Q3 Earnings Highlights: Match Group (NASDAQ:MTCH) Vs The Rest Of The Consumer Subscription Stocks

Let’s dig into the relative performance of Match Group (NASDAQ:MTCH) and its peers as we unravel the now-completed Q3 consumer subscription earnings season.

Consumers today expect goods and services to be hyper-personalized and on demand. Whether it be what music they listen to, what movie they watch, or even finding a date, online consumer businesses are expected to delight their customers with simple user interfaces that magically fulfill demand. Subscription models have further increased usage and stickiness of many online consumer services.

The 8 consumer subscription stocks we track reported a mixed Q3. As a group, revenues beat analysts’ consensus estimates by 1.4% while next quarter’s revenue guidance was in line.

Amidst this news, share prices of the companies have had a rough stretch. On average, they are down 18.2% since the latest earnings results.

Match Group (NASDAQ:MTCH)

Originally started as a dial-up service before widespread internet adoption, Match (NASDAQ:MTCH) was an early innovator in online dating and today has a portfolio of apps including Tinder, Hinge, Archer, and OkCupid.

Match Group reported revenues of $914.3 million, up 2.1% year on year. This print was in line with analysts’ expectations, but overall, it was a slower quarter for the company with revenue guidance for next quarter missing analysts’ expectations significantly and a significant miss of analysts’ EBITDA estimates.

"We've moved quickly to accelerate innovation, strengthen accountability, and build for long-term growth," said CEO Spencer Rascoff.

Match Group delivered the weakest performance against analyst estimates of the whole group. The company reported 14.53 million users, down 4.5% year on year. Unsurprisingly, the stock is down 3.4% since reporting and currently trades at $31.13.

Is now the time to buy Match Group? Access our full analysis of the earnings results here, it’s free.

Best Q3: Roku (NASDAQ:ROKU)

With a name meaning six in Japanese because it was the founder's sixth company that he started, Roku (NASDAQ: ROKU) makes hardware players that offer access to various online streaming TV services.

Roku reported revenues of $1.21 billion, up 14% year on year, in line with analysts’ expectations. The business had a strong quarter with EBITDA guidance for next quarter exceeding analysts’ expectations and full-year EBITDA guidance exceeding analysts’ expectations.

The market seems happy with the results as the stock is up 11.2% since reporting. It currently trades at $104.67.

Is now the time to buy Roku? Access our full analysis of the earnings results here, it’s free.

Weakest Q3: Bumble (NASDAQ:BMBL)

Started by the co-founder of Tinder, Whitney Wolfe Herd, Bumble (NASDAQ:BMBL) is a leading dating app built with women at the center.

Bumble reported revenues of $246.2 million, down 10% year on year, in line with analysts’ expectations. It was a softer quarter as it posted a decline in its buyers and a significant miss of analysts’ number of paying users estimates.

As expected, the stock is down 33.4% since the results and currently trades at $3.62.

Read our full analysis of Bumble’s results here.

Udemy (NASDAQ:UDMY)

With courses ranging from investing to cooking to computer programming, Udemy (NASDAQ:UDMY) is an online learning platform that connects learners with expert instructors who specialize in a wide range of topics.

Udemy reported revenues of $195.7 million, flat year on year. This number topped analysts’ expectations by 1.4%. Zooming out, it was a satisfactory quarter as it also recorded a solid beat of analysts’ EBITDA estimates but revenue guidance for next quarter missing analysts’ expectations significantly.

The company reported 17,111 active buyers, up 1.6% year on year. The stock is down 21.8% since reporting and currently trades at $4.99.

Read our full, actionable report on Udemy here, it’s free.

Duolingo (NASDAQ:DUOL)

Founded by a Carnegie Mellon computer science professor and his Ph.D. student, Duolingo (NASDAQ:DUOL) is a mobile app helping people learn new languages.

Duolingo reported revenues of $271.7 million, up 41.1% year on year. This print surpassed analysts’ expectations by 4.3%. Aside from that, it was a satisfactory quarter as it also produced an impressive beat of analysts’ EBITDA estimates but EBITDA guidance for next quarter missing analysts’ expectations.

Duolingo pulled off the biggest analyst estimates beat and fastest revenue growth, but had the weakest full-year guidance update among its peers. The company reported 135.3 million users, up 19.6% year on year. The stock is down 43.6% since reporting and currently trades at $147.42.

Read our full, actionable report on Duolingo here, it’s free.

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