Match Group Shares Surge 10.4% on Turnaround Optimism
Match Group (MTCH) rallied sharply after reporting Q2 earnings that topped revenue estimates and met bottom-line expectations. The online dating conglomerate's flat year-over-year growth marked an improvement from recent declines, with guidance suggesting a return to modest expansion next quarter.
New CEO Spencer Rascoff's restructuring of struggling flagship app Tinder appears to be gaining traction. The platform remains down 7% in revenue but shows early signs of operational improvement through workforce reductions, AI integration, and accelerated product development cycles.