Match Group names new COO, President to step down in July

Match Group Inc . (NASDAQ:MTCH), the parent company of various dating services, announced significant changes in its leadership structure. On Monday, the company disclosed the promotion of Hesam Hosseini to Chief Operating Officer, effective April 1, 2025. Hosseini, who has been with Match Group since 2013, will retain his role as CEO of Evergreen & Emerging Brands, a position he has held since February 2023.

The appointment comes as part of a broader executive shuffle within the company. Gary Swidler, Match Group’s President, has notified the company of his intention to leave his role effective July 4, 2025. Swidler will step down from his current position on April 1, 2025, and will continue as an employee advisor until his departure. The transition comes as Match Group maintains robust profitability with a 71.58% gross margin and a P/E ratio of 15.69.

According to the SEC filing, Hosseini’s new employment agreement includes an annual base salary of $635,000, potential cash bonuses, equity awards, and other customary benefits. Should he be terminated without cause or for good reason, he is entitled to a severance package, including salary continuation, bonus payment, and health coverage for up to 12 months.

The company has also outlined non-compete and non-solicitation clauses that will bind Hosseini for 12 months post-employment, along with confidentiality and proprietary rights agreements.

This executive transition is part of the company’s ongoing efforts to adapt its leadership team to the evolving market. Match Group, known for its portfolio of dating services, including Tinder, Match.com, and OkCupid, has not provided further details on the reasons behind the departure of Swidler or the strategic implications of Hosseini’s appointment. For deeper insights into Match Group’s strategic position and detailed financial analysis, investors can access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.

Investors and market analysts will be watching closely to see how these changes impact the company’s strategy and operations moving forward, particularly as three analysts have recently revised their earnings expectations downward for the upcoming period. The information reported is based on Match Group’s recent SEC filing and InvestingPro data.

In other recent news, Match Group has been in the spotlight due to several key developments. Moody’s upgraded Match Group’s senior unsecured note rating to Ba2, following the company’s repayment of a $425 million senior secured term loan, which helped reduce its pro forma leverage. This move has been viewed positively, with the company’s liquidity expected to remain strong over the next year. Meanwhile, analysts have adjusted their price targets for Match Group shares, reflecting mixed sentiments about the company’s financial outlook. Citi raised its price target to $34, citing foreign exchange challenges affecting first-quarter guidance, while maintaining a Neutral rating. JPMorgan also maintained a Neutral rating with a $33 target, noting improvements in Tinder’s user growth but highlighting the need for revenue acceleration. Barclays (LON:BARC) adjusted its target to $52, maintaining an Overweight rating and expressing cautious optimism about the company’s trajectory under new CEO Spencer Rascoff. Morgan Stanley (NYSE:MS) increased its target to $33, acknowledging potential positive trends in Tinder’s monthly active users, but emphasized the need for consistent growth to support a more bullish outlook. These developments underscore the varied analyst perspectives on Match Group’s performance and future prospects.

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