TMT & Consumer Independent Equity Research Analyst, Obex Capital Research

Aaron Gabin

I have over 20 years’ experience investing in the TMT and Consumer sectors, almost entirely on the buyside. Started at Bernstein covering software in 2001, moved to the buyside at Government of Singapore Investment Corporation (GIC) in 2003, covering hardware, software, and media. 

After getting an MBA at NYU in 2008 and a CFA, I spent 8 years at Coburn Ventures (a market neutral TMT/Consumer hedge fund). In 2015, I joined Deimos Asset Management, a low net multi-strat, where I managed a  TMT/Consumer portfolio.

I've spent the past few years at Obex Capital Management providing independent investment research to TMT and Consumer investors.

TMT & Consumer Independent Equity Research Analyst

Match Group: The League Acquisition & Other Drivers

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

TMT & Consumer Independent Equity Research

Obex Capital Research

“Obex” is Latin for Barriers to Entry. Obex Capital Management’s investment philosophy is driven by an intense focus on which business model’s Barriers to Entry are able to withstand the ever increasing competitive disruption in the TMT and Consumer Sectors.

Equity Bottom-Up

<ul>
<li>After a massive guidedown last quarter, Match is beginning to show stability in the business, and offered a cautiously optimistic return to growth guide for 2023.</li>
<li>Tinder rebuild underway, 16% FX-Neutral growth was 2% ahead of consensus and drove the quarter's beat.</li>
<li>5-Pronged plan by new CEO Kim seems well thought out for what ails Match.</li>
</ul>


After a massive guidedown last quarter, Match is beginning to show stability in the business, and offered a cautiously optimistic return to growth guide for 2023.
Tinder rebuild underway, 16% FX-Neutral growth was 2% ahead of consensus and drove the quarter's beat.
5-Pronged plan by new CEO Kim seems well thought out for what ails Match.


Match Group

Match Group 3Q22: Turnaround Brewing?