SEEKING ALPHA - Mar 24 - People are forced to date online now, especially since they're cooped up in their houses, and this is going to benefit Match in the short term. Over the long run, Match has many growth catalysts like international markets or its other apps that should allow it to continue expanding revenue and margins. Match Group has always been too expensive over the past few months, trading at close to a 50x PE despite just modest growth. Well, now the company has fallen substantially from highs and is trading at just over 30x PE, making it much more attractive to buy. Data shows that Tinder downloads have increased by 13% in the US over the past week, but most other dating apps saw a decline in downloads worldwide. Perhaps people default to downloading Tinder as it is the most popular dating app.
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