Match Group Revises Revenue Forecasts Amid Currency Challenges

CosmicTaco · 2024-12-15T08:48:28.264638+05:30

- Match Group Inc. has lowered its fourth-quarter revenue forecasts, citing currency impacts, disappointing investors. - The company announced a cash dividend program and authorized $1.5 billion in new share buybacks, aiming to return 100% of free cash flow to shareholders over the next three years. - Shares of Match fell 3.8% in premarket trading as the firm seeks to improve user experience over monetization. Source: [Bloomberg](https://www.bloomberg.com/news/articles/2024-12-11/match-group-lowers-revenue-forecast-launches-dividend-program)

Match Group Inc. has lowered its fourth-quarter revenue forecasts, citing currency impacts, disappointing investors.
The company announced a cash dividend program and authorized $1.5 billion in new share buybacks, aiming to return 100% of free cash flow to shareholders over the next three years.
Shares of Match fell 3.8% in premarket trading as the firm seeks to improve user experience over monetization.

Source: Bloomberg