Match falls after weak quarterly revenue forecast
MTCH•Q2 revenue misses estimates
The company reported Q2 revenue of $853 million, down 1%, missing the estimate of $856.8 million.
Paying users fell 6% to 13.3 million in Q2, though revenue per payer rose 6% to $21.13.
Shares were up over 27% so far this year.
Shares fall after soft Q3 revenue outlook
Tinder-parent Match Group's MTCH.O shares fell 11.5% to $36.51 in extended trading after the company gave a weak quarterly revenue forecast.
MTCH sees Q3 revenue in the range of $885 million to $895 million, with the midpoint below analysts' estimate of $891.5 million, according to data compiled by LSEG.
