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Tinder’s Face Check revenue headwind has stabilized to low single digits from 10%— RBC
Outperform, $37: RBC said Match Group is excited about its “double-date feature” driving interactions in 6 to 12 months, citing a meeting with the company’s leadership team. They added that Tinder’s new Face Check feature reduced revenue by 10%, but that has since stabilized to low single digits.
Assessment
Given that Face Check began rolling out in the U.S. in October, the 10% revenue headwind RBC cites likely reflects the impact during the initial rollout period, which overlaps with the current quarter. The effect likely applies only to the portion of U.S. revenue coming from users or transactions where Face Check is enforced, rather than all Tinder revenue globally.