Previous Close | 15.60 |
Open | 15.60 |
Bid | 16.00 |
Ask | 16.90 |
Strike | 52.50 |
Expire Date | 2025-01-17 |
Day's Range | 15.60 - 15.60 |
Contract Range | N/A |
Volume | |
Open Interest | 1 |
Insightful Analysis on Match Group's Financial Performance and Strategic Initiatives
Dating app company Match (NASDAQ:MTCH) reported results in line with analysts' expectations in Q1 CY2024, with revenue up 9.2% year on year to $859.6 million. On the other hand, next quarter's revenue guidance of $855 million was less impressive, coming in 3.1% below analysts' estimates. It made a GAAP profit of $0.44 per share, improving from its profit of $0.41 per share in the same quarter last year.
Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as users are likely to dial back spending on dating apps. Match Group - which offers dating apps services such as Hinge, Tinder, OkCupid and Plenty of Fish, among others - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy.