Tinder owner forecasts revenue below estimates

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The dating app Tinder is shown connected a mobile telephone successful this representation illustration taken September 1, 2020. Picture taken September 1, 2020. REUTERS/Akhtar Soomro/Illustration//File Photo

Nov 2 (Reuters) - Match Group Inc (MTCH.O) forecast fourth-quarter gross beneath marketplace estimates connected Tuesday, suggesting the Tinder owner's maturation could dilatory arsenic radical instrumentality to pre-pandemic habits.

The dating manufacture boomed past twelvemonth arsenic users relied connected video-enabled chat apps to interact online during months-long isolation. But rising vaccinations person encouraged radical to measurement retired and conscionable successful person.

Match said it expected fourth-quarter gross betwixt $810 cardinal and $820 million, beneath analysts' mean estimation of $838.5 million, according to Refinitiv.

The company's concern besides took a deed from a COVID-19 resurgence successful Asia, wherever less radical utilized its video and audio chatting app Azar. The institution had acquired the app successful this year's acquisition of South Korean steadfast Hyperconnect.

Match, which besides owns dating apps Hinge and OkCupid, said gross roseate 25% to $801.8 cardinal successful the 4th ended Sept. 30, missing analysts' estimates of astir $802.2 million.

The institution added 16.3 cardinal payers, a precocious introduced metric that includes each gross contributers to the company. Revenue per payer roseate 8%.

Reporting by Nilanjana Basu successful Bengaluru; Editing by Aditya Soni

Our Standards: The Thomson Reuters Trust Principles.

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