Match Group falls on weak revenue forecast

Match

05/08/2026 09:25

** Match Group MTCH.O falls 10.1% in pre-market trading after co forecast Q3 revenue below Wall Street estimates, overshadowing signs of improvement at its Tinder dating app
** Co forecast Q3 rev between $885 mln and $895 mln, with the midpoint below analysts' estimate of $891.5 mln per LSEG data, citing weakness in its Everyone Everywhere brands
** The weak outlook overshadowed some positive signs in Q2, including a narrowing decline in Tinder's daily active users and 13% growth in Hinge's global monthly active users
** Stock recently at 14x expected earnings vs five-yr avg forward PE of 21, suggesting shares may be undervalued, per LSEG data
** Despite the drop, stock up ~28% YTD, outperforming the Nasdaq's .IXIC ~14% rise; avg rating of 20 analysts covering the stock is "hold"

 (Reporting by Rashika Singh in Bengaluru)
 ((Rashika.Singh@thomsonreuters.com;))