Match Group expects quarterly revenue below estimates as spending on dating apps falls

FILE PHOTO: Match Group brands are seen in this illustration taken, May 1, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Tinder-parent Match Group forecast second-quarter revenue below Wall Street estimates on Tuesday, as people dial back spending on dating apps, weighing on user growth. Shares of the Dallas, Texas-based company fell more than 4% in aftermarket trading.

Match Group - which offers dating apps including Tinder, Hinge, OkCupid - has been grappling with slowing revenue due to weaker discretionary spending by users in an uncertain economy.