Match Jumps Most Since 2022 After 6% Job Cuts, Upbeat Earnings

Match Group Inc. shares jumped the most in nearly two years after it announced plans to cut 6% of its staff and delivered better-than-expected earnings, signaling to Wall Street investors that the worst may be behind it.

The company announced the layoffs on Tuesday as part of its move to shut down livestreaming services across some of its dating apps. The cuts will result in annual cost savings of about $13 million, it said.

Match also posted second-quarter results that were better than what analysts feared. The number of people paying for its largest dating app, Tinder — a metric ...