According to techcrunch, match, a dating app giant, will welcome a new CEO. After more than two years in the top administrative position, match CEO and 16 year employee shar Dubey will step down. While releasing its first quarter results on Tuesday, the company announced that shar Dubey would resign as CEO of match group, but would remain on the company's board of directors and continue to serve as an adviser. Bernard Kim, the current president of Zynga, will serve as CEO from May 31 and will join the match board of directors**
In announcing the news, match said that Kim had been president of Zynga since 2016 and supervised some key functions, including global marketing, user acquisition, revenue, consumer insight, data science, product management, mergers and acquisitions and communication. Nintendo and Kim are also expanding to the new blockchain market( ?site_id=242986&euid=&t=https://www.jd.com/pinpai/14671.html ) Switch, snapchat and smart home devices have played a role in the expansion of new platforms. He also helped Zynga quadruple its market value before being acquired by take two for $12.7 billion in January 2022. Before Zynga, Kim worked in EA for nearly 10 years, served as senior vice president of mobile publishing, and previously worked at Walt Disney.
Introduce a mobile phone It is an interesting choice for game executives to lead a dating application company, especially when match wants to develop its business beyond traditional sliding based matching and into the so-called "metauniverse". Match has previously talked about its dating "metauniverse" program, which includes an economy based on virtual goods, real-time audio and the ability of online daters to meet and talk in virtual space. In addition, match's flagship dating app tinder began experimenting with interactive and social experiences in the new tinder explore section last fall, designed to help promote the boundaries of social overlap between dating and apps. Match has made the largest acquisition of hyperconnect in history. The company currently supports various products of match, meeting, pairs and POF, and is further promoting match to online social networking. Given Kim's background in Zynga, which initially established its empire as a social game platform on top of Facebook, the new executive may be able to provide insights on how to guide match to expand into new interactive and social spaces.
Bernard Kim said in a statement: "I am honored to join the excellent team of match group at such a critical moment, because the company continues to see strong momentum, strong user participation and passionate employees, who are driven to bring joy to millions of users from all walks of life. I greatly admire shar Dubey's leadership and the strong mission of match group to create meaningful connections for everyone in the world today and in the future."
Shar Dubey said: "I am honored to be able to step down from my daily operational role and have time and mind space to focus on the 'feedback' chapter of my life. As a director and consultant, I will have enough flexibility to approach the business aspects I love - products and strategies. I have entrusted the company to great people. With Bernard's vitality, new thinking and rich experience in mobile technology and consumer business, plus our brand With more than 70 years of institutional knowledge and category experience of the CEO and match group leaders, I am very excited about the next stage of the company and category. "
The company made a profit of $799 million in the first quarter, a year-on-year increase of 20%, higher than the expected $794 million of Wall Street. Its operating revenue increased by 10% year-on-year to $208 million, and its operating profit margin was 26%. Tinder's direct revenue increased by 18% over last year because paying users increased by 17% to 10.7 million. By the end of this quarter, match had nearly 100 million monthly active users. However, the company warned that the change in Google's mandatory payment through its own system would have a negative impact of an estimated $6 million from June 1. Match's shares fell 6% after the earnings report.