FILE PHOTO: The dating app Tinder is shown on a mobile phone in this picture illustration taken September 1, 2020. REUTERS/Akhtar Soomro/Illustration/File Photo/File Photo
February 1, 2022
(Reuters) – Match Group Inc cut its full-year revenue forecast on Tuesday, as the Tinder owner expects the impact from the Omicron COVID-19 variant to persist through 2022.
The company, which also missed third-quarter revenue estimates, forecast 2022 total revenue growth between 15% and 20%. It had earlier expected the revenue growth rate to approach 20%.
Match also said it is focusing on the international expansion of Hinge and expects to begin launching the app in select European countries in the second quarter.
(Reporting by Richard Rohan Francis in Bengaluru; Editing by Devika Syamnath)
Source: One America News Network
