FORBES - July 30 - Match Group has begun telling its Android customers to enter payments details directly at the Match Group website, avoiding the Google Play store fee. This is a huge win for Match shareholders. Epic Games, maker of the popular gaming platform Fortnite, avoided the Play Store altogether last year. And Spotify is in the midst of a legal dispute with Apple. It is encouraging customers to make payments directly. It's the same tactic Netflix is now using. Apple made $257M scraping fees from Netflix in 2018. Epic Games, Spotify and Netflix have one common denominator: scale. Their businesses are so big, they don't need Apple and Google to succeed. You can now put Match Group in the same category. All in, Match had 8.6M paying subscribers at the end of the Q1 of 2019. That’s up 16% YOY. Revenue in the Q1 rallied 14% to $465M, putting the company on track to record $1.8B in 2019 revenue. Based on sales momentum, the stock could trade to $125 in two years, a gain of 65% from current levels.
by Jon Markman
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