Tinder owner Match tempers annual revenue expectations on Omicron woes

Match Group Inc cut its full-year revenue forecast on Tuesday, as the Tinder owner expects the impact from the Omicron COVID-19 variant to persist through 2022. The company, which also missed fourth-quarter revenue estimates, forecast 2022 total revenue growth between 15% and 20%.

Match Group Inc cut its full-year revenue forecast on Tuesday, as the Tinder owner expects the impact from the Omicron COVID-19 variant to persist through 2022.

The company, which also missed fourth-quarter revenue estimates, forecast 2022 total revenue growth between 15% and 20%. It had earlier expected the revenue growth rate to approach 20%. Match also said it is focusing on the international expansion of Hinge and expects to begin launching the app in select European countries in the second quarter.