Meding is appointed by the co-founder of Zillow Spencer Rascoff for the executive director

Matching group announced on Tuesday which Zillow The conqueror Spencer Rascoff will serve as his new executive director.

Rascoff, who has been a member of the Internet Company Company since March 2024, will be replaced by Bernard Kim in the role, Match said.

“During his stay on the Committee, Spencer showed a strong strategic perspective and a deep understanding of the brands and the capabilities of Match Group,” said the President of the Match Tom McInerney group in a statement. “We are convinced of his ability to launch the next stages of the company innovation and growth.”

With the change of leadership, he announced Match The fourth quarter Results, but the lack of leadership. The match announced an earnings per share of $ 59 cents at $ 860 million in revenue. This surpassed 54 cents per share in earnings and $ 859 million in revenue that are analysts who surveyed LSEG.

However, parent Tinder and Hinge issued disappointing guidelines for the first quarter. The company forecast sales from $ 820 to $ 830 million for a quarter, missing $ 853 million from LSEG.

After the report, the shares sank 7% in extended trading.

Rascoff, 49, is best known for her role in Zillow. He founded a real estate technology company almost two decades ago and served in various roles, including executive director, before departure 2019. The Harvard University Graduate also founded the Hotwire website, which Luxury Purchased for almost $ 700 million in 2003.

Match was completely thrown out of Barry Diller’s IAC group 2020, but he had a hard driving as an independent public company. His market cap was around $ 30 billion at that time Transactions and since then decreased below $ 10 billion, which reflected the dramatic slowdown in revenue growth.

Last month, IAC said His Committee approved Spinoff EnterThe house market for the improvement that the company acquired in 2017.

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