Match (MTCH) slumps 10% on Q4 miss and lower guidance, analyst reactions mixed
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Tinder gets swiped left as Match's forecast disappoints
January 31, 2023 4:14 PM ESTBy Vansh Agarwal and Shreyaa Narayanan
(Reuters) -Match Group Inc on Tuesday forecast first-quarter revenue below expectations after Tinder, the face of online dating, became a sore point in 2022 and drove the company's first ever quarterly decline.
While a tough economy and a stronger dollar had also crimped its business, poor product execution at Tinder was the "significant" culprit, Match said. Dating app Hinge's business was also hit by product delays, among other headwinds.... More
Match Group (MTCH) Misses Q4 EPS by 16c, Guidance Misses
January 31, 2023 4:14 PM ESTMatch Group (NASDAQ: MTCH) reported Q4 EPS of $0.30, $0.16 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $786 million versus the consensus estimate of $786.89 million.
GUIDANCE:
Match Group sees Q1 2023 revenue of $790-800 million, versus the consensus... More
Match Group (MTCH) PT Raised to $65 at Deutsche Bank
January 30, 2023 6:21 AM ESTDeutsche Bank analyst Bejamin Black raised the price target on Match Group (NASDAQ: MTCH) to $65.00 (from $60.00) while maintaining a Buy rating.... More
