Match Group Expects Q4 Total Revenue Of $855M-$865M
Portfolio Pulse from Benzinga Newsdesk
Match Group has projected its Q4 total revenue to be between $855M-$865M. This includes $27 million more in Q4 FX headwinds than anticipated during the last earnings call and a risk on approximately $7 million of quarterly revenue generated in Israel due to ongoing events. The outlook also reflects potential business deterioration due to weakening global macro conditions, including in the advertising business and on à la carte revenue at Tinder.
October 31, 2023 | 8:52 pm
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Match Group's Q4 revenue projection includes increased FX headwinds and risks in Israel. Weakening global macro conditions may also impact the business, including advertising and à la carte revenue at Tinder.
The company's Q4 revenue projection includes increased FX headwinds and risks in Israel, which could negatively impact the company's financial performance. Additionally, weakening global macro conditions could also affect the company's business, including its advertising business and à la carte revenue at Tinder, potentially leading to a decrease in the company's stock price.
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