Match Group, Inc. Aktie News

Dating apps are in trouble. Bumble (NASDAQ: BMBL) stock price has collapsed by over 22% in 2024 and by over 86% from its all-time high.

NEW YORK , May 14, 2024 /PRNewswire/ -- Hinge is leading the charge against dating burnout by testing Your Turn Limits, a feature designed to increase daters' focus on quality over quantity of matches by limiting unanswered messages. This first-of-its-kind feature encourages daters with eight or more people waiting for a response to either reply or end a conversation before they can start new c...

DALLAS , May 9, 2024 /PRNewswire/ -- Match Group (NASDAQ: MTCH) announced today that Gary Swidler, President and CFO of Match Group, will participate in a fireside chat at the J.P. Morgan Global Technology, Media, and Communications Conference on Tuesday, May 21 at 8:50 a.m.

Revenue grew 9% year over year to reach $859.6 million in Q1 2024. Operating income declined by 7% year over year, while adjusted operating income increased by 6%.

Match Group beat on sales and earnings last night -- mainly by paying less income tax. Sales grew nicely in Q1, but growth will slow in Q2 -- and all year long.

Match Group, Inc. (NASDAQ:MTCH ) Q1 2024 Earnings Conference Call May 8, 2024 8:30 AM ET Company Participants Tanny Shelburne - SVP, IR Bernard Kim - CEO Gary Swidler - President & CFO Conference Call Participants Benjamin Black - Deutsche Bank Nathan Feather - Morgan Stanley Ken Gawrelski - Wells Fargo Jason Helfstein - Oppenheimer Chris Kuntarich - UBS Dan Salmon - New Street Research Justin ...

In a challenging market environment, Match Group, the parent company of dating apps Tinder, Hinge and OkCupid, is reportedly expecting lower than estimated quarterly revenue. The Dallas-based company has been grappling with weaker discretionary spending by users amid an uncertain economy, Reuters reported Tuesday (May 7).

Match Group MTCH, -2.26% posted further declines in the number of paying users at dating app Tinder, an issue that is likely to exacerbate concerns about saturation in the online dating space despite otherwise solid first-quarter results.