Match Could Gain From Hinge's Sustained Growth and Tinder Recovery - Online Personals Watch: News on the Online Dating Industry and Business

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Match Could Gain From Hinge's Sustained Growth and Tinder Recovery

Match GroupBENZINGA - Match Group said Q3 revenue increased 1% YOY to $810M, which beat average analyst estimates of $795M. Paying users increased 2% YOY to 16.5M. Match Group plans to focus on Tinder growth as it heads into 2023. Match Group expects Q4 revenue to be between $780M and $790M. Keybanc analyst Justin Patterson views Match as an improving execution story that should benefit from sustained growth at Hinge and a recovery in Tinder. He views 2023 guidance for 5-10% revenue growth and at least flat margins as reasonable.

by Anusuya Lahiri
See full article at Benzinga

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Nov 09, 2022 |

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