BTIG has lowered the firm’s Tinder net add assumptions for the first half of the year given the view that recent price increases enacted by Match Group are likely to be a drag into Q2. Match had previously pointed to Q1 Tinder payers being down quarter-over-quarter by around half of the Q4 decline of about 150,000 and it now expects Q2 to be down as well as it indicated that the recent U.S. price increase will be a drag on payer count into Q2, according to the firm, which has a Neutral rating on Match Group shares.
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Published first on TheFly
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