Many people think the most important metric for a growth stock is how fast its revenue is increasing. While essential to consider, what is most important is whether a company can put up consistently high revenue growth for many years. This is how stocks like Amazon and Netflix became huge winners for shareholders over the last 20 years.
You couldn't be faulted for swiping left on dating app company Match Group (NASDAQ: MTCH) in 2022. Down over 60% this year, the owner of Tinder, Hinge, and Match.com is one of the worst performers of the S&P 500 index, even lagging behind big losers like Netflix. With foreign exchange headwinds, disappointing guidance, and an unexpected managerial shake-up at Tinder, its most important app, investors have lost faith in Match Group stock this year.
Match Group (NASDAQ: MTCH) investors lost ground to a falling market this week as shares declined 12% through Thursday trading compared to a 3% slump in the S&P 500, according to data provided by S&P Global Market Intelligence. The drop wasn't powered by specific operating news; rather, investors continued to sour on companies like Match, which are reporting slowing growth and operating losses. Match joined many peers, including Bumble, in falling during this rough trading week.