Why Match Group Stock Is Down 6% Wednesday

Benzinga05-09

Match Group, Inc (NASDAQ:MTCH) shares fell Wednesday after the company announced financial results for the first quarter.

The Details: Match Group reported earnings on Tuesday after the market close that included GAAP EPS of 44 cents, beating analysts estimates of 41 cents, per Benzinga Pro.

Match Group also reported sales of $859.658 million, beating analyst estimates of $855.511 million. The company’s sales results were up 9.21% from the same period last year.

Furthermore, the company issued guidance for the second quarter, which appears to be weighing on shares. Match Group said it expects second-quarter revenue to be between $850 million and $860 million versus estimates of $881.959 million.

Match Group also noted that it expects Tinder direct revenue to be between $475 million and $480 million in the second quarter, representing 9% year-over-year growth. For Hinge, the company sees direct revenue of $125 million to $130 million. This figure represents 50% year-over-year growth.

Match Group said it expects total revenue growth for full-year 2024 to be at the lower end of its previous guidance range of 6% to 9%.

Related Link: Expert Ratings for Bumble

Price Action: Match Group shares were down 6.09% at $29.59 at the time of publication, according to Benzinga Pro.

Photo: 1905224 from Pixabay.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2434774544?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-05-09 01:45","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2434774544","market":"hk","top_or_hot":-1,"title":"Why Match Group Stock Is Down 6% Wednesday","media":"Benzinga","content":"<html><body><p><strong>Match Group, Inc (NASDAQ:MTCH)</strong> shares fell Wednesday after the company announced financial results for the first quarter.</p>\n<p><strong>The Details:</strong> Match Group reported earnings on Tuesday after the market close that included GAAP EPS of 44 cents, beating analysts estimates of 41 cents, per Benzinga Pro. </p>\n<p>Match Group also reported sales of $859.658 million, beating analyst estimates of $855.511 million. The company’s sales results were up 9.21% from the same period last year.</p>\n<p>Furthermore, the company issued guidance for the second quarter, which appears to be weighing on shares. Match Group said it expects second-quarter revenue to be between $850 million and $860 million versus estimates of $881.959 million.</p>\n<p>Match Group also noted that it expects Tinder direct revenue to be between $475 million and $480 million in the second quarter, representing 9% year-over-year growth. For Hinge, the company sees direct revenue of $125 million to $130 million. This figure represents 50% year-over-year growth.</p>\n<p>Match Group said it expects total revenue growth for full-year 2024 to be at the lower end of its previous guidance range of 6% to 9%.</p>\n<p><em>Related Link: Expert Ratings for Bumble</em></p>\n<p><strong>Price Action:</strong> Match Group shares were down 6.09% at $29.59 at the time of publication, according to Benzinga Pro.</p>\n<p><em>Photo: 1905224 from Pixabay.</em></p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Match Group Stock Is Down 6% Wednesday</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Match Group Stock Is Down 6% Wednesday\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-09 01:45 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/24/05/38709351/why-match-group-stock-is-down-6-wednesday><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Match Group, Inc (NASDAQ:MTCH) shares fell Wednesday after the company announced financial results for the first quarter.\nThe Details: Match Group reported earnings on Tuesday after the market close ...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/24/05/38709351/why-match-group-stock-is-down-6-wednesday\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MTCH","symbol_name":"Match Group, Inc.","start_time":0,"source_url":"https://www.benzinga.com/news/earnings/24/05/38709351/why-match-group-stock-is-down-6-wednesday","article_id":"2434774544","we_media_id":"1052270027","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2434774544","pubTimestamp":1715190347,"sourceInfo":null,"weMediaInfo":{"media_name":"Benzinga","introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"summary":"Match Group reported earnings on Tuesday after the market close that included GAAP EPS of 44 cents, beating analysts estimates of 41 cents. Match Group also reported sales of $859.658 million, beating analyst estimates of $855.511 million. The company&#39;s sales results were up 9.21% from the same period last year.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MTCH":"Match Group, Inc.","BK4585":"ETF&股票定投概念","BK4077":"互动媒体与服务","BK4588":"碎股","BK4549":"软银资本持仓","BK4508":"社交媒体"},"translate_title":"为什么Match Group股票周三下跌6%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MTCH":1},"content_text":"Match Group, Inc (NASDAQ:MTCH) shares fell Wednesday after the company announced financial results for the first quarter.\nThe Details: Match Group reported earnings on Tuesday after the market close that included GAAP EPS of 44 cents, beating analysts estimates of 41 cents, per Benzinga Pro. \nMatch Group also reported sales of $859.658 million, beating analyst estimates of $855.511 million. The company’s sales results were up 9.21% from the same period last year.\nFurthermore, the company issued guidance for the second quarter, which appears to be weighing on shares. Match Group said it expects second-quarter revenue to be between $850 million and $860 million versus estimates of $881.959 million.\nMatch Group also noted that it expects Tinder direct revenue to be between $475 million and $480 million in the second quarter, representing 9% year-over-year growth. For Hinge, the company sees direct revenue of $125 million to $130 million. This figure represents 50% year-over-year growth.\nMatch Group said it expects total revenue growth for full-year 2024 to be at the lower end of its previous guidance range of 6% to 9%.\nRelated Link: Expert Ratings for Bumble\nPrice Action: Match Group shares were down 6.09% at $29.59 at the time of publication, according to Benzinga Pro.\nPhoto: 1905224 from Pixabay.","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2434774544"}