Online dating sites are increasingly higher-risk holdings. Consumers who spent heavily on a subscription in good times did not mind. With disposable income lower from high inflation for over a year, Match (MTCH) and Bumble (BMBL) are trading lower.
Bumble’s revenue growth of 15.7% Y/Y and a one-cent loss per share is a welcome reversal. The board also approved a $150M stock buyback. Match posted a GAAP EPS of 42 cents. Revenue fell by 1.5% Y/Y to $787 million. Management is preventing a bigger stock drop by buying back an aggressive $1 billion shares.
Despite long-term customer acquisition growth issues, BMBL and MTCH stock is worthwhile speculations.
DoorDash Stronger
DoorDash (DASH) attracted investors after posting a Q1 EPS loss of 41 cents. Revenue growth of 36% suggests the food order momentum will continue. Furthermore, DoorDash’s revenue margin is slowly improving. Investors ignored the company’s warning that consumer spending could deteriorate. In addition, its international exposure increases currency and geopolitical risks for shareholders.
Consider DASH stock at lower prices.
Apple Soars
Apple dazzled investors when it posted $1.52 in GAAP. It raised its dividend and announced an aggressive $90 billion stock buyback. Those results and action warrant holding AAPL stock and never selling.
