Match Group reported lower Q4 revenue projections and a 3% decline in paying users.
In Q3 2024, Match Group, which owns dating apps like Tinder and Hinge, reported lower-than-expected revenue projections for Q4, estimating between $865 million and $875 million, below analysts' expectations. The company saw a 3% decline in paying users to 15.2 million, continuing a downward trend for eight quarters. Economic uncertainty and a lack of new features contributed to this decline, although Hinge showed strong revenue growth of 36%.
5 months ago
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