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The owner of dating sites including Tinder, Ok Cupid and reported $301 million in revenue, above analyst expectations of $297 million.

Adjusted EBITDA was $100 million, also above estimates of $90 million.

Match Group also brought down its EBITDA guidance for the year, forecasting between $400 million and $415 million, about $10 million below what was previously predicted.

The company also mentioned a lower-than-expected dating revenue outlook for the third quarter.

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Match Group reported second quarter earnings after the bell on Tuesday.

At first shares rose about in initial after-hours trading, but then they were down 5% as investors were disappointed by subscriber growth and guidance for the year.

“Bumble will get scale throughout the rest of the country and the rest of the world eventually,” said Ross.

Others in the mobile dating app space include Happn, Hinge, Coffee Meets Bagel and The League.

Yet investors were particularly watching PMC, the paid customer category which grew by 30% to 5.3 million.

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