Wall Street feels swipe fatigue as Match Group shares tumble, signaling an opening for new dating startups [Business Insider]
Match Group, Inc. (MTCH)
Last match group, inc. earnings: 2/4 04:11 pm
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US:NASDAQ Investor Relations:
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Source: Business Insider
Tinder cautioned investors it expected another drop in paying users in the fourth quarter. A Forbes Health survey this year reported 78% of Americans felt exhausted by dating apps. Singles aren't the only ones feeling the ache from dating app fatigue — Wall Street is too. Match Group shares dropped more than 18% on Thursday after the company said paying users on its largest app, Tinder, fell 4% to 9.9 million in the third quarter, compared to the same period a year ago. The company projected another year-over-year decline in paying users in the fourth quarter, as well. Hinge was a highlight, with third-quarter revenue growing 36% year-over-year — although the app has not yet reached the scale of sibling app Tinder. Bumble Inc., meanwhile, said Wednesday it saw 10% growth in paying users on its signature app in the most recent quarter, to 2.9 million. But average spending per user dropped 10%. Bumble users can pay for different subscription tiers ranging from $59.99 to $79.99
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MTCH
News
- Lost Money on Match Group, Inc. (MTCH)? You May Have Been Affected by Fraud - Contact Levi & KorsinskyAccesswire
- Match Group, Inc. Announcement: If You Have Suffered Losses Match Group, Inc. (NASDAQ: MTCH), You Are Encouraged to Contact The Rosen Law Firm About Your RightsGlobeNewswire
- Match Group, Inc. (MTCH) Shareholders May Have Been Affected by Fraud - Levi & Korsinsky InvestigatesAccesswire
- MTCH Investor News: Rosen Law Firm Encourages Match Group, Inc. Investors to Inquire About Securities Class Action Investigation - MTCHPR Newswire
- Match Group, Inc. (NASDAQ: MTCH) had its price target lowered by analysts at KeyCorp from $45.00 to $43.00. They now have an "overweight" rating on the stock.MarketBeat
MTCH
Earnings
- 11/6/24 - Beat
MTCH
Sec Filings
- 11/12/24 - Form 10-Q
- 11/6/24 - Form 8-K
- 10/16/24 - Form SC
- MTCH's page on the SEC website