Match Group Shares Rise as Revenue Outlook Tops Analyst Estimates
Match Group exceeded quarterly revenue expectations and issued a strong forecast for the first quarter. Shares rose as investors reacted to product changes.
Insights:
Match Group, Inc. forecast first-quarter revenue between $850 million and $860 million, signaling that its ongoing product turnaround efforts are beginning to resonate with investors. The midpoint of this range sits above the analysts' average estimate of $853.3 million, according to LSEG data. This outlook, combined with fourth-quarter revenue of $878 million that topped estimates of $871.3 million, led to a 7% rise in the shares of Match Group, Inc.during extended trading on Tuesday.
