Previous close | 0.2100 |
Open | 0.1800 |
Bid | 0.0900 |
Ask | 0.1200 |
Strike | 37.00 |
Expiry date | 2024-05-10 |
Day's range | 0.0900 - 0.2300 |
Contract range | N/A |
Volume | |
Open interest | 136 |
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.
(Reuters) -Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as people dial back spending on dating apps, weighing on user growth. Match Group - which offers dating apps including Tinder, Hinge, OkCupid - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy. The company also competes with smaller rival Bumble's eponymous dating app.