Tinder parent Match Group shares dip on Q4 revenue forecast

Investing.com -- Match Group Inc (NASDAQ:MTCH ) shares fell 3% on Wednesday after the company adjusted its fourth-quarter revenue forecast, citing the impact of foreign exchange rates.

While Match said it expects total revenue and Tinder direct revenue to fall below its prior outlook when factoring in forex rates, it noted that excluding these impacts, revenues would remain within the ranges previously provided during its Q3 call.

The company also reported that Tinder's new user sign-ups on Apple’s iOS platform have stabilized at lower levels but have yet to recover to the trends observed in early September.

Additionally, Match announced its first-ever quarterly dividend of $0.19 per share and authorized a $1.5 billion share buyback program at its inaugural investor day.

Source: Investing.com