From Yahoo Finance: 2025-05-08 19:53:00

Match Group reported a decline in revenue and operating income, leading to a 9.6% drop in its stock price. The company plans to cut 13% of its workforce. Despite new features on Tinder, paying users declined by 5%. The CEO aims to reinvigorate the business, but a comeback may be challenging.

The company’s revenue fell by 3% to $831.2 million, with profits also declining. Match Group anticipates revenue in the second quarter to be flat or down 2%, with adjusted operating income down 2% to 4%. The stock is cheap, but investors are cautious about its future growth potential.

New CEO Spencer Rascoff is implementing a turnaround plan, which includes staff cuts. Match Group faces challenges in reinvigorating its business amidst declining user base and changing Gen Z preferences. The company’s profits are decreasing, and investors are waiting for a significant return to growth before the stock can recover.



Read more at Yahoo Finance: Why Match Group Stock Was Sliding Today