Match Group Inc. said the number of paying users on Tinder, its largest dating app, fell for the sixth straight quarter. Shares slid 5%.
Paying customers on the platform were down 9% from a year earlier, totaling “under 10 million” in the first quarter, the Dallas-based company said in a statement Tuesday. Analysts had projected roughly 9.8 million users. The company attributed the loss to pricing changes it made last year as well as a falloff in active users.