WALL STREET JOURNAL - Match Group reported mixed Q4 results on Tuesday with adjusted operating income coming in just above Wall Street's estimate, while both Tinder revenue and total revenue growth fell slightly short of analysts' expectations. Match attributed the revenue shortfall to foreign exchange and lingering effects of Omicron. Match talked more about relationship app Hinge. Match now says Hinge did just under $200M in revenue last year and forecasts that revenue would grow to ~$300M this year. Hinge's payers increased ~60% in the Q4 quarter versus the same period of 2019 with revenue per payer growing ~300% over that period.
by Laura Forman
See full article at Wall Street Journal
See the top news on Match Group
See the top news on Hinge
| |
