JUMP REPORT
| Avg Daily Volume: 1,694,949 Market Cap: 21.14B Sector: None Short Interest: 40.31 |
EARNINGS EXPECTATIONS:
THIS QTR: EPS: .41/share REV: 488.9/M
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LAST QTR: EPS: .31/share ACTUAL: .42/share (BEAT)
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NEXT QTR: EPS: .42/share REV: 520.9/M
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FULL YR: EPS: 1.71/share REV: 2,020/M
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*These are the base metrics we will be watching against the actual release numbers
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BEAT/MISS RECORD: 57% OF THE TIME THEY BEAT ESTIMATES
PRIOR ‘JUMP ZONE’ MOVES (LAST 3 QTRS %) 13.28, 14.75, -20.8
POTENTIAL JUMP MOVE: 12-15%
Links To Latest News and Headlines
Match Group (MTCH) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
Google on Thursday cut fees in half for mobile app developers, sending up shares in online dating firms Match and Bumble.
Shares of Match Group (NASDAQ: MTCH) turned sharply higher Thursday, surging as much as 14.4%. In a post on the Android Developers Blog, Google announced that, effective Jan. 1, 2022, the company will decrease the service fee it charges for all third-party subscription apps on the Google Play Store to 15%. Additionally, Google charged 15% on the first $1 million of revenue.
Match Group Inc (NASDAQ: MTCH) shares are trading higher by 9.1% at $173.48. The stock spiked following a tweet from a Bloomberg reporter stating Google is lowering its cut from subscriptions on Google Play from 30% to 15%. Mark Gurman tweeted: “Google is lowering its cut from all subscriptions on Google Play to 15% from 30% — from day 1. The reduction previously only took effect on the first $1 million in revenue and for users who subscribed longer than a year. Change doesn’t apply to in-app-p
Match Group parent of Match.com and the Tinder dating app, shot up midday on news that Google Play would cut fees substantially. Match broke out of a long consolidation. Rival dating site Bumble and gaming play Roblox also jumped.
Analysis and trade direction are uploaded generally between noon and 1pm EST for most events. ALWAYS check back near market close for updates as the analysis can change by end of session.
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