Reported about 5 hours ago
Match Group has predicted fourth-quarter revenue will fall short of analysts' expectations, highlighting ongoing difficulties in converting Tinder's casual users into paying subscribers. Following heavy investments in new features and AI security measures, the company reported a decline in paying users, including a notable drop in its app Hinge. The dating industry is responding to shifts in consumer behavior, but Match Group's turnaround efforts under its new CEO are progressing slower than anticipated.
Source: YAHOO