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Why Investors Swiped Left on Match Group Stock Today

TheMotleyFool

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Match Group (NASDAQ: MTCH) stock slumped 6% through 10:10 a.m. ET on Wednesday despite "beating earnings" Tuesday evening. Analysts forecast the online dating app would earn $0.40 per share on $855.5 million in first-quarter sales. In fact, Match reported a profit 10% higher -- $0.44 per share -- and superior sales of $859.6 million.

Its stock dropped anyway.

Those headline numbers hide some uncomfortable facts. Despite growing sales by 9%, Match suffered a 6% decline in paying subscribers, including a dramatic 14% slump in the company's biggest market, the Americas.

Source Fool.com

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