Tinder owner expects upbeat revenue, but covid recovery fears cast shadow

Match Group Inc said the COVID-19 recovery in some of its “important” Asian markets was lagging behind the United States and Europe, sending its shares 4% lower after market despite a forecast for quarterly revenue above estimates.

Several economies were starting to open up but a resurgence of cases caused by the highly contagious Delta variant has fueled concerns over how long the recovery can last in certain markets.

“We are seeing a strong recovery in the U.S. and improvement in Europe as well, but important markets for us such as India, South Korea, Brazil, and Japan are further behind on the COVID recovery curve,” Chief Executive Officer Shar Dubey said in a statement.