Paul Singer’s Latest Portfolio: Top 10 Stock Picks

6. Match Group, Inc. (NASDAQ:MTCH)

Elliott Management’s Equity Stake: $394.31 Million

Number of Hedge Funds Holding Stakes: 50

Match Group, Inc. (NASDAQ:MTCH) is a communication services company that develops technology to facilitate connections between people through various platforms, including dating apps. Its portfolio of brands includes Tinder, Hinge, Match, Meetic, OkCupid, Pairs and Plenty of Fish. The primary sources of app revenue are subscriptions and premium features. The business also depends on technological developments to boost user engagement and boost sales.

After underperforming in 2024, Match Group, Inc. (NASDAQ:MTCH) sought to reinvigorate its prospects through a management shakeup. The company’s CEO, Bernard Kim, has been replaced by Spencer Rascoff. The dating app leader delivered mixed fourth-quarter 2024 earnings on February 4. Earnings per share totaled $0.59, exceeding analysts’ consensus estimate of $0.55. Nevertheless, revenue of $860 million slightly exceeded the estimated $857 million, but it was below management’s guidance range.

To increase user engagement, Match Group, Inc. (NASDAQ:MTCH) is spending more on AI-driven technology advancements to improve product offerings across all of its platforms. As the business tackles Tinder’s performance issues, financial restraint and flexible marketing tactics will be essential.