File image: Spence Rascoff, co -founder and CEO of Dot.la, speaks during the Montgomery summit in Santa Monica, California, the United States, on Wednesday, 4 March 2020.
Patrick T. Fallon Bloomberg Gety pictures
The match group Declare Tuesday Zillow The co -founder Spencer Raskov will be her new CEO.
The match said that RASCOFF, who held the position of member of the board of directors of the online dating company since March 2024, would replace Bernard Kim in this role.
“During his time in the Board of Directors, Spencer showed a strong strategic perspective and a deep understanding of brands and opportunities for the Match Group group,” Tom McKinnerny, President of the match group, said in a statement. “We are confident of his ability to lead the next stage of innovation and growth of the company.”
In addition to changing the leadership, the match announced Better than expected the fourth quarter Results, but faded guidelines. The match was published for a per share 59 cents, $ 860 million in revenue. This was issued 54 cents per share in profits and $ 859 million in revenues expected by LSEG analysts.
However, one of the parents and the joints issued disappointing revenue instructions for the first quarter. The company expected $ 820 million to $ 830 million per quarter, and has declined from an estimate of $ 853 million from LSEG.
The shares sank 7 % in the stretch trading after the report.
RASCOFF, 49, is known for his role in Zillow. He participated in the establishment of the Real Estate Technology Company nearly two decades ago and served in various roles, including the CEO, before Departure In 2019. Harvard University graduate also established Hotwire online Exxpia He bought nearly $ 700 million in 2003.
The match was completely removed Barry Deller IAC Group In 2020, but had an independent public badge. The maximum market was about 30 billion dollars at that time Treatment since then has shrunk less than $ 10 billion, which reflects a significant slowdown in revenue growth.
Last month, IAC He said The Board of Directors approved the rotation EnterThe home improvement market that the company obtained in 2017.
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