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Benzinga
Benzinga
Business
Adam Eckert

Why Match Group Shares Are Falling After Hours

Match Group Nasdaq Match Group Inc MTCH

Match Group Inc (NASDAQ:MTCH) shares are trading lower in Tuesday's after-hours session after the company reported first-quarter financial results, issued guidance below analyst estimates, and announced a CEO transition.

Match Group said first-quarter revenue grew 20% year-over-year to $798.63 million, which beat the $795.69 million estimate. The company reported quarterly earnings of 60 cents per share, which beat the estimate of 53 cents per share.

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