Match Group (MTCH) Lowers Revenue Forecast, Launches Dividend Program
Tinder, Match Group Inc.’s largest dating brand, said that it plans to prioritize improving its user experience over monetization, a bet that it can eventually reverse subscriber declines if it ditches its reputation as a “hookup app.”In the meantime, Tinder warned of declining to flat direct revenue through 2026 before returning to low-single digit growth in 2027, Chief Executive Officer Faye Iosotaluno said at Match’s first investor day on Wednesday. Match also lowered two of its fourth-quarte...
Read more at bloomberg.com