Match Group misses on Q2 revenue up 12% YoY to $795M, vs. $804M est., and paying users up 10% YoY to 16.4M, vs 16.5M est.; stock down 22% on stymied growth
The second quarter of 2022 was an exciting one for Match Group. Eric J. Savitz / Barron's Online : Match Stock Crumbles. Earnings and Outlook Fell Short. TechCircle : Tinder CEO Renate Nyborg steps down, firm scraps metaverse plans Denny Jacob / Wall Street Journal : Match Splits With Tinder CEO as Earnings Fall Short Tweets: @martinsfp : Translation: we got excited by the metaverse hype and moved too fast, and now we've realised we don't actually know what the metaverse will be. https://techcrunch.com/... https://twitter.com/... Dare Obasanjo / @carnage4life : Honestly surprised that Tinder's usage did not bounce back as COVID lockdowns ended. I wonder if the narrative is right that Gen Z don't like dating apps or if the issue is some new platform below the radar. https://techcrunch.com/... Jessica Bursztynsky / @jbursz : Tinder CEO Renate Nyborg is leaving the company after less than a year on the job. “I have made some changes to the management team and structure that I am confident will help deliver Tinder's full potential,” $MTCH CEO Bernard Kim told investors https://s22.q4cdn.com/...