“I think the market is still taking a wait-and-see approach. Prices have jumped, but not nearly as much as they could,” Reed told Fortune.
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The move comes after the dating app maker reported an earnings beat in the first quarter, with revenue of $878 million and earnings per share of 83 cents, above estimates of $871 million and earnings per share of 70 cents. However, the company’s forecast for the year ahead fell short of estimates, with expectations of $3.41 billion to $3.54 billion in revenue, when Wall Street was estimating $3.59 billion. The company said it was also planning to roll out more AI products and features for its flagship app Tinder.,推荐阅读一键获取谷歌浏览器下载获取更多信息