Two subscription-based companies have put forth Q3 earnings after Tuesday's closing bell, with mostly better-than-expected results for both companies. They also saw subscriber growth increase year over year, always a good sign for such business models.
Match.com (MTCH), parent company of a variety of dating platforms, including Tinder and OK Cupid, posted 51 cents per share for its Q3 earnings, on $541.5 million in quarterly reveunes. These totals beat the 47 cents per share (itself a 20.5% rise year over year) and $539.25 million anticipated. Subscriber growth overall was 19% year over year to 9.6 million; international was up 29% from a year ago.
This marks the latest in a series of positive earnings surprises for Match.com, which last came up short of estimates in Q4 of 2017, which was the last of 4 straight misses. Match.com had carried a Zacks Rank #2 (Buy) rating with a Value-Growth-Momentum score of B ahead of the earnings release.
WW International (WW), formerly known as Weight Watchers, beat on its Q3 bottom line by a penny to 68 cents per share, on revenues of $349 million in the quarter, down a bit from the $356.6 million in the Zacks consensus, which itself was down 2.5% from year-ago sales tallies. Its 4.4 million end-of-period subscribers was up 6% year over year. Its sales on Digital platforms rose, while overall Operating and Net Income tumbled 20% and 30%, respectively.
A big push from Oprah Winfrey is setting the table for WW, which the company hopes will drive subscriber growth going forward. The company, which sported a Zacks Rank #1 (Strong Buy) rating and a Value-Growth-Momentum score of A ahead of the earnings release, has fallen 12% in late trading Tuesday.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Two subscription-based companies have put forth Q3 earnings after Tuesday's closing bell, with mostly better-than-expected results for both companies. They also saw subscriber growth increase year over year, always a good sign for such business models.
Match.com (
MTCH - Free Report) , parent company of a variety of dating platforms, including Tinder and OK Cupid, posted 51 cents per share for its Q3 earnings, on $541.5 million in quarterly reveunes. These totals beat the 47 cents per share (itself a 20.5% rise year over year) and $539.25 million anticipated. Subscriber growth overall was 19% year over year to 9.6 million; international was up 29% from a year ago.
This marks the latest in a series of positive earnings surprises for Match.com, which last came up short of estimates in Q4 of 2017, which was the last of 4 straight misses. Match.com had carried a Zacks Rank #2 (Buy) rating with a Value-Growth-Momentum score of B ahead of the earnings release. For more on MTCH's earnings, click here.
WW International (
WW - Free Report) , formerly known as Weight Watchers, beat on its Q3 bottom line by a penny to 68 cents per share, on revenues of $349 million in the quarter, down a bit from the $356.6 million in the Zacks consensus, which itself was down 2.5% from year-ago sales tallies. Its 4.4 million end-of-period subscribers was up 6% year over year. Its sales on Digital platforms rose, while overall Operating and Net Income tumbled 20% and 30%, respectively.
A big push from Oprah Winfrey is setting the table for WW, which the company hopes will drive subscriber growth going forward. The company, which sported a Zacks Rank #1 (Strong Buy) rating and a Value-Growth-Momentum score of A ahead of the earnings release, has fallen 12% in late trading Tuesday. For more on WW's earnings, click here.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Get the latest research report on MTCH - FREE
Get the latest research report on WW - FREE