Tinder-parent Match Group forecasts quarterly revenue below estimates

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Tinder-parent Match Group forecasts quarterly revenue below estimates
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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.

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