The company said, "We expect FX to be a little more than a one-point Y/Y headwind to Total Revenue. For Tinder, we expect Direct Revenue to be up low single digits Y/Y over Q2 ’22, with FX representing a one-point Y/Y headwind. On a sequential basis, we expect Tinder Direct Revenue to be up low-to-mid single digits. We expect Tinder Payers to decline Y/Y, impacted by several ongoing trends and initiatives, particularly pricing optimizations. As mentioned earlier, Tinder extensively tested a number of price variants in the U.S. and ultimately selected a higher price point, which we expect will maximize revenue but cause a significant reduction in Payers. Tinder intends to test various price points internationally beginning in Q2. At Hinge, we expect meaningfully accelerating Y/Y Direct Revenue growth in Q2 as the overall business momentum, the impact of the new subscription tiers, and the European expansion continue to deliver incremental revenue:"
Published first on TheFly
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