💨 Abstract

Match Group, the parent company of Tinder, projected lower-than-expected fourth-quarter revenue, indicating a prolonged turnaround of its dating apps. The company's shares dropped over 13% in extended trading due to missed third-quarter revenue estimates and a decline in paying users for the eighth consecutive quarter. Meanwhile, smaller rival Bumble reported upbeat quarterly revenue.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖