Match Group Warns Negative Currency Impacts Will Bring Down Revenue

Key TakeawaysMatch Group said unfavorable currency exchange rates will cause current-quarter revenue to be below earlier estimates.The online dating site operator said the rate impact will reduce fourth-quarter revenue by $15 million more than anticipated, with two-thirds of that attributable to the Tinder site.Match Group also said the drop in new users on Apple iOS remained stable but hasn't fully recovered from the September trend line. Shares of Match Group (MTCH) fell more than 5% Wednesday when the op ...