
Match Group, the parent company of Tinder and Hinge, has forecasted lackluster revenue for the fourth quarter of 2024, expecting total revenue between $865 million and $875 million, which represents essentially flat year-over-year growth. This outlook reflects a slowdown in the addition of new Tinder users, disappointing investors who had anticipated a turnaround amid ongoing pressures from activist shareholders. As a result, Match Group's stock has seen a significant decline, with shares down approximately 18%. The company is also facing challenges in a post-pandemic market, as competitors like Bumble are experiencing similar struggles, with users increasingly reluctant to pay for dating services. Match Group's management has yet to provide clear user metrics for Tinder, which is five times larger than Hinge in terms of monthly active users, leading to further investor frustration. The company's stock performance has made it the worst performer in the S&P 500 for the day.
Companies such as Bumble and Tinder are struggling as singles refuse to pay up https://t.co/vqYNT0HRSc 👇
Shares of Tinder and Hinge owner Match Group were down 18%, as dating app makers navigate a post-pandemic market. https://t.co/K3sefsoG4b
Why is $MTCH a stock that everyone always seems to be pitching yet it also always seems to be blowing up?



