Match Group Inc (NASDAQ:MTCH) Updates

Match Group Inc shares fell 3% on Wednesday due to a revised fourth-quarter revenue forecast impacted by foreign exchange rates.

Despite the adjustments, the company stated that when excluding forex effects, total and Tinder direct revenues would still align with ranges previously provided during the Q3 call.

Tinder's new user sign-ups on Apple’s iOS platform have stabilized at lower levels and haven't yet bounced back to trends seen in early September.

Additionally, Match announced its first-ever quarterly dividend of $0.19 per share and introduced a $1.5 billion share buyback program during its inaugural investor day.