Investors unmatch with Match Group as the company reports a topline miss. Yahoo Finance's Ines Ferre goes in depth.
(Bloomberg) -- Match Group Inc. forecast growth through the end of the year that missed analysts’ estimates, citing lingering Covid effects in Asia, particularly in its second-biggest market of Japan. Most Read from BloombergWhere Did All the Public Bathrooms Go?What It Means to Design a Space for ‘Care’COP26 Protests: Inflatable Cows, Megaphones and a RainbowThe Rising Pacific Forces a Native Village to Move. Who Will Pay?‘Airbnb Queen’ Says She’s Caught Up in Platform’s New York FeudThe Dallas
Match Group parent of Match.com and the Tinder dating app, shot up midday on news that Google Play would cut fees substantially. Match broke out of a long consolidation. Rival dating site Bumble and gaming play Roblox also jumped.