Tinder Parent Match Group Falls Some 15% After Hours on Weak Revenue Forecast
$Match group (MTCH.US)$ saw its shares fall nearly 15% after hours Tuesday after the parent firm of Tinder and other dating apps reported weaker-than-expected forward guidance.
MTCH fell 14.5% to $35.27 as of about 4:45 p.m. New York time after forecasting Q3 revenue in a $885 million-$895 million range.
That came in with an $890 million midpoint -- below analysts' estimate of $891.5 million.
MTCH also reported Q2 revenue of $853 million, down 1% and missing analysts' estimate of $856.8 million.
Paying users likewise fell 6% to 13.3 million in Q2, although revenue per payer rose 6% to $21.13.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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