Tinder owner bets on ‘summer of love’ to lift revenue as curbs ease

Match Group forecast current-quarter revenue above expectations on Tuesday, banking on its online dating apps including Tinder and Hinge attracting more subscribers as easing pandemic curbs encourage people to socialize.

The company expects second-quarter revenue in the range of $680 million to $690 million, 22% to 24% higher than last year and above analysts’ estimates of $678.8 million, according to IBES data from Refinitiv. Shares of the company rose about 6% in extended trading.