Match Group, Inc. (NASDAQ:MTCH), the parent company of popular dating apps Tinder, Hinge, and Match, expects its second-quarter revenue to be below Wall Street estimates due to a decrease in spending on dating apps [a07128ed]. The company reported a 6% decline in global Tinder downloads in the first quarter, marking the third consecutive quarter of decreasing downloads. Additionally, total monthly active users for Tinder dropped 21% globally in the reported quarter. Match Group's payers also declined by 6% to 14.9 million in the quarter ended March 31 [a07128ed]. As a result, the company now expects its annual revenue growth to be near the lower end of its previously stated range of 6% to 9% [a07128ed]. Despite these challenges, Match Group continues to be a dominant player in the dating app industry, with a portfolio of popular apps and a global presence [bd54925b]. The company has implemented initiatives to increase revenue and profitability, including launching new products, expanding into new markets, and increasing marketing efforts [bd54925b]. However, external factors such as competition, currency fluctuations, cyberattacks, and pandemics pose risks to the company [bd54925b]. Match Group is based in Dallas, Texas and provides dating products worldwide [bd54925b].