The Intrinsic Value Podcast - The Investor’s Podcast Network

TIVP037: Match Group (MTCH): Is Finding Love a Good Investment? w/ Shawn O’Malley & Daniel Mahncke

21 snips
Sep 14, 2025
Shawn O’Malley and Daniel Mahncke delve into the evolving world of online dating, focusing on Match Group's unique position in this duopoly. They explore the challenges that Tinder faces with declining user engagement and why Hinge might be the company's future. The discussion highlights the potential of the senior dating market as a growth engine and the complexities of attracting Gen Z users in the changing dating landscape. Additionally, they analyze Match’s investment potential amidst a backdrop of rigorous industry scrutiny.
Ask episode
AI Snips
Chapters
Transcript
Episode notes
INSIGHT

Duopoly With A Market Disconnect

  • Match Group effectively owns almost every major dating app except Bumble, creating duopoly economics.
  • The company generates high profits but trades at a low multiple, showing a market disconnect.
INSIGHT

App Store Fees Are A Hidden Lever

  • Dating apps are seasonal and app-store dependent, which changes gross margins as mobile usage rises.
  • App store fees act like a call option: regulatory shifts could materially boost Match's margins.
INSIGHT

Power-Law Monetization

  • Match uses a freemium model where a tiny share of users drive most revenue.
  • A concentrated spender cohort creates both profitability and vulnerability to user migration.
Get the Snipd Podcast app to discover more snips from this episode
Get the app