(Reuters) – Match Group 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 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.
(Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D’Silva)
