Match Group, the parent company of Tinder, saw a steep drop in paying users over the last quarter, revealing that it lost more than 826,000 customers in a letter to shareholders.Despite engagement boosting efforts that Match Group employed over the previous quarter, shares tumbled by more than 16 percent following the announcement of its third quarter earnings.
‘While our collective efforts have put the company on much improved footing, there is still much work to be done,’ Match Group CEO Bernard Kim said in a statement to shareholders.Despite outperforming analyst estimates with an Earnings Per Share of 57 cents compared to the estimated 54 cents and a minor bump in revenue, Match Group’s forward guidance disappointed investors.
Gold Price Forecast: XAU/USD loses momentum below $2,000, focus on Fed rate decisionGold price (XAU/USD) loses traction during the early Asian trading hours on Wednesday. Read more ⮕
Tinder-parent Match Group forecasts quarterly revenue below estimatesTinder-parent Match Group forecasts quarterly revenue below estimates Read more ⮕
Tinder-parent Match Group forecasts quarterly revenue below estimatesMatch Group (MTCH.O) on Tuesday forecast revenue for the fourth quarter below Wall Street estimates, anticipating continued weakness in spending on dating services amid unrest in some markets and high inflation. Read more ⮕
Match Group stock plunges after decline in people paying for TinderMatch Group shares plummeted Wednesday after the company released its third-quarter earnings Tuesday. Read more ⮕
Match Group stock plunges after decline in people paying for TinderMatch Group shares plummeted Wednesday after the company released its third-quarter earnings Tuesday. Read more ⮕
Facebook owner Meta faces EU ban on targeted advertisingFacebook owner Meta faces EU ban on targeted advertising Read more ⮕
