Match Reports Decline in Paying Tinder Users, Announces Buyback
- Tinder paying customers dropped for the fifth straight quarter
- Board authorizes a new $1 billion share buyback program
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Match Group Inc. reported the number of paying users on Tinder, its largest dating app, fell for the fifth consecutive quarter, after the company raised prices on some subscription plans.
Tinder customers who pay for subscriptions and features — a key metric closely watched by investors — fell 8% from a year earlier to just under 10 million, surpassing the 6.6% drop that analysts had expected.