US EditionTinder parent Match cuts 13% of workforce, forecasts revenue above estimates
- Match Group announced a 13% workforce reduction and forecasted second-quarter revenue above estimates on May 8, 2025, at its Dallas headquarters.
- The company experienced a 3% drop in revenue for the quarter ending March 31, mainly due to a 5% decrease in paying subscribers amid ongoing challenges in the dating app sector.
- Match Group, led by CEO Spencer Rascoff since February 2025, introduced new features like double-date and AI-enabled discovery to engage younger users.
- The company’s revenue per paid user climbed from $18.87 last year to $19.07 in the first quarter, and it projected its second-quarter revenue to fall within a range of $850 million to $860 million, surpassing analysts’ expectation of $846.7 million.
- The layoffs aim to cut costs, streamline management affecting about 325 employees, and centralize key functions to improve margins and operational efficiency.
19 Articles
19 Articles
Fast Company
BizTocTech layoffs update May 2025: Panasonic, Match Group, CrowdStrike, among latest to cut jobs
May has only just begun, but already, it has not been a good month for the tech industry in terms of layoffs. Since the month started, several prominent names in technology have announced layoffs, some involving a significant number of workers. Here are the companies involved in the latest round of tech layoffs Panasonic Holdings The iconic Japanese electronics giant, founded over a century ago, announced on May 9 that it would eliminate 10,000 …
Tinder parent Match's paying users fall as demand slowdown intensifies
Match Group on Thursday posted a 5% fall in paying users for the first quarter, sending its shares down 7% as investors concerned about the Tinder owner's business revamp looked past its estimate-beating results.
How dating app Bumble got off track, according to its CEO Whitney Wolfe Herd
Whitney Wolfe Herd returned to Bumble as CEO in March.Dia Dipasupil/Getty ImagesBumble reported a 7.7% year-over-year revenue drop in the first quarter of 2025.Whitney Wolfe Herd, Bumble's founder and newly returned CEO, explained how it got off track.Wolfe Herd said Bumble's prior focus on growth "came with a hidden cost."Bumble's CEO knows you're not happy with dating apps.The dating app company reported its first-quarter earnings on Wednesday…
Coverage Details
Bias Distribution
- 50% of the sources are Center
To view factuality data please Upgrade to Premium
