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Tinder’s parent company cuts Q4 revenue forecast
Match Group Inc., the owner of dating apps Tinder, Hinge, and OKCupid, has lowered its fourth-quarter revenue forecasts.
The company cited foreign currency fluctuations as a key factor.
Total revenue and Tinder direct revenue are expected to fall below previous projections.
Consequently, shares dropped 3.8% in premarket trading.
Over the next three years, Match aims to return at least 100% of its free cash flow to shareholders through dividends and buybacks.
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