THE MOTLEY FOOL – Match Group put up strong growth, but expectations were even higher. The stock was volatile for most of the year but then dipped toward the end of 2021, tracking with a sell-off in other growth stocks. The stock jumped 10% in October to reach its high point for the year on news that Google would slash in-app subscription fees to 15%, but the company missed estimates in its third-quarter earnings report in November and offered weak guidance for Q4. Match stock is down 5% through the first three days of 2022, showing that the stock could still face pressure from rising interest rates. However, Match remains a good bet for long-term growth.
by Jeremy Bowman
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