Match Group Inc (MTCH)

Shares of Match Group, Inc. (MTCH) dropped by 15.35% from $34.60 to $29.29 in the trading on Wednesday, November 1, 2023. The reason why MTCH down is due to the company's weaker-than-expected Q4 guidance:

• Downward Q4 Guidance Shakes MTCH Stock: Match Group reported 9% revenue growth, hitting $881.6 million, slightly above expectations. However, the company significantly lowered its Q4 outlook, mainly due to a substantial decline in paying users across regions.
• Revenue Breakdown and Paying User Decline: Match Group's revenue by region: Americas - $455.2 million (up 10%), Europe - $252 million (up 17%), APAC and other - $159.6 million (down 4%). Paying users decreased by 5% to 15.7 million overall, with declines in the Americas (9%), Europe (2%), and APAC and other regions (1%).