Match Group stock falls 6.5% due to lower new user sign-ups on Apple iOS.

From Stockstory.org – Wall Street Journal: 2024-12-11 14:34:16

Match Group’s stock fell 6.5% after providing underwhelming guidance, expecting Q4 sales to be below previous outlook due to lower new user sign-ups on Apple iOS. The company reiterated a 36% adjusted operating income margin for 2024 and announced a dividend and stock buyback program. Investors reacted negatively to the news, potentially resetting near-term expectations. Match Group shares are down 14.5% this year and trading 20.2% below their 52-week high. The market views this news as significant, considering the stock’s limited volatility. Despite beating EBITDA expectations, Match Group’s turnaround story faces challenges.

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Read more at Stockstory.org – Wall Street Journal: Why Match Group (MTCH) Shares Are Plunging Today