Hey Snackers,
What to do if you're an NFL player and a cat takes over your Monday Night Football game (literally).
Stocks dipped from record highs Tuesday, but we'll be looking for today's Consumer Credit Report to see how we're all spending.
This is my first time, so cut me some slack... Fresh off its September IPO, Peloton announced its first quarterly earnings report as a publicly traded company Tuesday. The results and calorie count all beat analysts' expectations:
So it's a shocker that the stock dropped 8%... Peloton felt like a middle schooler who brought home A's when their parents expected B's — and then got grounded. Its CEO struggled to rationalize Wall Street's punishment for its rippling results: "The stock going backward is a bit of a head-scratcher, I’ve got to be totally honest with you." Well put.
This is a claaaassic "Profits vs. Growth" tradeoff... Peloton loses money each quarter, spending more than it brings in. Its $50M loss invited investor disgust, but the CEO pointed out the loss was necessary in order to grow quickly. You're either focused on profits or growth — in the saddle or out of it:
1st date humble brag... Match owns the trademark on "Swipe" and "Swipe Right" — a huge advantage for the owner of Tinder and 44 other dating apps. Match shares dropped 15% Tuesday though on word that its projections for the upcoming quarter aren't worth bringing home to Mom and Dad. But its Tinder numbers are.
Tinder is a stage 5 clinger... Actually, its Tinderella users are. The app enjoyed (another) surge in downloads by 437K last quarter to hit 5.6M total users. The new "Swipe Night" interactive in-app choose-your-adventure show that debuted last month was a hit (especially among Gen Z and women). But 2 specific numbers in the charming earnings stood out to your Snacks team:
International is Match's opportunity — but it requires “product localization”... Uber barged into new countries and didn’t adapt to local culture. Match uses the opposite strategy as it heads abroad — it's all about being culturally sensitive. Take Match's OKCupid app tactics in India: