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Match's weak quarterly revenue forecast masks improving trends at Tinder
The company sees mid-teens declines in its Everyone Everywhere brands, while Tinder’s daily active user drop narrowed to 4% and Hinge users rose 13%.
- On Tuesday, Match Group forecast third-quarter revenue of $885 million to $895 million, missing analysts' $891.5 million estimate and sending shares down 9 per cent in extended trading.
- The weak outlook stems from the Everyone Everywhere portfolio, including Azar and Pairs apps, CFO Steve Bailey said, citing expected mid-teens percentage revenue declines versus low double-digit declines forecast in February.
- Tinder's daily active user decline narrowed to 4 per cent in the second quarter, the smallest drop in 10 quarters, while Hinge's global monthly active users rose 13 per cent driven by expansion markets.
- Match reported second-quarter revenue of $853 million, down 1 per cent and missing the $856.8 million estimate, as paying users fell 6 per cent to 13.3 million.
- Match's Events feature, piloted in Los Angeles in March, has hosted more than 60 gatherings and is expected to become a revenue driver by 2027, as dating apps increasingly bet on AI-powered features.
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12 Articles
12 Articles
Match’s Quarterly Revenue, Outlook Fall Shy of Analyst Estimates
Match Group Inc. gave a revenue forecast for the current quarter that narrowly missed analysts’ estimates, suggesting its dating sites still need to attract more younger users as part of its turnaround effort.
·New York, United States
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The Billings Gazette+2 Reposted by 2 other sources
Match Group Announces Second Quarter Results
Tinder Y/Y DAU and MAU Trends Improve as Turnaround Gains Momentum
·Billings, United States
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Coverage Details
Total News Sources12
Leaning Left2Leaning Right1Center8Last UpdatedBias Distribution73% Center
Bias Distribution
- 73% of the sources are Center
73% Center
L 18%
C 73%
Factuality
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