Match Group (NASDAQ: MTCH) -- the leading online dating company around the world and home to apps such as Tinder and Hinge -- is one of the worst-performing stocks over the past year. Shares are down over 65% in the last 12 months, severely underperforming the S&P 500 over that time span. Investors are worried about managerial changes, foreign-exchange headwinds, and a general slowdown for a business that used to consistently grow its revenue by 20% or more each year. 

Times are tough for Match Group shareholders right now, but there are reasons to be optimistic about this stock going forward. Here are three reasons Match Group is set for a rebound in 2023.

Earlier this year, Match Group brought in a new CEO, Bernard Kim. After touring all of Match Group's online dating companies, his biggest takeaway was that Tinder was underperforming its potential. He subsequently fired the division's management team and installed himself as the interim leader of Tinder while he looks for a new CEO. He also brought in an all-star cast of executives from inside and outside Match Group to improve the application.

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Source Fool.com