MTCH – Market expectations are for slight Uniform ROA declines, but management is confident about their new products, Tinder, and Ablo

• Match Group, Inc. (MTCH:USA) currently trades at historical highs relative to UAFRS-based (Uniform) Earnings, with a 33.6x Uniform P/E. Even at these levels, markets have somewhat bearish expectations for the firm, but management is confident about their new products and experiences, Tinder, and Ablo
• Specifically, management is confident that their products make real-life connections and that users will be able to join live streaming communities, in addition to core matching and messaging experiences. Moreover, they are confident that Tinder net add expectations are not affected by Facebook and that they are maintaining subscription and a-la-carte flexibility in Tinder as they refine their product road map. Furthermore, management is confident that Ablo enables people to “travel” without going anywhere by sharing travel tips, recipes and more, and they are confident that a majority of Ablo users are under the age of 35.