Match Group, the American company that owns dating applications such as Tinder, OkCupid or Meetic will carry out a template adjustment that will affect 8% of its workforcethe global level, which will mean the departure of about 200 workersas announced by the multinational after presenting its annual accounts.
“We expect to reduce our global workforce by approximately 8%,” announced Match Group’s financial director, Gary Swidler, during a conference with analysts after the publication of the multinational’s results.
In this sense, Match Group recorded net attributable profit of $361.9 million in 2022 (333 million euros), 30.3% more than in 2021.
For its part, the company’s revenues totaled 3,189 million dollars (2,939 million euros) for the year as a whole, 6.9% more, including 1,794 million dollars (1,653 million euros) generated by Tinder.
However, the costs of Match Group in the year amounted to 2,673.8 million dollars (2,464 million euros), 25.5% more.
Between October and December, the company earned net attributable profit of $84.5 million (78 million euros), compared to losses of 168.6 million dollars (155 million euros) in the same period of 2021, while revenues fell by 2.5%, to 786 million dollars (724 million euros). euro).
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Looking ahead to the first quarter of 2023, Match Group expressed confidence in reaching a revenue range of between 790 and 800 million dollars (728 and 737 million euros), with an adjusted operating profit of between 250 and 255 million dollars ( 230 and 235 million euros).
Match Group Stock fell by 9% after the company’s forecasts fall below market consensus expectations.