💨 Abstract

Match Group, a dating app provider including Tinder, Hinge, OkCupid, and Plenty of Fish, forecasts Q4 revenue below Wall Street estimates, signaling weak demand due to discretionary spending cuts. Shares fell 12.6% in extended trading. The company reported a decline in total paying users by 3% to 15.2 million in Q3, marking the 8th consecutive quarter of decline.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖