PRESS RELEASE - In Q2 '24, Match Group reported a 4% revenue increase to $864M, or 8% when adjusted for foreign exchange, totaling $892M. Operating income decreased by 5% to $205M. Tinder saw a modest 1% growth in direct revenue to $480M, while its user base declined by 8%. In contrast, Hinge experienced a 48% revenue increase to $134M, driven by a 24% rise in payers. Both apps implement features like AI-driven photo selection and "Your Turn Limits" to address user challenges, such as dating fatigue, and improve the overall dating experience by emphasizing safety and meaningful connections.
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