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flag Match Reports Decline in Paying Tinder Users, Announces Buyback.

flag Match Group Inc. reported a decline in paying users on its largest dating app, Tinder, for the fifth consecutive quarter. flag The decline comes after the company raised prices on some subscription plans. flag The number of paying users fell 8% from last year to just under 10 million, which surpasses the 6.6% drop that analysts had anticipated. flag In a letter to shareholders, Match attributed the loss of users to the higher-priced subscription plans it introduced last year and "daily new user softness." flag The company projected a first-quarter revenue of $850 million to $860 million, which is less than the average analyst estimate of $869.7 million. flag In addition to the user decline, Match reported revenue of $866.2 million and profits of 81 cents per share in the fourth quarter, both of which exceeded expectations. flag The company also announced plans for a $1 billion share buyback program.

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