Match Group's Q1 earnings exceeded revenue estimates at $860M, but Tinder's paying users declined 9%.
Match Group reported Q1 earnings surpassing revenue estimates at $860M (up 9% YoY), with Tinder and Hinge contributing $481.5M and $123.8M, respectively. However, the company faces challenges with a 9% decline in Tinder's paying users, leading to a total of under 10M users. Match Group forecasts Q2 revenue below analyst estimates due to weaker discretionary spending and increased competition from rivals like Bumble.
May 07, 2024
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