Shares of dating app company Match (NASDAQ:MTCH)
jumped 10.1% in the afternoon session after the company reported second-quarter results that indicated early signs of a successful turnaround for its key Tinder dating app. The company’s revenue of $864 million remained flat compared to the previous year but surpassed guidance. More impressively, earnings per share crushed analyst expectations. The positive results stemmed from initial improvements in Tinder's user metrics and continued strong operational momentum at the Hinge app. Following the report, Wall Street sentiment improved. JPMorgan lifted its price target to $33, and Goldman Sachs boosted its target to $42. Both firms pointed to the promising product initiatives designed to enhance the Tinder app as a key reason for their optimism.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
Curious about the market action on Wednesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Dating app company Match (NASDAQ:MTCH) reported Q2 CY2025 results exceeding the market’s revenue expectations, but sales were flat year on year at $863.7 million. Guidance for next quarter’s revenue was optimistic at $915 million at the midpoint, 2.9% above analysts’ estimates. Its GAAP profit of $0.49 per share was in line with analysts’ consensus estimates.
As the regular session of the US market on Tuesday comes to an end, let's delve into the after-hours session and discover the top S&P500 gainers and losers shaping the post-market sentiment.
Let's have a look at what is happening on the US markets after the closing bell on Tuesday. Below you can find the top gainers and losers in today's after hours session.
Match Group (MTCH) beats Q2 2025 EPS estimates with $0.72, surpassing forecasts. Revenue neared expectations despite a $14M legal charge. Tinder's turnaround and Hinge's 25% growth fuel investor optimism, driving shares up 10% after hours.
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Bumble Inc approved reducing global workforce by 30%. Expects to incur non-recurring charges of $13-18 million and achieve $40 million in annual cost savings. Stock up 17%.
Bumble expects the reduction in headcount to generate up to $40 million in annual cost savings but estimates that the restructuring will result in $13 million to $18 million in non-recurring charges.
