Will the Departure of Match Group’s CEO Affect Tinder’s Future?
Match Group's (NASDAQ: MTCH) stock recently plunged after the online dating giant posted mixed fourth-quarter numbers. Its revenue rose 20% annually to $547 million but missed expectations by nearly $6 million.
Its net income grew 14% to $132 million, or $0.45 per share, which beat estimates by a penny, while its adjusted EBITDA grew 22% to $215 million. Those numbers weren't disastrous, but two issues raised questions about Match's future.
First, Match expects its first-quarter revenue and adjusted EBITDA to rise 18% and 11% year-over-year, respectively, at the midpoint of its guidance. Analysts had expected its revenue to rise 21%, with 20% adjusted EBITDA growth.
Source Fool.com
