FILE PHOTO: The dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. Picture taken September 1, 2020. REUTERS/Akhtar Soomro/Illustration/File PhotoMatch Group on Tuesday forecast revenue for the fourth quarter below Wall Street estimates, anticipating continued weakness in spending on dating services amid unrest in some markets and high inflation.
The company sees total revenue between $855 million to $865 million for the quarter ending December. Analysts were expecting $895.2 million, according to LSEG data. Shares of Dallas, Texas-based Match were up 1 per cent in trading after the bell In the third quarter ended September, revenue grew 9 per cent to $882 million, beating analysts' estimate of $880.6 million, according to LSEG.
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