Match Group's (NASDAQ: MTCH) investors lost ground to the market this week as shares fell 9% through Thursday trading even as the wider market rose 0.5%, according to data provided by S&P Global Market Intelligence. The decline added to a tough year for owners of the online dating service, whose stock is down nearly 50% so far in 2022. Match said on Tuesday that revenue grew 12% for the second quarter (19% after accounting for currency exchange rates).
Some of the worst performers on the premier market index are poised for stunning rebounds. Others are not.
Shares of Match Group (NASDAQ: MTCH) fell on Wednesday after the dating app leader released its second-quarter results and issued a tepid growth forecast for the second half of the year. In the second quarter, Match Group's revenue rose 12% year over year to $795 million. This growth was driven by a 10% jump in payers -- people who subscribe to Match Group's premium offerings or make a la carte purchases -- to 16.4 million.