Can Hinge save Match Group?

When Match Group separated from IAC in 2020, it had a market cap of $30 billion. Today, that has decreased to $9 billion. While it's been a challenging period for Match Group, particularly with Tinder, Hinge has become the new shining star of the portfolio. The app was acquired by Match Group in 2018 and has seen its revenue grow at a 64% CAGR since 2020 and now accounts for ~15% of the group's total revenue.