Match's weak quarterly revenue forecast masks improving trends at Tinder

Match reported second-quarter revenue of $853 million, down 1%, missing the estimate of $856.8 million.

Paying users fell 6% to 13.3 million, though revenue per payer rose 6% to $21.13.

Match Group forecast third-quarter revenue below Wall Street estimates on Tuesday, overshadowing signs of improvement in its struggling Tinder dating app and continued growth at Hinge, sending its shares down 9% in extended trading.

The company expects third-quarter revenue of $885 million to $895 million, with the midpoint below analysts' estimate of , according to data compiled by LSEG.