Tinder-parent Match Group forecasts quarterly revenue below estimates

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 Photoon 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% in trading after the bell In the third quarter ended September, revenue grew 9% to $882 million, beating analysts’ estimate of $880.6 million, according to LSEG.Europe’s top space official said on Tuesday there was “light at the end of tunnel” in efforts to bring the delayed Ariane 6 to the launchpad and restore Europe’s independent access to space.

Tinder-parent Match Group forecasts quarterly revenue below estimatesTinder-parent Match Group forecasts quarterly revenue below estimates Read more ⮕

Match Group’s stock slumps 8% on flat revenue, weak guidanceJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron’s and USA Today. Follow him on Twitter jswartz. Read more ⮕

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