Match Group (MTCH.O) 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 dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. Picture taken September 1, 2020. REUTERS/Akhtar Soomro/Illustration/File Photoon 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 $855 million to $865 million for the quarter ending December. Analysts were expecting $895.2 million, according to LSEG data. Shares of Dallas, Texas-based Match were up 1% in trading after the bell In the third quarter ended September, revenue grew 9% to $882 million, beating analysts' estimate of $880.6 million, according to LSEG.Europe's top space official said on Tuesday there was "light at the end of tunnel" in efforts to bring the delayed Ariane 6 to the launchpad and restore Europe's independent access to space.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Tinder-parent Match Group forecasts quarterly revenue below estimatesTinder-parent Match Group forecasts quarterly revenue below estimates
Read more »
Match Group’s stock slumps 8% on flat revenue, weak guidanceJon Swartz is a senior reporter for MarketWatch in San Francisco, covering many of the biggest players in tech, including Netflix, Facebook and Google. Jon has covered technology for more than 20 years, and previously worked for Barron's and USA Today. Follow him on Twitter jswartz.
Read more »
Moreno scores twice as Villarreal beats Granada in pulsating Spanish league matchVillarreal has beaten Granada 3-2 in a pulsating Spanish league game. The visitors scored three times in quick succession only for Granada to counter twice before halftime. However, neither side could score in a pulsating second half and Villarreeal took all three points. Gerard Moreno was the star man for Villarreal, scoring twice in five minutes.
Read more »
'You just have to be patient': Cavs working through injuries ahead of Knicks grudge matchThe Cleveland Cavaliers have been managing multiple injuries to start the season. As they seek their first home win, the Cavs welcome in the New York Knicks for a grudge match to start the week.
Read more »
Biden administration’s energy rhetoric doesn’t match its record in AlaskaFor all the messaging from Biden and his team, his actions in Alaska fail time and again to back up the bluster and walk the talk.
Read more »
BetMGM Bonus Code NYPNEWS1500: Rush to get a $1.5K deposit match or $200 for MNFUse the BetMGM bonus codes to get excellent offers ahead of Monday Night Football.
Read more »