Match forecasts annual revenue below estimates, names new CEO

Quick Summary:

:Match Group forecast its annual revenue below Wall Street estimates on Tuesday, a sign users are dialing back spending on its dating apps, sending the Tinder parent's shares down 9.5 per cent after the bell.

Match also said it has appointed Spencer Rascoff as its chief executive officer, effective immediately, succeeding Bernard Kim.

Online dating apps have been seeing a slowdown in demand and user engagement over the past few years as economic uncertainty and a lack of new features kept subscribers on the sidelines.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Experience Mediacorp Dating File Group Billion 2025 Apps Photo: Revenue Match

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-05 @ 05:57:55 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 192 words

Reading Time: 2 minutes read

Sentences: 18 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 25898517

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Main Topics: EconomyBusiness

Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 1 hours ago

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