Match Group sees FY23 revenue growth towards lower end of previous range

The company said, “Given our strong team and the execution and revenue momentum we’ve built in the back half of ’23, we expect to enter ’24 continuing to deliver 10%+ Y/Y Total Revenue growth. The most critical component to maintaining that level of revenue growth for the full year will be the ability of Tinder’s ongoing marketing and product initiatives to deliver as the impacts of the ’23 optimizations anniversary. We currently believe the most likely outcome is for full year ’24 Y/Y Total Revenue growth in the high-single-digits (inclusive of an assumed two-point FX headwind), but we want to allow Tinder’s execution momentum to build for another quarter and macro conditions to clarify before further pinpointing our full year outlook.”