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Match Group Q3 Revenue Up 9%, Paying Users Down 5%; Q4 Revenue Forecast Below Estimates, Tinder, Stock Drops, Mixed Opinions

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Updated Nov 2, 2023, 01:37 AM

Match Group, the parent company of Tinder, reported a 9% increase in Q3 revenue to $882 million, slightly beating estimates. However, the number of paying users decreased by 5% year-over-year to 15.7 million. Match Group also forecasted Q4 revenue below estimates. Following the news, Match Group's stock dropped by over 8%. Investors are expressing mixed opinions, with some considering the stock to be cheap.

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