started · updated
Match Group forecasts Q3 revenue miss, shares tumble 9%
Match Group said it expects third‑quarter revenue of $885 million to $895 million, a midpoint below analysts’ estimate of $891.5 million. The company also projected a mid‑teens percent decline in revenue from its "Everyone Everywhere" brands, citing the redesign of the Azar video‑chat app as a key factor.
The outlook weighed on the stock, which fell about 9% in extended trading. Tinder’s daily active‑user decline narrowed to 4% in the second quarter – the smallest drop in ten quarters – while Hinge’s global monthly active users rose 13% driven by growth in expansion markets. Match reported second‑quarter revenue of $853 million, down 1% and missing the $856.8 million consensus, with paying users falling 6% to 13.3 million but revenue per payer increasing 6% to $21.13.
Entities
Azar · Hinge · Match Group · Steve Bailey · Tinder
Claims
What the coverage asserts, and how many sources carry each claim.
- [● 3 SOURCES] Tinder’s daily active‑user decline narrowed to 4% in the second quarter, the smallest in ten quarters. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] Match Group reported second‑quarter revenue of $853 million, down 1% and missing the $856.8 million estimate. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] Match Group expects third‑quarter revenue of $885 million to $895 million. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] The decline is largely due to the Azar app redesign. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] Analysts estimate third‑quarter revenue of $891.5 million. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] Match Group expects mid‑teens percent decline in revenue from its Everyone Everywhere brands. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] Paying users fell 6% to 13.3 million and revenue per payer rose 6% to $21.13. mix929.com · wdez.com · wixx.com
- [● 3 SOURCES] Hinge’s global monthly active users rose 13% in the second quarter. mix929.com · wdez.com · wixx.com