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Match's weak quarterly revenue forecast masks improving trends at Tinder
['Tue', 'August At Pm Gmt', 'Min Read']
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Match expects mid-teens percentage declines in Everyone Everywhere revenue, compared with a low double-digit decline forecast in February, largely due to the Azar app redesign.
It forecast third-quarter revenue of $885 million to $895 million, with the midpoint below analysts' estimate of $891.5 million, according to data compiled by LSEG.
Match's ability to meet the forecast will largely depend on execution at Tinder and Hinge, according to Chandler Willison, analyst at M Science.
The Events product currently focuses on driving user growth rather than direct revenue, but is expected to become a revenue driver by 2027 and beyond, Bailey said.
Paying users fell 6% to 13.3 million, though revenue per payer rose 6% to $21.13.