WALL STREET JOURNAL - Aug 12 - After a solid Q1, Match Group and Bumble reported Q2 earnings that topped Wall Street's expectations. But after significant gains earlier this year for both stocks, even big numbers have done little to keep the fire alive. As of Wednesday's close, Match's shares were down 7% this year, including a 12% selloff this month. And while Bumble's shares soared on their first day of trading in February, closing 63% above their offering price, they have lost 32% of their value since. Chances are, some of those losses will linger. In part because of Covid-19's impact, Match's Q3 revenue guidance last week came in slightly below analysts' forecast, excluding Hyperconnect. Bumble's guidance looked solid for the Q3. Full-year guidance shows both companies expect the period to end on a high note.
by Laura Forman
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