Match Group Inc ( MTCH ) shares are facing selling pressure in extended trading Tuesday after the company reported fourth-quarter financial results and announced a CEO transition.

Q4 Revenue: $860 million, versus estimates of $858.84 million

Q4 EPS: 59 cents, versus estimates of 55 cents

Total revenue declined 1% year-over-year as payers fell 4% year-over-year to 14.6 million. Tinder revenue was down 3% year-over-year, while Hinge revenue increased 27% year-over-year. Revenue for the Evergreen and Emerging category fell 8% year-over-year and Match Group Asia revenue declined 9% year-over-year.

“We had a strong finish to the year and are seeing solid peak season new user trends …  Our 2025 outlook remains unchanged since Investor Day on a FX neutral basis, though the strengthening U.S. dollar continues to put pressure on as reported results,” said Steven Bailey, Match Group’s incoming CFO.

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Outlook: Match Group ( MTCH ) expects first-quarter revenue to be in the range of $820 million to $830 million versus estimates of $853.09 million. The company expects full-year 2025 revenue to be between $3.38 billion and $3.5 billion.

Match Group ( MTCH ) also announced Spencer Rascoff was named CEO, effective immediately. Racoff will succeed Bernard Kim, who is stepping down from his role.

Match Group ( MTCH ) executives will discuss the quarter on a call set for 8:30 a.m. Wednesday morning.

MTCH Price Action: Match Group ( MTCH ) shares were down 8.23% after-hours, trading at $33.47 at the time of publication Tuesday, per Benzinga Pro.