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Match Slumps as Forecast Disappoints on Covid Drag in Asia

  • Fourth-quarter revenue comes in short; Ebitda is in line
  • Third-quarter revenue up 25%, meeting analysts’ estimates
Match Group Illustrations Ahead Of Earnings
Photographer: Gabby Jones/Bloomberg
Updated on

Match Group Inc. forecast growth through the end of the year that missed analysts’ estimates, citing lingering Covid effects in Asia, particularly in its second-biggest market of Japan. 

The Dallas-based company said it expects fourth-quarter revenue of $810 million to $820 million. That compares with the average analyst forecast of $838 million, according to data compiled by Bloomberg. Adjusted earnings before interest, taxes, depreciation and amortization will be $285 million to $290 million, according to a statement Tuesday. Analysts had projected $285.5 million.