REUTERS – Match Group appointed Spencer Rascoff as its new CEO amid declining user engagement and a weaker-than-expected revenue forecast. Shares fell 9% after the company projected 2025 revenue between $3.38B and $3.50B, below analysts’ estimates. The company continues to face slowing demand, increased competition, and declining paying users, which fell 4% in Q4, marking the ninth consecutive quarter of decline. Spencer Rascoff is succeeding Bernard Kim. Rascoff, a former Zillow CEO and co-founder of Hotwire and Pacaso, has been on Match Group’s Board since 2024 and brings extensive experience in scaling consumer tech businesses. Rascoff aims to drive the next phase of growth.
by Judy Babu
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