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    Match Group Inc (MTCH)

    CFO Change

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    Match Group, Inc. is a leading provider of digital technologies that facilitate meaningful connections through a diverse portfolio of dating brands, including Tinder, Hinge, Match, Meetic, OkCupid, Pairs, Plenty Of Fish, Azar, and BLK, among others . These brands cater to various user preferences and are accessible in over 40 languages worldwide . The company's revenue primarily comes from direct user payments for subscriptions and à la carte features, with additional income from online advertising . Match Group is organized into four operating segments: Tinder, Hinge, Match Group Asia (MG Asia), and Evergreen & Emerging Brands (E&E), focusing on product innovation and AI-driven initiatives to enhance user experience and drive growth .

    1. Tinder - Operates as the largest brand within Match Group, offering a popular dating app that connects users globally.
    2. Hinge - Provides a dating app designed to be deleted, focusing on fostering long-term relationships.
    3. Match Group Asia (MG Asia) - Manages the company's operations and brand presence in the Asian market, adapting to regional preferences.
    4. Evergreen & Emerging Brands (E&E) - Encompasses a variety of established and new dating brands, each tailored to specific user demographics and interests.
    NamePositionStart DateShort Bio
    Bernard KimChief Executive OfficerMay 2022Bernard Kim has served as the CEO and a director of Match Group since May 2022. Previously, he was President of Publishing at Zynga Inc. and held senior roles at Electronic Arts Inc. and The Walt Disney Company .
    Gary SwidlerPresident and Chief Financial OfficerJanuary 2023Gary Swidler has been President and CFO of Match Group since January 2023. He was previously COO and CFO from March 2020 and CFO from September 2015. Before Match Group, he was a Managing Director at Bank of America Merrill Lynch .
    Philip D. EigenmannChief Accounting OfficerNovember 2017Philip D. Eigenmann has been Match Group's CAO since November 2017. He has been with the company since May 2006, holding various finance roles. He started his career at Ernst & Young and is a CPA in Texas .
    Jeanette TeckmanInterim Chief Legal OfficerMarch 2024Jeanette Teckman has served as Interim Chief Legal Officer since March 2024. She was previously SVP, Associate General Counsel at Match Group and held roles at TRT Holdings, Gardere Wynne Sewell LLP, and Verizon .
    Laura JonesBoard MemberMarch 2024Laura Jones has been a director of Match Group since March 2024. She is the Chief Marketing Officer of Instacart and has held senior marketing roles at Uber, Google, and Visa. She holds degrees from Dartmouth College and Stanford University .
    Spencer RascoffBoard MemberMarch 2024Spencer Rascoff has been a director of Match Group since March 2024. He is a co-founder of 75 & Sunny Ventures and Pacaso, and was a co-founder and CEO of Zillow. He is also a visiting professor at Harvard University .
    1. Given Tinder's recent step back in MAU growth starting in mid-September and the potential causes such as iOS 18 and trust and safety enhancements , how confident are you that these issues are temporary, and what specific measures are you implementing to reverse this trend?
    2. With new a la carte features at Tinder experiencing cannibalization of existing subscriptions and requiring extended testing , how do you plan to mitigate cannibalization while driving revenue growth through these features, and what is the timeline for broader rollout?
    3. Despite significant investments in product and marketing at Tinder, the revenue improvements have not met expectations ; how are you evaluating the return on these investments, and what changes are you making to ensure they lead to sustainable growth?
    4. You mentioned that gains in revenue at emerging brands are coming close to offsetting declines in evergreen brands, aiming for a crossover point in 2025 ; what gives you confidence in this trajectory, and what risks could delay reaching this crossover?
    5. Considering the recent exit from live streaming services and new disclosures on business unit profitability , are you reconsidering your portfolio strategy, and is divestiture of underperforming assets or additional strategic actions under active consideration?
    Program DetailsProgram 1
    Approval DateJanuary 30, 2024
    End Date/DurationNo specific end date
    Total additional amount$1.0 billion
    Remaining authorization$252.3 million as of November 1, 2024
    DetailsThe program may be commenced, suspended, or discontinued at any time. It replaces the previous 2023 Share Repurchase Program.
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    20265750.875% Exchangeable Senior Notes0.87514.8% = (575 / 3,875) * 100
    2027425Term LoanVariable (6.71 as of 9/30/2024)11.0% = (425 / 3,875) * 100
    20274505.00% Senior Notes5.0011.6% = (450 / 3,875) * 100
    20285004.625% Senior Notes4.62512.9% = (500 / 3,875) * 100
    20293505.625% Senior Notes5.6259.0% = (350 / 3,875) * 100
    20305004.125% Senior Notes4.12512.9% = (500 / 3,875) * 100
    20305752.00% Exchangeable Senior Notes2.0014.8% = (575 / 3,875) * 100
    20315003.625% Senior Notes3.62512.9% = (500 / 3,875) * 100

    Competitors mentioned in the company's latest 10K filing.

    • Facebook: Offers a dating feature on its platform, which has grown dramatically in size supported by Facebook's massive worldwide user footprint .
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1996 PresentCurrent auditor

    Recent developments and announcements about MTCH.

    Corporate Leadership

      CFO Change

      ·
      Oct 7, 2024, 12:00 AM

      On October 6, 2024, Match Group, Inc. announced the appointment of Steven Bailey as the new Chief Financial Officer (CFO), effective March 1, 2025. He will succeed Gary Swidler, who will continue to serve as the President of the company .