2024-06-27 13:22:18 ET
Summary
- Dating app stocks, including Match and Bumble, have seen double-digit declines this year.
- In particular, Match's decline has been matched with severely slowing growth, with overall paid users also declining sequentially and y/y.
- Publicly traded rivals Bumble and Grindr, meanwhile, are gaining users.
- On top of losing users, Match's operating margins are also declining.
Dating app stocks have been in a world of pain this year. The top two publicly traded dating app companies: Match ( MTCH ), by far the largest company in the group and operator of Tinder and Hinge; Bumble ( BMBL ), the app best known for having women make the first connection, have both seen double-digit declines. Meanwhile Grindr ( GRND ), the LGBTQ dating app, has seen surprisingly strong performance driven by double-digit user and revenue growth. ...
Read the full article on Seeking Alpha
For further details see:
Match: Bleeding Users While Rivals Gain