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Match Group on Tuesday forecast revenue for the fourth quarter below Wall Street estimates, anticipating continued weakness in spending on dating services amid unrest in some markets and high inflation.
The company sees total revenue between US$855 million to US$865 million for the quarter ending December. Analysts were expecting US$895.2 million, according to LSEG data.
Shares of Dallas, Texas-based Match were up 1 per cent in trading after the bell In the third quarter ended September, revenue grew 9 per cent to US$882 million, beating analysts’ estimate of US$880.6 million, according to LSEG.
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