Dividend Yield Outshines Peers, But User And Revenue Trends Must Improve For Share Price Boost: Analyst
Match Group's Dividend Yield Outshines Peers, But User And Revenue Trends Must Improve For Share Price Boost: Analyst
Despite concerns over Tinder's revenue and user trends, Carpenter is more optimistic about Match Group's free cash flow potential, which could help limit downside.JP Morgan analyst Cory A Carpenter reiterated the Overweight rating on Match Group, Inc. (NASDAQ:MTCH).
JP Morgan分析師Cory A Carpenter重申了對Match Group, Inc. (納斯達克:MTCH)的增持評級。
The analyst notes that while Match Group's fourth quarter outlook and initial 2025 forecast were disappointing, the company's AI-driven roadmap shows potential for reinvigorating user growth, particularly through Tinder's AI features.
分析師指出，儘管Match Group的第四季度前景和2025年初步預測令人失望，但公司基於人工智能的路線圖顯示出了激活用戶增長的潛力，特別是通過Tinder的人工智能功能。
However, the analyst points out that AI progress is still early, with only the Photo Selector feature fully implemented.
然而，分析師指出，人工智能的進展仍處於初期，目前只有照片選擇器功能完全實現。
Despite concerns over Tinder's revenue and user trends, Carpenter is more optimistic about Match Group's free cash flow potential, which could help limit downside.
儘管對Tinder的營業收入和用戶趨勢存在擔憂，Carpenter對Match Group的自由現金流潛力持更樂觀的態度，這可能有助於限制下行風險。
Still, improvement in user and revenue metrics for Tinder is necessary for any share price increase, which seems unlikely in 2025.
但要實現任何股票價格的上漲，Tinder的用戶和營業收入指標的改善是必要的，這在2025年看起來不太可能。
Also Read: Match Group Faces Investor Scrutiny Over Tinder Woes, Hinge Expansion Plans
另外請閱讀: Match Group因Tinder問題和Hinge擴張計劃面臨投資者審查
The analyst notes that the company revised its revenue expectations downward due to a $15 million FX headwind and stable but lower new user growth on Tinder's iOS.
分析師指出，由於1500萬美元的外匯期貨逆風以及Tinder的iOS新用戶增長穩定但較低，公司下調了營業收入預期。
Management remains uncertain about the cause of this decline. Additionally, MTCH maintained its 36% AOI margin forecast for 2024 and paused share repurchases following its investor day, the analyst writes.
管理層對這種下降的原因仍然不確定。此外，MTCH維持了2024年36%的AOI利潤率預期，並在投資者日後暫停了股票回購，分析師寫道。
Carpenter highlights that Match Group's implied dividend yield of 2.4% is significantly higher than other internet companies like Google (0.4%) and Meta Platforms, Inc. (0.3%), which could appeal to value-focused investors.
Carpenter強調，Match group隱含的股息收益率爲2.4%，遠高於谷歌（0.4%）和Meta Platforms, Inc.（0.3%）等其他互聯網公司，這可能吸引注重價值的投資者。
The analyst anticipates that revenue estimates will be slightly revised downward (to a 6% CAGR, compared to the previous 4-6% guidance), while free cash flow per share estimates for 2027 may be slightly raised ($4.68 vs. the ~$5 guidance).
分析師預測，營業收入的預估將略微下調（預計的年均增長率爲6%，而之前爲4-6%的指導），而2027年的每股自由現金流預估可能略微上調（$4.68對比大約$5的指導）。
Price Action: MTCH shares are trading lower by 4% to $30.22 at last check Thursday.
價格走勢：MTCH的股票在上週四最後一次檢查時下跌4%，至$30.22。
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Image by Varavin88 via Shutterstock.
圖片來源：Varavin88 via Shutterstock。
譯文內容由第三人軟體翻譯。
