Match Group Cuts COO Position, Aims $100M Savings After Q1 Beat with Lowered Guidance
Match Group eliminated its COO role, terminating Hesam Hosseini after 18 years as part of a leadership shakeup expected to save $100M annually. The company posted Q1 revenue of $878M and EPS of $0.83, beating estimates but issued full-year revenue guidance of $3.41–3.54B below analysts’ $3.59B target.
1. Leadership Reshuffle and Cost-Cutting
Match Group eliminated the COO role under CEO Spencer Rascoff and announced a series of layoffs designed to cut $100M in annual costs. The move follows a broader internal shakeup that earlier saw the departure of President Gary Swidler.
2. Hosseini’s Departure Details
Hesam Hosseini, who served 18 years with Match Group and was COO since April 2025, will exit the company. His employment agreement included a $635,000 base salary, discretionary bonus and benefits, and was set to renew in April 2026 before the reassessment.
3. Q1 Financial Performance
In the first quarter, Match Group generated $878 million in revenue and reported earnings per share of $0.83, surpassing estimates of $871 million and $0.70 EPS. The results highlighted ongoing user challenges even as topline metrics outperformed expectations.
4. Forward Guidance and AI Strategy
The company forecasted full-year revenue between $3.41 billion and $3.54 billion, below the $3.59 billion analysts had projected. Match Group plans to introduce new AI-driven features at an upcoming product event to reinvigorate engagement on Tinder.