Here’s Why Match Group Inc. (MTCH) Crashed on Wednesday

We recently compiled a list of the 10 Firms Defy Wednesday’s Broader Market Optimism. In this article, we are going to take a look at where Match Group Inc. (NASDAQ:MTCH) stands against the other stocks.

Wall Street extended its winning streak on Wednesday, with all of its main indices closing in the green territory, as investors seemed to have already factored in the news of tariffs imposition alongside uncertainties surrounding the Artificial Intelligence industry.

The Dow Jones gained another 0.71 percent, the S&P 500 grew 0.39 percent, and the tech-heavy Nasdaq increased by 0.19 percent.

Ten companies, however, defied a broader market optimism, mostly due to disappointing earnings results. This article details the reasons behind the drop in their share prices and latest earnings performance.

To come up with Wednesday’s biggest losers, we considered only the stocks with at least $2 billion in market capitalization and $5 million in daily trading volume.

A silhouette of an iPhone user scrolling through an online dating app, representing the company’s mobile application.

Match Group Inc. (NASDAQ:MTCH)

Dating apps operator Match Group Inc. saw its share prices on Wednesday tumble by 7.92 percent to finish at $33.58 apiece as investor sentiment was weighed down by the company’s pessimistic outlook for 2025.

In a statement, Match Group said it sees between 3 to 5 percent lower revenues for the first quarter of the year at between $820 million to $830 million, as well as a decrease of 3 percent for revenues for the full year to settle at $3.37 billion to $3.5 billion versus 2024.

Last year, full-year revenues increased by 3 percent to $3.48 billion from $3.37 billion in 2023, while revenues for the fourth quarter alone dipped by 0.7 percent to $860 million from $866 million year-on-year.

Match Group is one of the largest online dating app operators which owns brands such as Tinder, Hinge, Match, Meetic, OkCupid, Pairs, PlentyOfFish, Azar, and BLK, among others.

Overall MTCH ranks 8th on our list of Wednesday’s top losers. While we acknowledge the potential of MTCH as an investment, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter timeframe. If you are looking for an AI stock that is more promising than MTCH but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock.

READ NEXT: 20 Best AI Stocks To Buy Now and Complete List of 59 AI Companies Under $2 Billion in Market Cap.

Disclosure: None. This article is originally published at Insider Monkey.