Tinder gets swiped left as Match's forecast disappoints
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Match (MTCH) slumps 10% on Q4 miss and lower guidance, analyst reactions mixed
January 31, 2023 4:42 PM EST(Updated - February 1, 2023 4:58 AM EST)
Shares of Match Group (NASDAQ: MTCH) are down almost 10% in pre-market Wednesday following a miss in the fourth quarter and lower guidance for the current quarter.
Revenue for the match-making leader fell 2% to $786 million, just below the consensus of $786.89M. Tinder Direct Revenue was flat over the prior year quarter with 3% Payers growth to 10.8M, offset by RPP declines of 2%.
EPS was $0.30, versus the consensus of $0.46. Operating income was $107M, a 54% decrease over the prior year's quarter, representing an operating margin of 14%.
Overall payers... More
