With the advent of an increasingly connected world, and the timeless urge for people in the world to get connected, the state has been set for massive growth in 21st century dating resources, with online dating apps out in front in this trend.
Today, we are going to look at three interesting stocks in the space that deserve some extra attention: Match Group Inc (NASDAQ:MTCH), SC Holdings Corp. (OTC:SCNG), and Meet Group Inc (NASDAQ:MEET).
MTCH bills itself as a company that provides dating products worldwide.
The stock has been in a strong uptrend. It is notoriously difficult to access any clear fundamental information about the company – it refuses to treat analysts with the typical access to summarized data or information. To experience this yourself, check out its presentation of results for its most recent quarter. You will find a release that points to its website, and a note on its website that points to the release.
In any case, the company continues to grow at about 18% on the topline, and the chart is picture of strength.
It operates a portfolio of brands, including Tinder, Match, PlentyOfFish, Meetic, OkCupid, OurTime, Pairs, and Hinge, as well as other brands. Match Group, Inc. offers its dating products through its applications and Websites in approximately 40 languages.
The company was incorporated in 2009 and is headquartered in Dallas, Texas. Match Group, Inc. operates as a subsidiary of IAC/InterActiveCorp.
Even with that news, the action hasn’t really heated up in the stock, with shares moving net sideways over the past week.
Match Group Inc (NASDAQ:MTCH) pulled in sales of $498M in its last reported quarterly financials, representing top line growth of 18.2%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($266.5M against $383.4M, respectively).
SCNG acquires, develops, and operates high growth companies, with exposure to AI, online dating, and CBD.
The company’s online dating app just released big new figures, including new users were 27,000 with an average lifetime value per user of $8.00 and the average revenue per user (ARPU) is $4.85 which is 8 times higher than Tinder.
In comparison Tinder, part of Match Group, published their average revenue per user (ARPU) to be $0.58.
SC Holdings Corp. is a Management Company providing Marketing, HR, Business Development services and access to financing to its portfolio companies. The Company acquires ownership in companies with a strong focus on digital media and business services. SC Holdings Corp. will be opening an office in the EU as well as in North America.
The company’s most recent major push, Now Dating, is experiencing strong growth along a number of metrics. Now Dating is a dating app that lets you search for users available at the same times as you, so you can meet them whenever and for however long you’re available.
The app allows you to tell people what kind of relationship you’re searching for, let others know when you’re available, and pick out your preferred dating activities. Once you’ve set your preferences, you can send date invitations with exact meet-up times and a pre-arranged location.
The company is working with strong ties to 21st century technology solutions to timeless demands.
MEET operates a portfolio of mobile social entertainment applications to meet the need for human connection worldwide.
The company leverages a live-streaming video platform, empowering community to forge meaningful connections. The company’s primary applications include, MeetMe, LOVOO, Skout, Tagged, and Growlr, which keeps mobile daily active users, entertained and engaged, and originate numbers of casual chats, friendships, dates, and marriages. Its applications available on iPhone, Android, iPad, and other tablets in various languages that facilitate interactions among users and encourage users to connect, communicate, and engage with each other.
The company also owns and operates meetme.com, skout.com, tagged.com, hi5.com, lovoo.com, and growlrapp.com Websites; and provides online marketing capabilities, which enable marketers to display their advertisements in various formats and in various placements. The company was formerly known as MeetMe, Inc. and changed its name to The Meet Group, Inc. in April 2017.
The stock has suffered a bit of late, with shares of MEET taking a hit in recent action, down about -4% over the past week.
Meet Group Inc (NASDAQ:MEET) pulled in sales of $52M in its last reported quarterly financials, representing top line growth of 21.5%. In addition, the company is battling some balance sheet hurdles, with cash levels struggling to keep up with current liabilities ($26.1M against $46.4M, respectively).