Match Posts Sixth Straight Decline in Tinder Users; Shares Fall
- Paying customers on Tinder now total just ‘under 10 million’
- CEO: User declines should slow ‘in the back half of the year’
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Match Group Inc. said the number of paying users on Tinder, its largest dating app, fell for the sixth straight quarter. Shares slid 5%.
Paying customers on the platform were down 9% from a year earlier, totaling “under 10 million” in the first quarter, the Dallas-based company said in a statement Tuesday. Analysts had projected roughly 9.8 million users. The company attributed the loss to pricing changes it made last year as well as a falloff in active users.