File Photo: Spencer Rascoff, a co -founder and executive chairman of Dot.la, will give a lecture on Wednesday, March 4, 2020 at the Montgomery Summit held in Santa Monica, California, USA.
Patrick T. Fallon | Bloomberg | Getty Image
Match group Announced on Tuesday Zillow The co -founder Spencer Rascov will be a new CEO.
Ruscov, a member of the online dating company’s Board of Directors since March 2024, matches Bernard Kim in this role.
“When I was involved in the board, the Spencer showed a strong strategic perspective and deep understanding of the Match Group’s brand and opportunity,” said the match group chairman Tom McKinnie. “We are confident in the ability to promote the next innovation and growth stage of the company.”
In addition to the change in leadership, the match has announced the results of the fourth quarter, which is better than expected, but the guidance is insufficient. The match recorded a 59 -cent profit per share with a profit of $ 860 million. This was 54 cents per share and more than $ 859 million in earnings that LSEG voted analysts forecasted.
However, the parents of Tinder and Hinge issued a disappointing profit guidance in the first quarter. The Company predicts the sales of $ 830 million from $ 830 million in the quarter, below the $ 853 million estimate from LSEG.
The shares sank by 7 % in extension transactions after the report.
The 49 -year -old Rascov is the best in his role in Zillow. He jointly established real estate technology companies nearly 20 years ago and played various roles, including CEOs before departure in 2019. Expedia We purchased nearly $ 700 million in 2003.
The match was completely spun from Barry Diller IAC group In 2020, he has been running harshly as an independent public company. The market capitalization is about $ 30 billion at the time of transaction, and then less than $ 10 billion, reflecting dramatic deceleration in growing profits.
Last month, the IAC stated that the Board of Directors had approved the spin -off. AngiA housing improvement market acquired in 2017.
Watch: How did you create a $ 400 million dating aprine per year
