Photo: Reuters
Match Group announced on Tuesday that its CEO, Shar Dubey, will step down to be succeeded by Bernard Kim, effective May 1.
Bernard Kim is the president of mobile gaming maker Zynga.
Dubey joined March Group in 2006, and her departure is after serving two years as the company’s CEO. However, she will continue to serve as a director and advisor to the company.
Match, which owns dating apps like Tinder, Hinge, and OkCupid, also announced its quarterly results. According to Refinitiv data, the company’s total revenue rose 20% to $799 million in the first quarter, beating analysts’ estimates of $794.2 million.
The easing of COVID restrictions has increased user mobility in most of Match’s markets, allowing people to explore and connect outdoors and attracting more users to its flagship dating apps.
The company said that the growth was achieved despite negative impacts from Russia’s invasion of Ukraine on its European business and sustaining COVID-19 cases.
Tinder’s direct revenue grew 18% from a year ago for the first quarter.
Match Group’s board has also authorized a buyback of up to 12.5 million outstanding shares.
