Match Group sees Q2 revenue $850M-$860M, consensus $881.96M

For Tinder, the company expects Direct Revenue of $475 to $480 million, flat to up 1% Y/Y, or 3% to 4% FXN, compared to Q2 ’23. The company expects similar Y/Y Tinder Payer growth in Q2 ’24 as in Q1 ’24. The company continues to believe that Tinder will deliver positive sequential Payer net additions in Q3 ’24. Across its other brands, the company expects Direct Revenue to be $360 to $365 million, representing 5% to 7% Y/Y growth, or 8% to 10% FXN. Within its other brands, the company expects Hinge Direct Revenue of $125 to $130 million, representing 38% to 44% Y/Y growth. The company expects Indirect Revenue to be approximately $15 million in the quarter.